Flputnam Investment Management Co. Increases Stock Holdings in American Express Company $AXP

Flputnam Investment Management Co. lifted its stake in shares of American Express Company (NYSE:AXP) by 95.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,076 shares of the payment services company’s stock after buying an additional 18,629 shares during the quarter. Flputnam Investment Management Co.’s holdings in American Express were worth $12,879,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Total Clarity Wealth Management Inc. lifted its position in American Express by 3.4% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock valued at $323,000 after acquiring an additional 29 shares during the last quarter. Dover Advisors LLC increased its position in shares of American Express by 0.4% during the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock worth $2,951,000 after purchasing an additional 29 shares in the last quarter. Invenio Wealth Partners LLC lifted its holdings in shares of American Express by 3.9% in the 3rd quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock valued at $258,000 after purchasing an additional 29 shares during the last quarter. Strait & Sound Wealth Management LLC lifted its holdings in shares of American Express by 2.7% in the 4th quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company’s stock valued at $421,000 after purchasing an additional 30 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its stake in American Express by 3.6% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company’s stock worth $263,000 after buying an additional 30 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Stock Performance

NYSE AXP opened at $333.64 on Friday. The business has a 50 day moving average price of $342.85 and a 200 day moving average price of $326.18. The company has a market capitalization of $225.31 billion, a P/E ratio of 20.25, a PEG ratio of 1.35 and a beta of 1.04. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $19.70 billion. During the same period in the previous year, the business earned $4.08 earnings per share. American Express’s quarterly revenue 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. Sell-side analysts expect that American Express Company will post 17.67 EPS for the current fiscal 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 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is 23.06%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AXP. Guggenheim began coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating for the company. Royal Bank Of Canada lowered American Express from a “moderate buy” rating to a “hold” rating in a report on Monday, July 13th. BTIG Research reduced their price objective on American Express from $324.00 to $315.00 and set a “sell” rating for the company in a research note on Monday, July 27th. HSBC increased their price objective on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Finally, Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. One equities research 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.

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.