135,778 Shares in American Express Company $AXP Bought by Commerce Bank

Commerce Bank acquired a new position in shares of American Express Company (NYSE:AXP) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 135,778 shares of the payment services company’s stock, valued at approximately $45,927,000.

Several other institutional investors have also modified their holdings of the stock. Flputnam Investment Management Co. purchased a new position in American Express in the 2nd quarter valued at $12,879,000. Keybank National Association OH grew its holdings in shares of American Express by 3.0% during the fourth quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock worth $132,909,000 after buying an additional 10,495 shares in the last quarter. Swiss Life Asset Management Ltd grew its holdings in shares of American Express by 34.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock worth $51,751,000 after buying an additional 35,533 shares in the last quarter. Peapack Gladstone Financial Corp raised its position in shares of American Express by 6.2% in the fourth quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock valued at $24,416,000 after buying an additional 3,855 shares during the last quarter. Finally, Thames Capital Management LLC lifted its stake in shares of American Express by 189.6% in the fourth quarter. Thames Capital Management LLC now owns 80,463 shares of the payment services company’s stock worth $29,767,000 after buying an additional 52,679 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Trading Up 1.5%

NYSE:AXP opened at $336.00 on Friday. The firm has a market cap of $226.90 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. The stock has a fifty day moving average price of $343.19 and a 200 day moving average price of $326.83. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. 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 (NYSE:AXP) last issued its quarterly 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. The company had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.American Express’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts anticipate 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 was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s dividend payout ratio is presently 23.06%.

Analyst Ratings Changes

AXP has been the subject of several research reports. Barclays upped their price objective on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. BTIG Research cut their price target on shares of American Express from $324.00 to $315.00 and set a “sell” rating for the company in a report on Monday, July 27th. Royal Bank Of Canada lowered shares of American Express from a “moderate buy” rating to a “hold” rating in a report on Monday, July 13th. Loop Capital initiated coverage on American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price on the stock. Finally, Piper Sandler increased 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 investment 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.com, American Express presently has an average rating of “Moderate Buy” and an average price target of $373.32.

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.