Rayburn West Financial Services LLC Invests $6.65 Million in American Express Company $AXP

Rayburn West Financial Services LLC bought a new stake in American Express Company (NYSE:AXP) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,651 shares of the payment services company’s stock, valued at approximately $6,647,000. American Express accounts for about 3.7% of Rayburn West Financial Services LLC’s portfolio, making the stock its 7th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in AXP. Brighton Jones LLC grew its stake in shares of American Express by 24.4% in the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after purchasing an additional 1,273 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of American Express by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock valued at $554,000 after purchasing an additional 200 shares in the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of American Express during the second quarter valued at about $428,000. Howland Capital Management LLC lifted its holdings in American Express by 4.2% in the second quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock worth $707,000 after purchasing an additional 90 shares during the period. Finally, HUB Investment Partners LLC lifted its holdings in American Express by 19.9% in the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock worth $924,000 after purchasing an additional 481 shares during the period. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Benchmark assumed coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating on the stock. Piper Sandler boosted their target price on American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Guggenheim assumed coverage on American Express in a research note on Monday, July 13th. They set a “buy” rating for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. Finally, TD Cowen upped their price objective on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $373.32.

American Express Stock Up 0.6%

AXP stock opened at $338.10 on Wednesday. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The firm has a market cap of $228.32 billion, a PE ratio of 20.52, a P/E/G ratio of 1.38 and a beta of 1.04. The firm has a 50 day simple moving average of $342.20 and a 200 day simple moving average of $327.04. 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 earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. The firm had revenue of $14.99 billion during 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 firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm 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 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were paid a dividend of $0.95 per share. 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 dividend payout ratio (DPR) is currently 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.