Trajan Wealth LLC Takes Position in American Express Company $AXP

Trajan Wealth LLC purchased a new position in American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 67,796 shares of the payment services company’s stock, valued at approximately $22,932,000.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in American Express during the 2nd quarter valued at about $14,208,662,000. Norges Bank bought a new position in shares of American Express in the fourth quarter worth approximately $2,464,215,000. Bank of New York Mellon Corp purchased a new stake in shares of American Express during the second quarter valued at approximately $1,263,787,000. Deutsche Bank AG purchased a new stake in shares of American Express during the second quarter valued at approximately $927,950,000. Finally, Capital World Investors increased its position 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 valued at $2,780,424,000 after acquiring an additional 2,393,340 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

AXP stock opened at $337.38 on Tuesday. The company has a market cap of $227.84 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 1.36 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. The stock’s fifty day moving average price is $343.23 and its 200-day moving average price is $326.56.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The company had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.American Express’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts forecast that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Piper Sandler upped their price objective on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Barclays boosted their price target on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. HSBC increased their price objective on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research report on Monday, July 13th. Finally, Guggenheim began coverage on American Express in a research report on Monday, July 13th. They issued a “buy” rating for the company. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.