31,618 Shares in American Express Company $AXP Bought by Waycross Partners LLC

Waycross Partners LLC purchased a new position in American Express Company (NYSE:AXP) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 31,618 shares of the payment services company’s stock, valued at approximately $9,564,000. American Express accounts for 0.9% of Waycross Partners LLC’s holdings, making the stock its 29th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Asset Advisory Services LLC boosted its position in shares of American Express by 2.4% during the 4th quarter. Capital Asset Advisory Services LLC now owns 1,214 shares of the payment services company’s stock worth $465,000 after purchasing an additional 28 shares in the last quarter. Lantz Financial LLC increased its position in American Express by 3.6% in the 4th quarter. Lantz Financial LLC now owns 808 shares of the payment services company’s stock valued at $299,000 after buying an additional 28 shares in the last quarter. Financial Management Network Inc. increased its position in American Express by 0.8% in the 4th quarter. Financial Management Network Inc. now owns 3,740 shares of the payment services company’s stock valued at $1,394,000 after buying an additional 29 shares in the last quarter. Central Bank & Trust Co. raised its stake in American Express by 1.1% during the 4th quarter. Central Bank & Trust Co. now owns 2,620 shares of the payment services company’s stock worth $969,000 after buying an additional 29 shares during the period. Finally, Burns J W & Co. Inc. NY boosted its holdings in American Express by 2.1% in the fourth quarter. Burns J W & Co. Inc. NY now owns 1,400 shares of the payment services company’s stock worth $518,000 after acquiring an additional 29 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

American Express Stock Up 0.0%

Shares of NYSE:AXP opened at $355.44 on Monday. The business’s 50 day moving average is $329.39 and its 200 day moving average is $331.02. American Express Company has a 12-month low of $288.34 and a 12-month high of $387.49. The stock has a market cap of $242.53 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.43 and a beta of 1.04. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73.

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

American Express Announces Dividend

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

American Express News Roundup

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AXP shares. Morgan Stanley upgraded American Express from a “positive” rating to an “overweight” rating in a report on Monday, July 13th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. HSBC upped their price objective on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Bank of America raised their price objective on shares of American Express from $387.00 to $391.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, Jefferies Financial Group raised shares of American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, American Express currently has an average rating of “Moderate Buy” and an average target price of $374.15.

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.