Texas Capital Bank Wealth Management Services Inc Invests $1.78 Million in American Express Company $AXP

Texas Capital Bank Wealth Management Services Inc acquired a new stake in American Express Company (NYSE:AXP) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,265 shares of the payment services company’s stock, valued at approximately $1,781,000.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. bought a new stake in American Express during the 2nd quarter worth about $14,208,662,000. State Street Corp boosted its stake in shares of American Express by 1.3% during the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock worth $10,900,528,000 after buying an additional 369,967 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of American Express by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock valued at $3,338,238,000 after acquiring an additional 141,936 shares in the last quarter. Bank of America Corp DE increased its position in shares of American Express by 7.7% in the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock valued at $2,904,218,000 after acquiring an additional 558,533 shares during the last quarter. Finally, Capital World Investors increased its position in shares of American Express by 46.7% in the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after acquiring an additional 2,393,340 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Stock Down 1.7%

Shares of AXP stock opened at $336.50 on Tuesday. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The stock has a market cap of $227.24 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.38 and a beta of 1.04. The firm’s 50-day moving average is $341.81 and its 200-day moving average is $327.17. 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 posted its quarterly 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. The business had revenue of $14.99 billion during 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%.American Express’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were paid 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 currently 23.06%.

Wall Street Analyst Weigh In

AXP has been the subject of several recent research reports. Morgan Stanley reduced their price target on American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th. Guggenheim assumed coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. Benchmark assumed coverage on American Express in a research note on Monday, July 13th. They set a “buy” rating on the stock. The Goldman Sachs Group increased their price objective on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Jefferies Financial Group raised shares of American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.