Texas Capital Bank Wealth Management Services Inc Acquires Shares of 5,265 American Express Company $AXP

Texas Capital Bank Wealth Management Services Inc acquired a new stake in American Express Company (NYSE:AXP) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 5,265 shares of the payment services company’s stock, valued at approximately $1,781,000.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in American Express during the second quarter worth approximately $14,208,662,000. State Street Corp boosted its holdings in shares of American Express by 1.3% during the fourth quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock worth $10,900,528,000 after acquiring an additional 369,967 shares during the period. Fisher Asset Management LLC grew its position in shares of American Express by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock valued at $3,338,238,000 after purchasing an additional 141,936 shares during the last quarter. Bank of America Corp DE grew its position in shares of American Express by 7.7% in the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock valued at $2,904,218,000 after purchasing an additional 558,533 shares during the last quarter. Finally, Capital World Investors increased its stake in shares of American Express by 46.7% during the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after purchasing an additional 2,393,340 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AXP shares. BTIG Research dropped their price target on American Express from $324.00 to $315.00 and set a “sell” rating for the company in a report on Monday, July 27th. UBS Group decreased their price objective on American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Royal Bank Of Canada cut American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Bank of America lifted their target price on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Jefferies Financial Group raised shares of American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. One research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $373.32.

American Express Stock Down 1.7%

Shares of AXP opened at $336.50 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The firm’s 50 day moving average is $341.81 and its 200-day moving average is $327.17. The stock has a market capitalization of $227.24 billion, a PE ratio of 20.42, a P/E/G ratio of 1.38 and a beta of 1.04.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.12. The business had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts forecast that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders 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 yield of 1.1%. American Express’s payout ratio is currently 23.06%.

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.