Clearstead Trust LLC Invests $602,000 in American Express Company $AXP

Clearstead Trust LLC acquired a new position in shares of American Express Company (NYSE:AXP) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,779 shares of the payment services company’s stock, valued at approximately $602,000.

Several other hedge funds have also modified their holdings of AXP. 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 worth $25,000 after acquiring an additional 66 shares in the last quarter. Joseph Group Capital Management bought a new position in shares of American Express during the 4th quarter valued at 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 bought a new position in shares of American Express during the 4th quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of American Express during the 3rd quarter valued at approximately $28,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Trading Up 0.4%

Shares of NYSE AXP traded up $1.38 during mid-day trading on Wednesday, reaching $339.90. The company had a trading volume of 2,538,525 shares, compared to its average volume of 3,294,725. The business’s 50-day moving average is $342.20 and its 200-day moving average is $327.04. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The stock has a market cap of $229.54 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.38 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.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. The firm had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts expect that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

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

Key Stories Impacting American Express

Here are the key news stories impacting American Express this week:

• Positive Sentiment: Expanded corporate payments capabilities: American Express is embedding virtual cards more deeply into its U.S. commercial-payment tools, including the @ Work platform and Conferma for business travel. The strategy could improve security, simplify expense management and increase customer retention, strengthening Amex’s competitive position in premium corporate payments. Is American Express’ Expanded Virtual Cards Strategy Deepening Its Corporate Moat in Premium Payments?
• Positive Sentiment: New St Andrews partnership: American Express became the official payments partner of St Andrews Links, expanding its sports and lifestyle marketing platform. The agreement may support international brand visibility, card-member engagement and premium travel-related spending, though the near-term financial impact is likely limited. American Express and St Andrews Links Trust Announce Partnership
• Positive Sentiment: Premium-card momentum and younger customers: A profile of CEO Steve Squeri highlights Amex’s success attracting millennials and Generation Z to high-fee products such as the Platinum card. Continued acceptance of premium annual fees would support spending growth, fee revenue and the company’s long-term brand positioning. The American Express CEO Defied Haters
• Neutral Sentiment: Upcoming investor presentation: Management will participate in the Barclays Global Financial Services Conference on September 16. Investors may receive updated commentary on spending trends, credit quality and 2026 guidance, but no new information was announced today. American Express to Participate in Barclays Global Financial Services Conference
• Neutral Sentiment: Limited indirect items: American Express is included among the holdings of US Financial 15 Split Corp., while Berkshire Hathaway’s portfolio is becoming more concentrated in Dow components. These developments offer little direct information about AXP’s fundamentals or valuation.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AXP. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research report on Thursday, June 18th. JPMorgan Chase & Co. raised American Express from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $328.00 to $400.00 in a research report on Monday, July 13th. Morgan Stanley cut their target price on American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a research report on Monday, July 27th. Finally, Truist Financial boosted their target price on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, American Express currently has an average rating of “Moderate Buy” and a consensus price target of $373.32.

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.