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

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

Several other institutional investors and hedge funds have also modified their holdings of the business. Evolution Wealth Management Inc. lifted its position in American Express by 6,600.0% during 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 in the last quarter. Joseph Group Capital Management bought a new stake in American Express during the 4th quarter worth about $26,000. Sfam LLC acquired a new stake in American Express in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of American Express in the fourth quarter worth about $28,000. Finally, Wilkerson Advisory Group LLC bought a new position in shares of American Express in the fourth quarter worth about $29,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Up 1.5%

Shares of NYSE AXP opened at $336.00 on Friday. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The firm’s 50-day moving average is $343.19 and its 200-day moving average is $326.83. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The firm 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 posted its quarterly 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 net margin of 15.07% and a return on equity of 34.12%. The business had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the previous year, the firm posted $4.08 earnings per share. American Express’s revenue for the quarter 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. Equities analysts expect that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express’s payout ratio is currently 23.06%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays increased their price target on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective for the company in a research report on Thursday, June 18th. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. UBS Group decreased their price objective on American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Finally, TD Cowen lifted their target price on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, American Express 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.