First Nebraska Trust Co Purchases New Holdings in American Express Company $AXP

First Nebraska Trust Co acquired a new position in American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,725 shares of the payment services company’s stock, valued at approximately $583,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. raised its stake in American Express by 6,600.0% during the 4th 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 during the period. Joseph Group Capital Management acquired a new stake in shares of American Express in the fourth quarter worth $26,000. Sfam LLC acquired a new stake in shares of American Express in the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of American Express during the fourth quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in American Express during the third quarter valued at $28,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Stock Performance

Shares of AXP stock opened at $336.00 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The stock’s 50-day moving average is $343.19 and its two-hundred day moving average is $326.83. The firm has a market cap of $226.90 billion, a P/E ratio of 20.39, a PEG ratio of 1.36 and a beta of 1.04.

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

American Express Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were issued a $0.95 dividend. 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%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. The Goldman Sachs Group upped their target price on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Evercore set a $370.00 price target on shares of American Express in a research report on Monday, July 27th. Morgan Stanley decreased their price target on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a report on Monday, July 27th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.

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.