HS Management Partners LLC Invests $15.26 Million in American Express Company $AXP

HS Management Partners LLC bought a new stake in shares of American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 45,119 shares of the payment services company’s stock, valued at approximately $15,262,000. American Express makes up about 5.2% of HS Management Partners LLC’s holdings, making the stock its 5th largest position.

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

American Express Stock Up 0.6%

AXP stock opened at $338.10 on Wednesday. The company has a market cap of $228.32 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.38 and a beta of 1.04. The company has a current ratio of 1.55, a quick ratio of 1.54 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 firm has a 50-day moving average of $342.20 and a two-hundred day moving average of $327.04.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping 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 business had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same period in the previous year, the firm posted $4.08 EPS. The business’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. As a group, analysts forecast that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a 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 research analysts recently weighed in on AXP shares. Piper Sandler raised their price target on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Truist Financial boosted their price objective on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. BTIG Research reduced their target price on American Express from $324.00 to $315.00 and set a “sell” rating for the company in a report on Monday, July 27th. DZ Bank upgraded American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research report on Thursday, June 18th. Finally, Evercore set a $370.00 price target on American Express in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.