9,572 Shares of American Express Company $AXP Acquired by Sawyer & Company Inc

Sawyer & Company Inc bought a new position in shares of American Express Company (NYSE:AXP) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,572 shares of the payment services company’s stock, valued at approximately $2,911,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AXP. Archer Investment Corp bought a new stake in shares of American Express in the second quarter valued at approximately $25,000. Elevation Wealth Partners LLC lifted its stake in shares of American Express by 78.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock valued at $28,000 after buying an additional 41 shares in the last quarter. Frazier Financial Advisors LLC boosted its holdings in American Express by 66.7% in the 1st quarter. Frazier Financial Advisors LLC now owns 100 shares of the payment services company’s stock worth $30,000 after buying an additional 40 shares during the period. Evolution Wealth Management Inc. boosted its holdings in American Express by 58.2% in the 1st quarter. Evolution Wealth Management Inc. now owns 106 shares of the payment services company’s stock worth $32,000 after buying an additional 39 shares during the period. Finally, Whipplewood Advisors LLC grew its stake in American Express by 2,550.0% in the 1st quarter. Whipplewood Advisors LLC now owns 106 shares of the payment services company’s stock valued at $32,000 after buying an additional 102 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Price Performance

AXP traded up $6.05 on Wednesday, reaching $324.39. The company had a trading volume of 947,975 shares, compared to its average volume of 3,227,157. The business has a 50 day simple moving average of $320.21 and a 200 day simple moving average of $325.70. The company has a market cap of $219.06 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 1.35 and a beta of 1.08. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. The business had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts anticipate that American Express Company will post 17.65 EPS for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s payout ratio is 23.06%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AXP. Evercore set a $320.00 target price on shares of American Express in a report on Thursday, October 1st. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. BTIG Research reduced their price target on American Express from $315.00 to $230.00 and set a “sell” rating for the company in a research report on Monday, September 7th. Bank of America increased their price objective on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Citigroup cut their target price on American Express from $355.00 to $340.00 and set a “neutral” rating for the company in a research note on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $365.63.

About American Express

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.