Glenview Trust Co Purchases 10,051 Shares of American Express Company $AXP

Glenview Trust Co raised its position in shares of American Express Company (NYSE:AXP) by 20.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,746 shares of the payment services company’s stock after buying an additional 10,051 shares during the period. Glenview Trust Co’s holdings in American Express were worth $19,871,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AXP. BlackRock Inc. bought a new position in shares of American Express during the second quarter valued at about $14,208,662,000. Norges Bank bought a new stake in shares of American Express in the fourth quarter worth about $2,464,215,000. Corient Private Wealth LP purchased a new position in American Express during the 2nd quarter valued at about $253,945,000. Bank of New York Mellon Corp purchased a new position in American Express during the 2nd quarter valued at about $1,263,787,000. Finally, Legal & General Group Plc bought a new position in American Express during the 2nd quarter valued at approximately $1,138,054,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Evercore set a $370.00 price objective on American Express in a report on Monday, July 27th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. UBS Group decreased their target price on American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. HSBC raised their price target on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Finally, TD Cowen boosted their price objective on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Express presently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

American Express Stock Performance

American Express stock opened at $334.03 on Friday. The stock’s 50 day simple moving average is $342.96 and its two-hundred day simple moving average is $326.13. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The stock has a market cap of $225.57 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.36 and a beta of 1.04. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. The firm 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 business’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts expect that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued 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 is 23.06%.

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.