24,582 Shares in American Express Company $AXP Acquired by Trust Co. of Vermont

Trust Co. of Vermont bought a new position in American Express Company (NYSE:AXP) in the second quarter, Holdings Channel reports. The institutional investor bought 24,582 shares of the payment services company’s stock, valued at approximately $8,315,000.

Other institutional investors have also modified their holdings of the company. Evolution Wealth Management Inc. grew 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 valued at $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management acquired a new stake in American Express during the fourth quarter worth about $26,000. Sfam LLC purchased a new position in American Express during the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express in the 4th quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in American Express in the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Barclays upped their price objective on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Guggenheim initiated coverage on American Express in a research note on Monday, July 13th. They set a “buy” rating for the company. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, BTIG Research decreased their price target on American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $373.32.

American Express Stock Performance

Shares of AXP opened at $336.50 on Tuesday. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The stock has a market capitalization of $227.24 billion, a PE ratio of 20.42, 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. The stock has a 50-day simple moving average of $341.81 and a 200-day simple moving average of $327.17.

American Express (NYSE:AXP) last released its 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 prior year, the firm earned $4.08 earnings per share. The business’s quarterly 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, analysts predict that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) 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.