Vaughan David Investments LLC IL Decreases Stake in American Express Company $AXP

Vaughan David Investments LLC IL lessened its holdings in shares of American Express Company (NYSE:AXP) by 3.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 229,860 shares of the payment services company’s stock after selling 8,614 shares during the period. American Express accounts for about 1.8% of Vaughan David Investments LLC IL’s portfolio, making the stock its 6th largest position. Vaughan David Investments LLC IL’s holdings in American Express were worth $85,037,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in American Express by 24.4% during the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after purchasing an additional 1,273 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in American Express by 13.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after purchasing an additional 200 shares during the last quarter. Schnieders Capital Management LLC. bought a new stake in American Express during the 2nd quarter worth about $428,000. Howland Capital Management LLC raised its holdings in American Express by 4.2% during the 2nd quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock worth $707,000 after purchasing an additional 90 shares during the last quarter. Finally, HUB Investment Partners LLC raised its holdings in American Express by 19.9% during the 2nd quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock worth $924,000 after purchasing an additional 481 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Trading Up 1.8%

NYSE:AXP opened at $318.95 on Friday. American Express Company has a 1-year low of $286.15 and a 1-year high of $387.49. The business’s 50-day moving average price is $315.36 and its two-hundred day moving average price is $336.06. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $217.63 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.27 and a beta of 1.06.

American Express (NYSE:AXP) last released its 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 return on equity of 33.95% and a net margin of 15.13%.The firm had revenue of $14.22 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same quarter in the prior year, the firm posted $3.64 earnings per share. The company’s quarterly 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 expect that American Express Company will post 17.59 earnings per share for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be paid a $0.95 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s dividend payout ratio is presently 23.71%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Barclays dropped their price objective on American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. BTIG Research reissued a “sell” rating and set a $285.00 price objective on shares of American Express in a report on Friday, April 24th. JPMorgan Chase & Co. dropped their price objective on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Royal Bank Of Canada set a $415.00 price objective on American Express in a report on Friday, April 10th. Finally, Evercore set a $345.00 price objective on American Express in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $359.05.

American Express 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.