Callan Family Office LLC Invests $10.03 Million in American Express Company $AXP

Callan Family Office LLC purchased a new stake in American Express Company (NYSE:AXP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 29,646 shares of the payment services company’s stock, valued at approximately $10,028,000.

A number of other hedge funds have also modified their holdings of AXP. Evolution Wealth Management Inc. increased its stake in American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. Joseph Group Capital Management acquired a new stake in American Express in the fourth quarter worth $26,000. Sfam LLC bought a new position in shares of American Express during the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express in the 4th quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of American Express in the 3rd quarter valued at $28,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Up 1.5%

American Express stock opened at $336.00 on Friday. The company has a 50 day moving average of $343.19 and a 200-day moving average of $326.83. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The stock has a market capitalization of $226.90 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. The business had revenue of $19.64 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were paid a $0.95 dividend. 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%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. Piper Sandler lifted 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. Truist Financial boosted their target price on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. TD Cowen increased their price target on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a report on Tuesday, July 7th. Finally, The Goldman Sachs Group raised their price target on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. One research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $373.32.

American Express 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.