American Express Company $AXP Shares Newly Purchased by Sawyer & Company Inc

Sawyer & Company Inc purchased a new position in shares of American Express Company (NYSE:AXP) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 9,572 shares of the payment services company’s stock, valued at approximately $2,911,000.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of American Express during the second quarter valued at approximately $14,208,662,000. State Street Corp boosted its position in shares of American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after buying an additional 11,739,541 shares during the last quarter. Bank of America Corp DE grew its holdings in American Express by 8.4% during the second quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock worth $2,695,702,000 after buying an additional 614,981 shares in the last quarter. Corient Private Wealth LP raised its position in American Express by 492.2% in the 2nd quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company’s stock valued at $1,613,890,000 after buying an additional 3,965,582 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in American Express in the 2nd quarter valued at $1,263,787,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Performance

Shares of AXP stock traded up $6.05 during trading hours on Wednesday, hitting $324.39. 947,975 shares of the company were exchanged, compared to its average volume of 3,227,157. 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 capitalization of $219.06 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 1.35 and a beta of 1.08. The firm has a fifty day simple moving average of $320.21 and a 200 day simple moving average of $325.70. 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 data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%. The business had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter in the prior year, the business earned $4.08 earnings per share. American Express’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. Research analysts predict that American Express Company will post 17.65 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be paid a $0.95 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. American Express’s payout ratio is presently 23.06%.

Analyst Ratings Changes

Several equities analysts have weighed in on AXP shares. Piper Sandler raised their price objective on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. President Capital upped their target price on shares of American Express from $359.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. lowered their target price on shares of American Express from $400.00 to $360.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Citigroup dropped their price target on shares of American Express from $355.00 to $340.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 30th. Finally, Guggenheim initiated coverage on shares of American Express in a report on Monday, July 13th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, American Express presently has an average rating of “Moderate Buy” and a consensus price target of $365.63.

American Express Company Profile

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.