Dempze Nancy E Has $2.96 Million Position in American Express Company $AXP

Dempze Nancy E boosted its holdings in American Express Company (NYSE:AXPFree Report) by 22.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,789 shares of the payment services company’s stock after acquiring an additional 1,778 shares during the quarter. American Express accounts for about 1.6% of Dempze Nancy E’s investment portfolio, making the stock its 24th biggest position. Dempze Nancy E’s holdings in American Express were worth $2,961,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Entropy Technologies LP boosted its stake in American Express by 45.9% in the 1st quarter. Entropy Technologies LP now owns 58,158 shares of the payment services company’s stock valued at $17,592,000 after buying an additional 18,290 shares in the last quarter. Cannell & Spears LLC raised its stake in American Express by 4.2% during the first quarter. Cannell & Spears LLC now owns 7,426 shares of the payment services company’s stock worth $2,218,000 after acquiring an additional 297 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in American Express by 350.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,236,438 shares of the payment services company’s stock worth $373,998,000 after acquiring an additional 961,698 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of American Express during the first quarter valued at $166,630,000. Finally, Hilltop Holdings Inc. lifted its holdings in shares of American Express by 25.7% during the first quarter. Hilltop Holdings Inc. now owns 5,507 shares of the payment services company’s stock valued at $1,666,000 after acquiring an additional 1,127 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Trading Down 4.4%

Shares of NYSE AXP opened at $325.86 on Friday. American Express Company has a 1-year low of $288.34 and a 1-year high of $387.49. The company has a 50-day moving average of $332.50 and a two-hundred day moving average of $330.33. The company has a market cap of $222.34 billion, a PE ratio of 20.33, a P/E/G ratio of 1.37 and a beta of 1.04. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73.

American Express (NYSE:AXPGet Free Report) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. The business had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. American Express’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts expect that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

Analyst Ratings Changes

AXP has been the topic of several analyst reports. Guggenheim initiated coverage on shares of American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. Morgan Stanley raised shares of American Express from a “positive” rating to an “overweight” rating in a report on Monday, July 13th. Truist Financial boosted their price target on shares of American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. TD Cowen upped their price objective on shares of American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. Finally, Loop Capital assumed coverage on shares of American Express in a report on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $374.11.

Check Out Our Latest Stock Report on AXP

Key Headlines Impacting American Express

Here are the key news stories impacting American Express this week:

American Express Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for American Express (NYSE:AXP)

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