GatePass Capital LLC Buys Shares of 1,593 American Express Company $AXP

GatePass Capital LLC acquired a new stake in shares of American Express Company (NYSE:AXP) during the first quarter, HoldingsChannel.com reports. The fund acquired 1,593 shares of the payment services company’s stock, valued at approximately $482,000.

Other large investors have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. raised its position in shares of 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 valued at $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management bought a new position in American Express in the 4th quarter worth $26,000. Sfam LLC bought a new position in American Express in the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express during the 4th quarter worth $28,000. Finally, Wilkerson Advisory Group LLC acquired a new position in American Express during the 4th quarter worth $29,000. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

American Express stock opened at $355.44 on Friday. The company has a market cap of $242.53 billion, a PE ratio of 22.17, a PEG ratio of 1.46 and a beta of 1.04. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. American Express Company has a 1 year low of $288.34 and a 1 year high of $387.49. The company’s 50-day moving average is $329.39 and its two-hundred day moving average is $331.33.

American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping the consensus estimate of $4.01 by $0.27. The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. American Express’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts anticipate that American Express Company will post 17.66 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s payout ratio is currently 23.71%.

Wall Street Analyst Weigh In

AXP has been the topic of several research reports. Loop Capital started coverage on shares of American Express in a report on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective on the stock. Bank of America raised their price objective on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Morgan Stanley upgraded shares of American Express from a “positive” rating to an “overweight” rating in a research report on Monday. Barclays raised their price target on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Finally, Benchmark initiated coverage on American Express in a report on Monday. They set a “buy” rating on the stock. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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

About American Express

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.