Citizens Financial Group Inc. RI Makes New $22.26 Million Investment in American Express Company $AXP

Citizens Financial Group Inc. RI acquired a new stake in American Express Company (NYSE:AXP) during the second quarter, according to its most recent filing with the SEC. The firm acquired 65,806 shares of the payment services company’s stock, valued at approximately $22,259,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Evolution Wealth Management Inc. boosted its holdings in American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 66 shares during the last quarter. Joseph Group Capital Management acquired a new position in American Express during the 4th quarter valued at about $26,000. Sfam LLC bought a new position in shares of American Express in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of American Express in the 4th quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of American Express during the 3rd quarter worth approximately $28,000. Institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AXP. BTIG Research dropped their price target on shares of American Express from $324.00 to $315.00 and set a “sell” rating for the company in a research note on Monday, July 27th. Loop Capital initiated coverage on shares of American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective on the stock. Royal Bank Of Canada cut shares of American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. TD Cowen increased their price target on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. Finally, Guggenheim assumed coverage on American Express in a research report on Monday, July 13th. They issued a “buy” rating on the stock. 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, American Express has an average rating of “Moderate Buy” and an average price target of $373.32.

American Express Stock Performance

Shares of NYSE:AXP opened at $336.50 on Tuesday. The firm’s 50 day simple moving average is $341.81 and its 200 day simple moving average is $327.17. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The company has a market capitalization of $227.24 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 1.38 and a beta of 1.04. 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 issued its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter in the previous year, the company earned $4.08 earnings per share. The business’s revenue for the quarter 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, sell-side analysts forecast 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 issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s payout ratio is 23.06%.

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.