Czech National Bank Purchases 5,632 Shares of American Express Company $AXP

Czech National Bank increased its position in American Express Company (NYSE:AXP) by 3.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 151,489 shares of the payment services company’s stock after buying an additional 5,632 shares during the period. Czech National Bank’s holdings in American Express were worth $51,241,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. raised its holdings in shares of American Express by 6,600.0% during the 4th 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 in the last quarter. Joseph Group Capital Management acquired a new position in American Express during the fourth quarter worth $26,000. Sfam LLC bought a new position in American Express during the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express in the fourth quarter worth about $28,000. Finally, Wilkerson Advisory Group LLC bought a new stake in shares of American Express during the 4th quarter worth about $29,000. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

American Express stock opened at $342.86 on Friday. The firm has a market capitalization of $231.54 billion, a P/E ratio of 20.80, a P/E/G ratio of 1.41 and a beta of 1.04. The stock has a fifty day moving average price of $337.63 and a two-hundred day moving average price of $328.17. American Express Company has a 52-week low of $290.63 and a 52-week high of $387.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) 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 company 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 business earned $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. As a group, analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is 23.06%.

Wall Street Analyst Weigh In

AXP has been the topic of several analyst reports. Guggenheim began coverage on American Express in a report on Monday, July 13th. They set a “buy” rating on the stock. Jefferies Financial Group upgraded American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Truist Financial lifted their price target on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. The Goldman Sachs Group lifted their target price on shares of American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Barclays increased their price target on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $372.84.

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.