Cullen Capital Management LLC Buys Shares of 14,915 American Express Company $AXP

Cullen Capital Management LLC bought a new stake in shares of American Express Company (NYSE:AXP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 14,915 shares of the payment services company’s stock, valued at approximately $5,045,000.

Other hedge funds have also recently made changes to their positions in the company. Flputnam Investment Management Co. bought a new position in shares of American Express in the second quarter worth approximately $12,879,000. Evolve Private Wealth LLC bought a new stake in shares of American Express during the second quarter valued at approximately $5,172,000. Keybank National Association OH raised its holdings in American Express by 3.0% in the 4th quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock worth $132,909,000 after acquiring an additional 10,495 shares during the last quarter. Swiss Life Asset Management Ltd raised its holdings in American Express by 34.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock worth $51,751,000 after acquiring an additional 35,533 shares during the last quarter. Finally, Peapack Gladstone Financial Corp lifted its position in American Express by 6.2% in the 4th quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock valued at $24,416,000 after acquiring an additional 3,855 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

American Express Trading Up 0.4%

Shares of NYSE:AXP opened at $337.38 on Tuesday. The stock’s 50-day simple moving average is $343.23 and its two-hundred day simple moving average is $326.56. The stock has a market capitalization of $227.84 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 1.36 and a beta of 1.04. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating 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 firm had revenue of $19.64 billion during the quarter, compared to analyst estimates of $19.70 billion. During the same quarter in the prior year, the firm earned $4.08 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts expect that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Benchmark began coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating for the company. UBS Group dropped their price objective on American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Evercore set a $370.00 target price on American Express in a research report on Monday, July 27th. The Goldman Sachs Group raised their price target on shares of American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Barclays increased their price objective on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

American Express 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.