HS Management Partners LLC Purchases Shares of 45,119 American Express Company $AXP

HS Management Partners LLC acquired a new position in American Express Company (NYSE:AXP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 45,119 shares of the payment services company’s stock, valued at approximately $15,262,000. American Express comprises 5.2% of HS Management Partners LLC’s investment portfolio, making the stock its 5th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Evolution Wealth Management Inc. increased its holdings in American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after buying an additional 66 shares during the period. Joseph Group Capital Management acquired a new stake in American Express during the 4th quarter valued at approximately $26,000. Sfam LLC acquired a new stake in American Express during the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of American Express in the 4th quarter valued at $28,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in shares of American Express in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

AXP opened at $338.10 on Wednesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The firm has a fifty day moving average price of $342.20 and a 200 day moving average price of $327.04. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The stock has a market cap of $228.32 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.38 and a beta of 1.04.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. The firm had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior 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 anticipate that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The company also recently announced 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. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express’s dividend payout ratio is presently 23.06%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AXP shares. Morgan Stanley reduced their target price on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a report on Monday, July 27th. HSBC upped their price target on shares of American Express from $312.00 to $329.00 and gave the company a “hold” rating in a report on Monday, July 13th. Benchmark started 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 report on Monday, July 13th. Finally, Guggenheim began coverage on American Express in a research note on Monday, July 13th. They issued a “buy” rating on the stock. One investment 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’s stock. According to data from MarketBeat.com, American Express currently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

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.