Texas Capital Bank Wealth Management Services Inc Buys 4,615 Shares of American Express Company $AXP

Texas Capital Bank Wealth Management Services Inc increased its stake in American Express Company (NYSE:AXP) by 426.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,698 shares of the payment services company’s stock after acquiring an additional 4,615 shares during the period. Texas Capital Bank Wealth Management Services Inc’s holdings in American Express were worth $2,108,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Valley Wealth Managers Inc. lifted its stake in shares of American Express by 153.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 46 shares during the last quarter. Joseph Group Capital Management bought a new position in American Express during the 4th quarter valued at approximately $26,000. Guerra Advisors Inc bought a new position in American Express during the 3rd quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC bought a new position in American Express during the 3rd quarter valued at approximately $28,000. Finally, Torren Management LLC bought a new position in American Express during the 4th quarter valued at approximately $32,000. Institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group reaffirmed a “neutral” rating and set a $395.00 price target on shares of American Express in a research report on Wednesday, February 4th. Bank of America upped their price target on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Morgan Stanley lowered their price target on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. BTIG Research reaffirmed a “sell” rating and set a $285.00 price target on shares of American Express in a research report on Friday, April 24th. Finally, Truist Financial lowered their price target on American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, American Express has an average rating of “Hold” and a consensus price target of $359.05.

American Express Stock Performance

Shares of AXP opened at $312.67 on Thursday. The business’s fifty day simple moving average is $312.07 and its two-hundred day simple moving average is $339.44. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. American Express Company has a 12 month low of $286.15 and a 12 month high of $387.49. The company has a market cap of $213.34 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.26 and a beta of 1.08.

American Express (NYSE:AXP) last issued its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating the consensus estimate of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same period last year, the business posted $3.64 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts anticipate that American Express Company will post 17.59 earnings per share for the current fiscal year.

American Express Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 3rd were paid a dividend of $0.95 per share. The ex-dividend date was Thursday, April 2nd. This represents a $3.80 annualized dividend and a yield of 1.2%. This is a positive change from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio (DPR) is 23.71%.

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.