Pinnacle Holdings LLC Acquires Shares of 9,599 American Express Company $AXP

Pinnacle Holdings LLC bought a new position in American Express Company (NYSE:AXP) in the second quarter, Holdings Channel reports. The firm bought 9,599 shares of the payment services company’s stock, valued at approximately $3,247,000.

Other hedge funds have also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of American Express during the 2nd quarter valued at $331,213,000. LM Advisors LLC purchased a new stake in American Express in the 2nd quarter worth about $819,000. Haverford Trust Co bought a new stake in American Express in the 2nd quarter valued at about $4,335,000. Clear Harbor Asset Management LLC purchased a new stake in American Express during the second quarter valued at about $1,348,000. Finally, S&G Foundation purchased a new stake in American Express during the second quarter valued at about $216,852,000. 84.33% of the stock is currently owned by institutional investors.

American Express Price Performance

Shares of American Express stock opened at $336.00 on Monday. The business has a 50 day moving average of $343.19 and a 200 day moving average of $326.65. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The company has a market cap of $226.90 billion, a PE ratio of 20.39, a P/E/G ratio of 1.36 and a beta of 1.04.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. The firm had revenue of $19.64 billion during the quarter, compared to analyst estimates 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 was up 10.0% compared to the same quarter last year. 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. As a group, equities research analysts forecast that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AXP. 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 note on Thursday, June 18th. Benchmark assumed coverage on American Express in a report on Monday, July 13th. They set a “buy” rating for the company. Barclays raised their price objective on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Bank of America upped their target price on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Morgan Stanley lowered their target price on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.