Emerald Investment Advisers LLC Invests $6.35 Million in American Express Company $AXP

Emerald Investment Advisers LLC bought a new stake in American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,785 shares of the payment services company’s stock, valued at approximately $6,354,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in American Express during the 2nd quarter valued at $14,208,662,000. Norges Bank acquired a new position in American Express in the fourth quarter worth $2,464,215,000. Bank of New York Mellon Corp bought a new stake in shares of American Express during the second quarter worth $1,263,787,000. Deutsche Bank AG bought a new stake in shares of American Express during the second quarter worth $927,950,000. Finally, Capital World Investors increased its stake in shares of American Express by 46.7% in the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after buying an additional 2,393,340 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AXP shares. The Goldman Sachs Group lifted their price target on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a report on Thursday, June 18th. Morgan Stanley lowered their price objective on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th. Benchmark assumed coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. Finally, Piper Sandler upped their target price on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. 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 given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $373.32.

American Express Stock Up 1.5%

NYSE AXP opened at $336.00 on Friday. The stock has a market capitalization of $226.90 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. American Express Company has a 52 week low of $290.97 and a 52 week 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 stock has a fifty day moving average of $343.19 and a 200-day moving average of $326.83.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.12. The business had revenue of $19.64 billion for 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 firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts forecast that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The company also recently disclosed 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. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express’s payout ratio is currently 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.