12,817 Shares in American Express Company $AXP Purchased by Haverford Trust Co

Haverford Trust Co purchased a new stake in shares of American Express Company (NYSE:AXP) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,817 shares of the payment services company’s stock, valued at approximately $4,335,000.

Several other institutional investors have also added to or reduced their stakes in AXP. BlackRock Inc. purchased a new stake in shares of American Express during the 2nd quarter worth approximately $14,208,662,000. State Street Corp grew its holdings in shares of American Express by 1.3% in the fourth quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock valued at $10,900,528,000 after purchasing an additional 369,967 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of American Express by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock valued at $3,338,238,000 after purchasing an additional 141,936 shares in the last quarter. Bank of America Corp DE increased its position in American Express by 7.7% in the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock worth $2,904,218,000 after purchasing an additional 558,533 shares during the last quarter. Finally, Capital World Investors lifted its position in American Express by 46.7% during the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after purchasing an additional 2,393,340 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of American Express stock opened at $336.00 on Friday. The stock’s fifty day moving average is $343.19 and its two-hundred day moving average is $326.83. The company has a market capitalization of $226.90 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. 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 52 week low of $290.97 and a 52 week high of $387.49.

American Express (NYSE:AXP) last released 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. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same quarter last year, the firm posted $4.08 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts expect that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is currently 23.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. UBS Group reduced their price objective on American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. HSBC lifted their target price on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a report on Monday, July 13th. BTIG Research decreased their price target on American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a report on Monday, July 27th. Morgan Stanley lowered their price target on American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th. Finally, Truist Financial increased their target price on shares of American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, American Express has an average rating of “Moderate Buy” and an average price target of $373.32.

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.