S&G Foundation Takes $216.85 Million Position in American Express Company $AXP

S&G Foundation bought a new position in American Express Company (NYSE:AXP) during the 2nd quarter, Holdings Channel reports. The fund bought 641,100 shares of the payment services company’s stock, valued at approximately $216,852,000. American Express accounts for about 10.1% of S&G Foundation’s portfolio, making the stock its 3rd biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. increased its stake in American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after acquiring an additional 66 shares during the last quarter. Joseph Group Capital Management purchased a new stake in shares of American Express during the 4th quarter worth approximately $26,000. Sfam LLC bought a new position in shares of American Express during the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of American Express in the fourth quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of American Express in the third quarter valued at $28,000. 84.33% of the stock is owned by institutional investors.

American Express Stock Up 1.5%

NYSE AXP opened at $336.00 on Friday. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The firm has a market capitalization of $226.90 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.36 and a beta of 1.04. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The company has a fifty day moving average of $343.19 and a two-hundred 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 EPS for the quarter, beating 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 company had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the prior year, the firm posted $4.08 EPS. The firm’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. On average, analysts predict that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s dividend payout ratio is presently 23.06%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. BTIG Research decreased their price target on shares of American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research note on Monday, July 27th. TD Cowen lifted their price objective on shares of American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. UBS Group decreased their target price on shares of American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Finally, Truist Financial lifted their price target on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $373.32.

American Express 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.