Triumph Capital Management Sells 2,043 Shares of American Express Company $AXP

Triumph Capital Management trimmed its stake in shares of American Express Company (NYSE:AXP) by 55.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,649 shares of the payment services company’s stock after selling 2,043 shares during the period. Triumph Capital Management’s holdings in American Express were worth $558,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Flputnam Investment Management Co. acquired a new position in American Express during the 2nd quarter worth approximately $12,879,000. Evolve Private Wealth LLC acquired a new stake in shares of American Express in the second quarter valued at approximately $5,172,000. Swiss Life Asset Management Ltd lifted its position in shares of American Express by 34.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock worth $51,751,000 after purchasing an additional 35,533 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in American Express during the second quarter worth $11,642,000. Finally, Peapack Gladstone Financial Corp boosted its holdings in American Express by 6.2% during the fourth quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock worth $24,416,000 after purchasing an additional 3,855 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

American Express Stock Performance

Shares of AXP opened at $323.98 on Wednesday. The firm has a 50-day moving average of $342.45 and a 200-day moving average of $325.51. American Express Company has a one year low of $290.97 and a one year high of $387.49. The company has a market cap of $218.79 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05. 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 (NYSE:AXP) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same period in the prior year, the firm earned $4.08 EPS. American Express’s quarterly revenue 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. As a group, equities analysts forecast that American Express Company will post 17.68 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were paid a $0.95 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s dividend payout ratio is currently 23.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Truist Financial lifted their price target on shares of American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Loop Capital initiated coverage on shares of American Express in a research note on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective for the company. Evercore set a $370.00 price objective on American Express in a report on Monday, July 27th. BTIG Research lowered their target price on American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research report on Monday, July 27th. Finally, HSBC upped their target price on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a report on Monday, July 13th. 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 MarketBeat, American Express presently has an average rating of “Moderate Buy” and an average target price 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.