American Express Company $AXP Shares Acquired by Fulton Bank N.A.

Fulton Bank N.A. grew its position in shares of American Express Company (NYSE:AXP) by 15.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,461 shares of the payment services company’s stock after purchasing an additional 1,569 shares during the quarter. Fulton Bank N.A.’s holdings in American Express were worth $3,877,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AXP. Evolution Wealth Management Inc. increased its holdings in 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 valued at $25,000 after buying an additional 66 shares in the last quarter. Joseph Group Capital Management purchased a new stake in shares of American Express during the 4th quarter worth about $26,000. Sfam LLC acquired a new stake in shares of American Express during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express during the 4th quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of American Express in the 3rd quarter valued at about $28,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Stock Performance

NYSE:AXP opened at $338.54 on Tuesday. The company’s 50-day moving average price is $338.61 and its 200-day moving average price is $327.91. 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 company has a market cap of $228.62 billion, a P/E ratio of 20.54, a P/E/G ratio of 1.37 and a beta of 1.04. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping analysts’ consensus estimates 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 $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same period in the previous year, the business posted $4.08 earnings per share. American Express’s quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts forecast that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AXP. Truist Financial upped 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. HSBC boosted their price objective on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research report on Monday, July 13th. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price target for the company in a report on Thursday, June 18th. Royal Bank Of Canada cut shares of American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Morgan Stanley dropped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $372.84.

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.