Hendley & Co. Inc. Has $1.68 Million Stock Holdings in American Express Company $AXP

Hendley & Co. Inc. increased its position in American Express Company (NYSE:AXP) by 408.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,545 shares of the payment services company’s stock after purchasing an additional 4,455 shares during the quarter. Hendley & Co. Inc.’s holdings in American Express were worth $1,677,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AXP. Norges Bank bought a new position in shares of American Express in the 4th quarter valued at about $2,464,215,000. Capital World Investors raised its stake in shares of American Express by 46.7% during the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after buying an additional 2,393,340 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in American Express by 27.0% in the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock valued at $1,310,515,000 after buying an additional 845,283 shares during the period. Bank of America Corp DE lifted its holdings in 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 buying an additional 558,533 shares during the period. Finally, Amundi boosted its stake in American Express by 23.9% in the third quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock valued at $925,449,000 after acquiring an additional 537,205 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on AXP. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a report on Thursday, June 18th. Wells Fargo & Company reduced their price target on American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Bank of America lifted their price objective on American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. BTIG Research reissued a “sell” rating and issued a $285.00 target price on shares of American Express in a research note on Tuesday, June 16th. Finally, Weiss Ratings cut American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $360.80.

American Express Stock Down 0.1%

AXP stock opened at $337.66 on Tuesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The stock has a market capitalization of $230.40 billion, a P/E ratio of 21.06, a P/E/G ratio of 1.39 and a beta of 1.06. The business has a 50-day moving average of $319.54 and a 200-day moving average of $334.82. American Express Company has a fifty-two week low of $288.34 and a fifty-two week high of $387.49.

American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same period last year, the company earned $3.64 earnings per share. American Express’s quarterly revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts anticipate that American Express Company will post 17.64 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be 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 of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is currently 23.71%.

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.