Rayburn West Financial Services LLC Takes $6.65 Million Position in American Express Company $AXP

Rayburn West Financial Services LLC purchased a new stake in shares of American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,651 shares of the payment services company’s stock, valued at approximately $6,647,000. American Express makes up about 3.7% of Rayburn West Financial Services LLC’s investment portfolio, making the stock its 7th biggest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Evolution Wealth Management Inc. lifted its holdings in shares of American Express by 6,600.0% during the 4th 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 bought a new position in shares of American Express during the 4th quarter worth about $26,000. Sfam LLC bought a new position in shares of American Express during the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express during the 4th quarter valued at about $28,000. Finally, Wilkerson Advisory Group LLC bought a new position in American Express during the 4th quarter valued at about $29,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on AXP. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. Bank of America upped their target price 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. Loop Capital initiated coverage on shares of American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Piper Sandler upped their price target on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Price Performance

Shares of AXP stock traded up $1.38 on Wednesday, reaching $339.90. The company had a trading volume of 2,538,525 shares, compared to its average volume of 3,294,725. The stock has a market capitalization of $229.54 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 1.38 and a beta of 1.04. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a one year low of $290.97 and a one year high of $387.49. The business’s 50-day moving average is $342.20 and its 200 day moving average is $327.04.

American Express (NYSE:AXP) last issued its quarterly earnings data 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 business had revenue of $19.64 billion during the quarter, compared to analyst estimates of $19.70 billion. During the same quarter last year, the business earned $4.08 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts forecast that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express’s payout ratio is currently 23.06%.

American Express News Roundup

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

• Positive Sentiment: Expanded corporate payments capabilities: American Express is embedding virtual cards more deeply into its U.S. commercial-payment tools, including the @ Work platform and Conferma for business travel. The strategy could improve security, simplify expense management and increase customer retention, strengthening Amex’s competitive position in premium corporate payments. Is American Express’ Expanded Virtual Cards Strategy Deepening Its Corporate Moat in Premium Payments?
• Positive Sentiment: New St Andrews partnership: American Express became the official payments partner of St Andrews Links, expanding its sports and lifestyle marketing platform. The agreement may support international brand visibility, card-member engagement and premium travel-related spending, though the near-term financial impact is likely limited. American Express and St Andrews Links Trust Announce Partnership
• Positive Sentiment: Premium-card momentum and younger customers: A profile of CEO Steve Squeri highlights Amex’s success attracting millennials and Generation Z to high-fee products such as the Platinum card. Continued acceptance of premium annual fees would support spending growth, fee revenue and the company’s long-term brand positioning. The American Express CEO Defied Haters
• Neutral Sentiment: Upcoming investor presentation: Management will participate in the Barclays Global Financial Services Conference on September 16. Investors may receive updated commentary on spending trends, credit quality and 2026 guidance, but no new information was announced today. American Express to Participate in Barclays Global Financial Services Conference
• Neutral Sentiment: Limited indirect items: American Express is included among the holdings of US Financial 15 Split Corp., while Berkshire Hathaway’s portfolio is becoming more concentrated in Dow components. These developments offer little direct information about AXP’s fundamentals or valuation.

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.