Kimelman & Baird LLC Grows Stock Position in American Express Company $AXP

Kimelman & Baird LLC increased its position in shares of American Express Company (NYSE:AXP) by 387.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,087 shares of the payment services company’s stock after buying an additional 4,837 shares during the quarter. Kimelman & Baird LLC’s holdings in American Express were worth $2,252,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Entrust Financial LLC acquired a new stake in American Express in the 4th quarter valued at approximately $41,000. Wisconsin Capital Management LLC increased its holdings in American Express by 0.4% in the 4th quarter. Wisconsin Capital Management LLC now owns 22,333 shares of the payment services company’s stock valued at $8,262,000 after purchasing an additional 87 shares during the last quarter. Odyssey Capital Advisors Inc. acquired a new stake in American Express in the 4th quarter valued at approximately $1,180,000. CDM Financial Counseling Services Inc. acquired a new stake in American Express in the 4th quarter valued at approximately $690,000. Finally, Mission Wealth Management LP increased its holdings in American Express by 1.3% in the 4th quarter. Mission Wealth Management LP now owns 10,492 shares of the payment services company’s stock valued at $3,882,000 after purchasing an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Price Performance

Shares of AXP opened at $312.42 on Tuesday. American Express Company has a 1-year low of $281.46 and a 1-year high of $387.49. The stock has a market cap of $213.17 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.27 and a beta of 1.08. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The firm has a fifty day moving average price of $310.84 and a 200 day moving average price of $341.93.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. During the same period in the previous year, the company earned $3.64 earnings per share. American Express’s quarterly revenue was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts anticipate that American Express Company will post 17.59 EPS for the current year.

American Express Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 3rd were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. American Express’s dividend payout ratio is currently 23.71%.

Wall Street Analyst Weigh In

Several equities analysts have commented on AXP shares. Morgan Stanley dropped their price target on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Barclays dropped their price target on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. UBS Group restated a “neutral” rating and issued a $395.00 price target on shares of American Express in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company dropped their price target on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $357.47.

About American Express

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.