American Express Company $AXP Shares Bought by Greenwood Gearhart LLC

Greenwood Gearhart LLC increased its stake in American Express Company (NYSE:AXP) by 8.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,964 shares of the payment services company’s stock after acquiring an additional 2,682 shares during the period. Greenwood Gearhart LLC’s holdings in American Express were worth $10,878,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Evolution Wealth Management Inc. lifted its position in American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management acquired a new position in shares of American Express during the 4th quarter valued at $26,000. Sfam LLC acquired a new position in shares of American Express during the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of American Express in the 4th quarter worth $28,000. Finally, Wilkerson Advisory Group LLC bought a new stake in shares of American Express in the 4th quarter worth $29,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

Shares of NYSE:AXP opened at $355.44 on Monday. The company has a market capitalization of $242.53 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.43 and a beta of 1.04. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. The stock has a fifty day moving average of $329.39 and a 200-day moving average of $331.02. American Express Company has a one year low of $288.34 and a one year high of $387.49.

American Express (NYSE:AXP) last issued its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be paid a $0.95 dividend. The ex-dividend date of this dividend is 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 (DPR) is currently 23.71%.

Analysts Set New Price Targets

Several research analysts recently weighed in on AXP shares. Truist Financial raised their target price on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. Wells Fargo & Company cut their price target on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Royal Bank Of Canada lowered shares of American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Evercore began coverage on shares of American Express in a research note on Monday, July 13th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Express presently has an average rating of “Moderate Buy” and an average target price of $374.15.

Key American Express News

Here are the key news stories impacting American Express this week:

• Neutral Sentiment: Jefferies reiterated its Hold rating on American Express, signaling a wait-and-see stance rather than a more bullish upgrade. Jefferies Sticks to Their Hold Rating for American Express (AXP)
• Neutral Sentiment: Barclays also kept a Hold rating on AXP, reinforcing the view that analysts are not seeing an immediate upside catalyst. Barclays Keeps Their Hold Rating on American Express (AXP)
• Neutral Sentiment: Zacks-related coverage noted that American Express has been attracting trading attention, but the article does not point to a fresh operational update or earnings surprise. Here is What to Know Beyond Why American Express Company (AXP) is a Trending Stock
• Neutral Sentiment: Another Zacks piece similarly frames AXP as a trending stock without adding a new fundamental driver. Here is What to Know Beyond Why American Express Company (AXP) is a Trending Stock
• Neutral Sentiment: Coverage ahead of earnings highlighted that American Express was expected to report results soon, but the item itself did not provide a new beat/miss or guidance update. American Express (AXP) Projected to Release Earnings on Friday

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.