JLB & Associates Inc. Takes $7.81 Million Position in American Express Company $AXP

JLB & Associates Inc. purchased a new stake in shares of American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 23,081 shares of the payment services company’s stock, valued at approximately $7,807,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Evolution Wealth Management Inc. lifted its holdings in shares of American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after acquiring an additional 66 shares during the period. Joseph Group Capital Management bought a new position in shares of American Express in the fourth quarter worth about $26,000. Sfam LLC bought a new position in shares of American Express in the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of American Express in the fourth quarter worth about $28,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in shares of American Express during the 4th quarter worth approximately $29,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Trading Up 0.4%

Shares of American Express stock traded up $1.38 on Wednesday, hitting $339.90. 2,538,525 shares of the company’s stock traded hands, compared to its average volume of 3,294,725. The company has a market capitalization of $229.54 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.38 and a beta of 1.04. American Express Company has a one year low of $290.97 and a one year high of $387.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The company has a fifty day moving average of $342.20 and a two-hundred day moving average of $327.04.

American Express (NYSE:AXP) last announced its quarterly earnings data 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. The company had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts expect that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were given a $0.95 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.1%. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a research note on Thursday, June 18th. HSBC boosted their price objective on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Morgan Stanley dropped their price target on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a research report on Monday, July 27th. JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and upped their price target for the company from $328.00 to $400.00 in a research note on Monday, July 13th. Finally, Bank of America upped their price target on shares of American Express from $387.00 to $391.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $373.32.

Key Headlines Impacting American Express

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

• Positive Sentiment: Expanded corporate payments capabilities: American Express is embedding virtual cards more deeply into its U.S. commercial-payment tools, including the @ Work platform and Conferma for business travel. The strategy could improve security, simplify expense management and increase customer retention, strengthening Amex’s competitive position in premium corporate payments. Is American Express’ Expanded Virtual Cards Strategy Deepening Its Corporate Moat in Premium Payments?
• Positive Sentiment: New St Andrews partnership: American Express became the official payments partner of St Andrews Links, expanding its sports and lifestyle marketing platform. The agreement may support international brand visibility, card-member engagement and premium travel-related spending, though the near-term financial impact is likely limited. American Express and St Andrews Links Trust Announce Partnership
• Positive Sentiment: Premium-card momentum and younger customers: A profile of CEO Steve Squeri highlights Amex’s success attracting millennials and Generation Z to high-fee products such as the Platinum card. Continued acceptance of premium annual fees would support spending growth, fee revenue and the company’s long-term brand positioning. The American Express CEO Defied Haters
• Neutral Sentiment: Upcoming investor presentation: Management will participate in the Barclays Global Financial Services Conference on September 16. Investors may receive updated commentary on spending trends, credit quality and 2026 guidance, but no new information was announced today. American Express to Participate in Barclays Global Financial Services Conference
• Neutral Sentiment: Limited indirect items: American Express is included among the holdings of US Financial 15 Split Corp., while Berkshire Hathaway’s portfolio is becoming more concentrated in Dow components. These developments offer little direct information about AXP’s fundamentals or valuation.

About American Express

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.