3,041 Shares in American Express Company $AXP Purchased by L2 Asset Management LLC

L2 Asset Management LLC acquired a new position in American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,041 shares of the payment services company’s stock, valued at approximately $1,029,000.

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

Analyst Ratings Changes

A number of research firms have weighed in on AXP. Royal Bank Of Canada lowered American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. BTIG Research cut their price target on shares of American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a report on Monday, July 27th. UBS Group reduced their price target on shares of American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Finally, Evercore set a $370.00 price objective on shares of American Express in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Trading Up 0.4%

NYSE AXP opened at $337.38 on Tuesday. 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 quick ratio of 1.54 and a current ratio of 1.55. The company has a market capitalization of $227.84 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. The company’s 50-day simple moving average is $343.23 and its two-hundred day simple moving average is $326.56.

American Express (NYSE:AXP) last announced its quarterly 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 firm had revenue of $19.64 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter in the prior year, the company earned $4.08 EPS. The company’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. Equities analysts forecast that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.95 per share. The ex-dividend date was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express’s dividend payout ratio is currently 23.06%.

American Express Company 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.