American Express Company $AXP Position Boosted by Kimelman & Baird LLC

Kimelman & Baird LLC boosted its holdings in American Express Company (NYSE:AXP) by 19.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,055 shares of the payment services company’s stock after buying an additional 1,764 shares during the quarter. Kimelman & Baird LLC’s holdings in American Express were worth $3,739,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Total Clarity Wealth Management Inc. raised its position in American Express by 3.4% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock valued at $323,000 after buying an additional 29 shares during the period. Dover Advisors LLC raised its position in American Express by 0.4% during the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock valued at $2,951,000 after acquiring an additional 29 shares in the last quarter. Invenio Wealth Partners LLC lifted its stake in shares of American Express by 3.9% in the 3rd quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock valued at $258,000 after purchasing an additional 29 shares during the last quarter. Strait & Sound Wealth Management LLC lifted its position in shares of American Express by 2.7% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company’s stock worth $421,000 after buying an additional 30 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its position in American Express by 3.6% during the first quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company’s stock worth $263,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

NYSE AXP opened at $333.64 on Friday. The firm’s 50 day moving average is $342.85 and its 200-day moving average is $326.18. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a market capitalization of $225.31 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.35 and a beta of 1.04.

American Express (NYSE:AXP) last released its quarterly earnings data 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 return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter in the prior year, the firm posted $4.08 EPS. The firm’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. Equities research analysts anticipate that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were given 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 dividend payout ratio is presently 23.06%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised American Express from a “neutral” rating to an “overweight” rating and raised their target price for the company from $328.00 to $400.00 in a report on Monday, July 13th. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. Barclays increased their target price on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Piper Sandler boosted their price objective on American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Finally, TD Cowen increased their price target on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $373.32.

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.