Cullinan Associates Inc. Sells 1,744 Shares of American Express Company $AXP

Cullinan Associates Inc. decreased its stake in shares of American Express Company (NYSE:AXP) by 4.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 38,796 shares of the payment services company’s stock after selling 1,744 shares during the period. American Express makes up 1.0% of Cullinan Associates Inc.’s holdings, making the stock its 26th biggest holding. Cullinan Associates Inc.’s holdings in American Express were worth $13,123,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AXP. Total Clarity Wealth Management Inc. raised its stake in shares of American Express by 3.4% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock worth $323,000 after acquiring an additional 29 shares during the last quarter. Dover Advisors LLC grew its stake in shares of American Express by 0.4% during the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock valued at $2,951,000 after purchasing an additional 29 shares during the last quarter. Invenio Wealth Partners LLC increased its holdings in shares of American Express by 3.9% in the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock valued at $258,000 after purchasing an additional 29 shares in the last quarter. Strait & Sound Wealth Management LLC increased its holdings in shares of American Express by 2.7% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company’s stock valued at $421,000 after purchasing an additional 30 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC lifted its holdings in American Express by 3.6% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company’s stock worth $263,000 after buying an additional 30 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley lowered their target price on American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a research note on Monday, July 27th. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Guggenheim started coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. Royal Bank Of Canada lowered American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Loop Capital started coverage on American Express in a report on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective for the company. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Price Performance

AXP opened at $333.64 on Friday. The company has a fifty day moving average price of $342.85 and a two-hundred day moving average price of $326.18. The firm has a market capitalization of $225.31 billion, a PE ratio of 20.25, a P/E/G ratio of 1.35 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.

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, beating analysts’ consensus estimates of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter in the prior year, the business posted $4.08 EPS. The firm’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. As a group, analysts anticipate that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

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

American Express Company 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.