Long Corridor Asset Management Ltd Invests $21.31 Million in American Express Company $AXP

Long Corridor Asset Management Ltd acquired a new position in shares of American Express Company (NYSE:AXP) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 63,000 shares of the payment services company’s stock, valued at approximately $21,310,000. American Express makes up approximately 6.4% of Long Corridor Asset Management Ltd’s holdings, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of AXP. Cornerstone Advisory LLC boosted its position in American Express by 2.9% during the 4th quarter. Cornerstone Advisory LLC now owns 1,017 shares of the payment services company’s stock worth $376,000 after acquiring an additional 29 shares during the last quarter. Total Clarity Wealth Management Inc. raised its holdings in shares of American Express by 3.4% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock valued at $323,000 after purchasing an additional 29 shares during the last quarter. Dover Advisors LLC raised its holdings in shares of American Express by 0.4% in the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock valued at $2,951,000 after purchasing an additional 29 shares during the last quarter. Invenio Wealth Partners LLC lifted its position in shares of American Express by 3.9% in the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock worth $258,000 after purchasing an additional 29 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of American Express by 1.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,167 shares of the payment services company’s stock worth $1,172,000 after purchasing an additional 30 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. 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. The stock has a 50 day moving average of $343.19 and a 200-day moving average of $326.83. The company has a market cap of $226.90 billion, a PE ratio of 20.39, a PEG ratio of 1.34 and a beta of 1.04.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the previous year, the company earned $4.08 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were given 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 dividend payout ratio (DPR) is 23.06%.

Analyst Ratings Changes

A number of research analysts recently weighed in on AXP shares. Bank of America raised their target price on shares of American Express from $387.00 to $391.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a research report on Thursday, June 18th. Piper Sandler increased their price objective on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Loop Capital began coverage on American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective for the company. Finally, UBS Group lowered their target price on American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. One research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, American Express has a consensus rating of “Moderate Buy” and an average price target 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.