W1M Asset Management Ltd Makes New $27.60 Million Investment in American Express Company $AXP

W1M Asset Management Ltd purchased a new stake in American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 81,583 shares of the payment services company’s stock, valued at approximately $27,596,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AXP. Evolution Wealth Management Inc. lifted its holdings in shares of American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. Joseph Group Capital Management purchased a new position in shares of American Express during the fourth quarter valued at $26,000. Sfam LLC acquired a new position in American Express during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in American Express in the 4th quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in American Express during the 3rd quarter worth about $28,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Trading Up 1.5%

NYSE:AXP opened at $336.00 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The company has a market capitalization of $226.90 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.36 and a beta of 1.04. The stock’s 50 day moving average price is $343.19 and its 200 day moving average price is $326.83. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same quarter in the prior year, the business posted $4.08 EPS. American Express’s quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, research analysts forecast that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is 23.06%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AXP. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. Piper Sandler boosted their price objective on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. BTIG Research dropped their price objective on shares of American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research note on Monday, July 27th. Morgan Stanley cut their target price on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th. Finally, Truist Financial boosted their price target on shares of American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, American Express currently has an average rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Company Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.