GTS Securities LLC Boosts Stock Position in American Express Company $AXP

GTS Securities LLC lifted its stake in shares of American Express Company (NYSE:AXP) by 73.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,534 shares of the payment services company’s stock after acquiring an additional 3,612 shares during the quarter. GTS Securities LLC’s holdings in American Express were worth $2,887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in American Express during the second quarter valued at approximately $14,208,662,000. Norges Bank purchased a new stake in shares of American Express in the fourth quarter worth $2,464,215,000. Corient Private Wealth LP bought a new stake in shares of American Express during the 2nd quarter valued at $253,945,000. Bank of New York Mellon Corp bought a new stake in shares of American Express during the 2nd quarter valued at $1,263,787,000. Finally, Legal & General Group Plc purchased a new position in shares of American Express during the 2nd quarter valued at $1,138,054,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Stock Performance

AXP opened at $333.64 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The stock has a market capitalization of $225.31 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.35 and a beta of 1.04. The company has a fifty day moving average of $342.85 and a 200 day moving average of $326.18. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $19.70 billion. During the same quarter in the previous year, the company earned $4.08 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. 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 fiscal year.

American Express Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express’s dividend payout ratio is presently 23.06%.

Wall Street Analyst Weigh In

AXP has been the subject of several recent analyst reports. TD Cowen upped their target price on shares of American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a report on Tuesday, July 7th. Bank of America raised their price target on American Express from $387.00 to $391.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Piper Sandler boosted their price objective on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Loop Capital started coverage on American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded American Express from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, American Express currently has an average rating of “Moderate Buy” and a consensus 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.