PDT Partners LLC Buys New Shares in American Express Company $AXP

PDT Partners LLC bought a new position in American Express Company (NYSE:AXP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,800 shares of the payment services company’s stock, valued at approximately $1,285,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Palisade Capital Management LP purchased a new stake in shares of American Express during the 2nd quarter worth about $1,094,000. Canada Pension Plan Investment Board purchased a new position in American Express in the second quarter valued at approximately $343,468,000. Castleark Management LLC purchased a new position in American Express in the second quarter valued at approximately $9,233,000. Osterweis Capital Management Inc. acquired a new position in American Express during the second quarter valued at approximately $512,000. Finally, AFT Forsyth & Company Inc. purchased a new stake in American Express during the second quarter worth approximately $885,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AXP. Benchmark initiated coverage on American Express in a research report on Monday, July 13th. They issued a “buy” rating for the company. Truist Financial raised their target price on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. TD Cowen boosted their price target on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research report on Tuesday, July 7th. Piper Sandler lifted their price objective on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, BTIG Research reduced their target price on shares of American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Stock Up 0.1%

AXP stock opened at $336.32 on Thursday. 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 1-year low of $290.97 and a 1-year high of $387.49. The firm has a fifty day moving average price of $343.05 and a two-hundred day moving average price of $326.31. The firm has a market cap of $227.12 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.36 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 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the prior year, the business earned $4.08 EPS. The firm’s 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. Research analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

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

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.