Canandaigua National Bank & Trust Co. Acquires Shares of 10,332 American Express Company $AXP

Canandaigua National Bank & Trust Co. bought a new stake in American Express Company (NYSE:AXP) during the second quarter, HoldingsChannel.com reports. The firm bought 10,332 shares of the payment services company’s stock, valued at approximately $3,495,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Keybank National Association OH increased its holdings in American Express by 3.0% in the 4th quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock worth $132,909,000 after purchasing an additional 10,495 shares in the last quarter. Swiss Life Asset Management Ltd boosted its stake in shares of American Express by 34.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock valued at $51,751,000 after purchasing an additional 35,533 shares in the last quarter. Country Trust Bank increased its stake in shares of American Express by 14.0% in the fourth quarter. Country Trust Bank now owns 121,774 shares of the payment services company’s stock valued at $45,050,000 after buying an additional 14,931 shares during the period. Peapack Gladstone Financial Corp boosted its position in American Express by 6.2% during the 4th quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock worth $24,416,000 after buying an additional 3,855 shares during the period. Finally, Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in American Express during the 4th quarter worth approximately $1,480,000. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AXP shares. Royal Bank Of Canada lowered shares of American Express from a “moderate buy” rating to a “hold” rating in a report on Monday, July 13th. Barclays upped their price target on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Benchmark began coverage on American Express in a research note on Monday, July 13th. They issued a “buy” rating on the stock. UBS Group reduced their target price on American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Guggenheim initiated coverage on shares of American Express in a research report on Monday, July 13th. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $372.84.

American Express Stock Performance

Shares of AXP opened at $347.20 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The firm’s fifty day simple moving average is $336.35 and its two-hundred day simple moving average is $328.39. American Express Company has a 12 month low of $290.63 and a 12 month high of $387.49. The stock has a market capitalization of $234.47 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 1.39 and a beta of 1.04.

American Express (NYSE:AXP) last posted its quarterly earnings data 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. The firm had revenue of $14.99 billion during the quarter, compared to analyst estimates of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the company posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be 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 is Thursday, July 2nd. American Express’s payout ratio is presently 23.06%.

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.