Community Financial Services Group LLC Sells 2,882 Shares of American Express Company $AXP

Community Financial Services Group LLC decreased its stake in shares of American Express Company (NYSE:AXP) by 14.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 17,652 shares of the payment services company’s stock after selling 2,882 shares during the period. Community Financial Services Group LLC’s holdings in American Express were worth $6,143,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Keybank National Association OH increased its position in American Express by 3.0% in the fourth quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock worth $132,909,000 after purchasing an additional 10,495 shares during the period. Swiss Life Asset Management Ltd lifted its position in American Express by 34.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock valued at $51,751,000 after purchasing an additional 35,533 shares during the period. Peapack Gladstone Financial Corp lifted its position in American Express by 6.2% during the 4th quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock valued at $24,416,000 after purchasing an additional 3,855 shares during the period. Sumitomo Mitsui Financial Group Inc. boosted its stake in shares of American Express by 4.8% in the 4th quarter. Sumitomo Mitsui Financial Group Inc. now owns 86,871 shares of the payment services company’s stock valued at $32,138,000 after purchasing an additional 4,008 shares during the last quarter. Finally, NewEdge Wealth LLC boosted its stake in shares of American Express by 52.5% in the 4th quarter. NewEdge Wealth LLC now owns 39,558 shares of the payment services company’s stock valued at $14,635,000 after purchasing an additional 13,619 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Trading Down 0.7%

AXP opened at $338.54 on Tuesday. The firm’s fifty day moving average is $338.61 and its two-hundred day moving average is $327.91. The firm has a market cap of $228.62 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 1.37 and a beta of 1.04. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The business had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts anticipate that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AXP. Guggenheim initiated coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating for the company. Jefferies Financial Group raised shares of American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a research note on Thursday, June 18th. Piper Sandler lowered American Express from an “overweight” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $372.84.

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.