39,902 Shares in American Express Company $AXP Purchased by M. Kulyk & Associates LLC

M. Kulyk & Associates LLC acquired a new position in shares of American Express Company (NYSE:AXP) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 39,902 shares of the payment services company’s stock, valued at approximately $13,497,000. American Express makes up approximately 2.2% of M. Kulyk & Associates LLC’s holdings, making the stock its 10th largest position.

Several other hedge funds have also recently bought and sold shares of the company. Evolution Wealth Management Inc. raised its position in shares of 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 in the last quarter. Joseph Group Capital Management acquired a new stake in shares of American Express during the 4th quarter worth approximately $26,000. Sfam LLC bought a new position in American Express in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express in the fourth quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in American Express during the third quarter valued at approximately $28,000. 84.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Jefferies Financial Group upgraded American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Truist Financial boosted their price target on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. JPMorgan Chase & Co. upgraded American Express from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. Guggenheim initiated coverage on American Express in a research note on Monday, July 13th. They issued a “buy” rating on the stock. Finally, HSBC lifted their target price on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, American Express has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.

American Express Stock Performance

NYSE AXP opened at $338.10 on Wednesday. The firm’s fifty day moving average price is $342.20 and its two-hundred day moving average price is $327.04. The stock has a market cap of $228.32 billion, a PE ratio of 20.52, a PEG ratio of 1.38 and a beta of 1.04. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. 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, beating analysts’ consensus estimates of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same period in the prior year, the company earned $4.08 EPS. American Express’s 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. On average, equities analysts expect that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a $0.95 dividend. 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.