Navellier & Associates Inc. Boosts Stake in American Express Company $AXP

Navellier & Associates Inc. raised its holdings in shares of American Express Company (NYSE:AXP) by 127.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,726 shares of the payment services company’s stock after purchasing an additional 1,526 shares during the quarter. Navellier & Associates Inc.’s holdings in American Express were worth $922,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AXP. BNP Paribas raised its stake in American Express by 50.0% during the second quarter. BNP Paribas now owns 9,056 shares of the payment services company’s stock valued at $3,068,000 after buying an additional 3,017 shares in the last quarter. Field & Main Bank bought a new stake in American Express in the second quarter valued at $135,000. Archer Investment Corp bought a new stake in American Express in the 2nd quarter valued at about $25,000. Tilia Fiduciary Partners Inc. raised its holdings in shares of American Express by 4.9% during the second quarter. Tilia Fiduciary Partners Inc. now owns 7,932 shares of the payment services company’s stock valued at $2,683,000 after buying an additional 370 shares during the last quarter. Finally, Kimelman & Baird LLC boosted its position in American Express by 19.0% during the 2nd quarter. Kimelman & Baird LLC now owns 11,055 shares of the payment services company’s stock worth $3,739,000 after acquiring an additional 1,764 shares during the period. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. TD Cowen upped their price target on shares of American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. upgraded American Express from a “neutral” rating to an “overweight” rating and increased their price target for the company from $328.00 to $400.00 in a research report on Monday, July 13th. Benchmark assumed coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating for the company. Barclays raised their target price on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Finally, Evercore set a $370.00 target price on shares of American Express in a research report on Monday, July 27th. One equities 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Stock Down 0.2%

Shares of American Express stock opened at $333.64 on Friday. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The company has a market cap of $225.31 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.35 and a beta of 1.04. 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 stock has a 50-day moving average price of $342.85 and a 200 day moving average price of $326.18.

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, beating the consensus estimate of $4.41 by $0.12. The company had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.08 EPS. 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 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors 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 dividend on an annualized basis and a yield of 1.1%. American Express’s payout ratio is presently 23.06%.

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.