Texas Capital Bank Wealth Management Services Inc Purchases 4,615 Shares of American Express Company $AXP

Texas Capital Bank Wealth Management Services Inc grew its position in shares of American Express Company (NYSE:AXP) by 426.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,698 shares of the payment services company’s stock after acquiring an additional 4,615 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in American Express were worth $2,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Trajan Wealth LLC raised its holdings in American Express by 30.9% during the third quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock valued at $8,271,000 after acquiring an additional 5,881 shares during the period. Hillsdale Investment Management Inc. raised its holdings in American Express by 218.7% during the third quarter. Hillsdale Investment Management Inc. now owns 8,540 shares of the payment services company’s stock valued at $2,837,000 after acquiring an additional 5,860 shares during the period. Sumitomo Mitsui Financial Group Inc. raised its holdings in American Express by 11.7% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 82,863 shares of the payment services company’s stock valued at $27,524,000 after acquiring an additional 8,651 shares during the period. Parr Mcknight Wealth Management Group LLC raised its holdings in American Express by 1,243.9% during the third quarter. Parr Mcknight Wealth Management Group LLC now owns 13,775 shares of the payment services company’s stock valued at $4,576,000 after acquiring an additional 12,750 shares during the period. Finally, Hudson Bay Capital Management LP raised its holdings in American Express by 159.5% during the third quarter. Hudson Bay Capital Management LP now owns 31,611 shares of the payment services company’s stock valued at $10,500,000 after acquiring an additional 19,429 shares during the period. 84.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on AXP. Loop Capital assumed coverage on American Express in a report on Thursday, May 21st. They set a “buy” rating and a $389.00 price target on the stock. Evercore set a $345.00 price objective on American Express in a research report on Wednesday, April 29th. The Goldman Sachs Group raised their price objective on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Royal Bank Of Canada set a $415.00 price objective on American Express in a research report on Friday, April 10th. Finally, Barclays cut their price objective on American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $359.05.

American Express Stock Up 0.6%

Shares of NYSE:AXP opened at $312.67 on Thursday. American Express Company has a 1 year low of $286.15 and a 1 year high of $387.49. The business has a 50 day simple moving average of $312.07 and a two-hundred day simple moving average of $339.44. The firm has a market capitalization of $213.34 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56.

American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter in the previous year, the firm posted $3.64 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts predict that American Express Company will post 17.59 EPS for the current year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 3rd were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. This is a positive change from American Express’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Thursday, April 2nd. American Express’s payout ratio is presently 23.71%.

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.