Glenview Trust Co Acquires New Shares in American Express Company $AXP

Glenview Trust Co acquired a new position in American Express Company (NYSE:AXP) in the 2nd quarter, Holdings Channel reports. The firm acquired 48,695 shares of the payment services company’s stock, valued at approximately $14,729,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. lifted its stake in shares of American Express by 6,600.0% in the 4th 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 last quarter. Joseph Group Capital Management acquired a new stake in shares of American Express during the 4th quarter worth about $26,000. Sfam LLC acquired a new stake in shares of American Express during the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in American Express in the 4th quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in American Express in the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

Shares of American Express stock opened at $334.03 on Friday. The business has a 50-day moving average of $342.96 and a 200 day moving average of $326.13. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The stock has a market capitalization of $225.57 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. The company had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts forecast that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. UBS Group lowered their target price on shares of American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $328.00 to $400.00 in a research note on Monday, July 13th. BTIG Research decreased their price objective on shares of American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a report on Monday, July 27th. Morgan Stanley lowered their price objective on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th. Finally, Benchmark began coverage on shares of American Express in a report on Monday, July 13th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, American Express has an average rating of “Moderate Buy” and an average 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.