Trajan Wealth LLC Invests $22.93 Million in American Express Company $AXP

Trajan Wealth LLC acquired a new stake in shares of American Express Company (NYSE:AXP) during the second quarter, HoldingsChannel reports. The fund acquired 67,796 shares of the payment services company’s stock, valued at approximately $22,932,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. boosted its position in shares of 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 worth $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management bought a new stake in shares of American Express during the 4th quarter valued at $26,000. Sfam LLC purchased a new position in shares of American Express during the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express in the 4th quarter worth $28,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in American Express in the 4th quarter worth $29,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Stock Up 0.4%

Shares of NYSE:AXP opened at $337.38 on Tuesday. The company has a market cap of $227.84 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 1.36 and a beta of 1.04. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. 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 company has a 50-day moving average price of $343.23 and a 200 day moving average price of $326.56.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same period in the previous year, the firm posted $4.08 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts predict that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.95 per share. 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 payout ratio is currently 23.06%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Jefferies Financial Group upgraded American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Benchmark began coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating for the company. Barclays boosted their price target on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Morgan Stanley cut their price objective 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. Finally, Evercore set a $370.00 price objective on shares of American Express in a research report on Monday, July 27th. 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.