Conway Capital Management Inc. Invests $1.23 Million in American Express Company $AXP

Conway Capital Management Inc. bought a new stake in shares of American Express Company (NYSE:AXP) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 3,625 shares of the payment services company’s stock, valued at approximately $1,226,000. American Express accounts for 0.5% of Conway Capital Management Inc.’s portfolio, making the stock its 26th largest position.

Other large investors also recently made changes to their positions in the company. Evolution Wealth Management Inc. increased its stake in American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after buying an additional 66 shares during the period. Joseph Group Capital Management bought a new position in American Express during the fourth quarter valued at about $26,000. Sfam LLC acquired a new stake in American Express in the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express in the fourth quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in American Express during the 3rd quarter worth $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AXP. Jefferies Financial Group upgraded American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $328.00 to $400.00 in a research note on Monday, July 13th. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. HSBC boosted their target price on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Finally, Truist Financial increased their price objective on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Price Performance

American Express stock opened at $336.50 on Tuesday. The firm has a market capitalization of $227.24 billion, a P/E ratio of 20.42, a PEG ratio of 1.38 and a beta of 1.04. The business has a 50-day moving average of $341.81 and a 200-day moving average of $327.17. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share 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 company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same period last year, the business posted $4.08 earnings per share. The business’s revenue for the quarter 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. On average, equities analysts anticipate that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

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

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.