Van ECK Associates Corp Grows Stock Holdings in American Express Company $AXP

Van ECK Associates Corp boosted its holdings in American Express Company (NYSE:AXP) by 464.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 104,452 shares of the payment services company’s stock after buying an additional 85,958 shares during the period. Van ECK Associates Corp’s holdings in American Express were worth $35,331,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AXP. Dover Advisors LLC boosted its stake in American Express by 0.4% in the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock worth $2,951,000 after purchasing an additional 29 shares during the period. Invenio Wealth Partners LLC lifted its holdings in shares of American Express by 3.9% in the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock worth $258,000 after buying an additional 29 shares in the last quarter. Strait & Sound Wealth Management LLC boosted its position in shares of American Express by 2.7% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company’s stock worth $421,000 after acquiring an additional 30 shares during the last quarter. Onyx Bridge Wealth Group LLC grew its stake in American Express by 3.6% during the first quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company’s stock valued at $263,000 after acquiring an additional 30 shares in the last quarter. Finally, IMG Wealth Management Inc. grew its stake in American Express by 6.3% during the fourth quarter. IMG Wealth Management Inc. now owns 541 shares of the payment services company’s stock valued at $200,000 after acquiring an additional 32 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Stock Up 0.1%

Shares of NYSE AXP opened at $333.64 on Monday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The firm’s 50-day moving average price is $342.85 and its 200-day moving average price is $325.95. The stock has a market capitalization of $225.31 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.35 and a beta of 1.04.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same period in the previous year, the firm posted $4.08 earnings per share. The firm’s revenue for the quarter 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, equities research analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Loop Capital assumed coverage on shares of American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target on the stock. Guggenheim started coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. Piper Sandler increased their price target on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, TD Cowen lifted their price objective on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, American Express presently has an average rating of “Moderate Buy” and a consensus price target 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.