Hendley & Co. Inc. Acquires 4,455 Shares of American Express Company $AXP

Hendley & Co. Inc. lifted its holdings in shares of American Express Company (NYSE:AXP) by 408.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 5,545 shares of the payment services company’s stock after buying an additional 4,455 shares during the period. Hendley & Co. Inc.’s holdings in American Express were worth $1,677,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AXP. Trajan Wealth LLC boosted its stake in shares of American Express by 30.9% during the 3rd quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock worth $8,271,000 after acquiring an additional 5,881 shares during the period. Hillsdale Investment Management Inc. raised its stake in American Express by 218.7% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 8,540 shares of the payment services company’s stock valued at $2,837,000 after acquiring an additional 5,860 shares during the period. Sumitomo Mitsui Financial Group Inc. lifted its holdings in American Express by 11.7% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 82,863 shares of the payment services company’s stock valued at $27,524,000 after purchasing an additional 8,651 shares during the last quarter. Parr Mcknight Wealth Management Group LLC lifted its holdings in American Express by 1,243.9% during the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 13,775 shares of the payment services company’s stock valued at $4,576,000 after purchasing an additional 12,750 shares during the last quarter. Finally, Hudson Bay Capital Management LP boosted its position in American Express by 159.5% during the third quarter. Hudson Bay Capital Management LP now owns 31,611 shares of the payment services company’s stock worth $10,500,000 after purchasing an additional 19,429 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Stock Down 0.1%

NYSE AXP opened at $337.66 on Tuesday. 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 1-year low of $288.34 and a 1-year high of $387.49. The company has a 50 day moving average of $319.54 and a 200-day moving average of $334.82. The company has a market cap of $230.40 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.39 and a beta of 1.06.

American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 $14.21 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter in the prior year, the business posted $3.64 earnings per share. The firm’s quarterly 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. On average, equities research analysts expect that American Express Company will post 17.64 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio is presently 23.71%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Truist Financial reduced their target price on shares of American Express from $400.00 to $360.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Evercore set a $345.00 price target on shares of American Express in a report on Wednesday, April 29th. Finally, Bank of America raised their price objective on shares of American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve 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 “Hold” and a consensus target price of $360.80.

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.