American Express Company $AXP Shares Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. boosted its position in shares of American Express Company (NYSE:AXP) by 127.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,726 shares of the payment services company’s stock after purchasing an additional 1,526 shares during the quarter. Navellier & Associates Inc.’s holdings in American Express were worth $922,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BNP Paribas grew its stake in American Express by 50.0% in the 2nd quarter. BNP Paribas now owns 9,056 shares of the payment services company’s stock valued at $3,068,000 after acquiring an additional 3,017 shares during the last quarter. Field & Main Bank acquired a new position in American Express during the second quarter worth about $135,000. Archer Investment Corp acquired a new position in American Express during the second quarter worth about $25,000. Tilia Fiduciary Partners Inc. lifted its holdings in shares of American Express by 4.9% in the second quarter. Tilia Fiduciary Partners Inc. now owns 7,932 shares of the payment services company’s stock valued at $2,683,000 after purchasing an additional 370 shares in the last quarter. Finally, Kimelman & Baird LLC lifted its holdings in shares of American Express by 19.0% in the second quarter. Kimelman & Baird LLC now owns 11,055 shares of the payment services company’s stock valued at $3,739,000 after purchasing an additional 1,764 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

American Express stock opened at $333.64 on Friday. The firm 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. The stock has a fifty day moving average price of $342.85 and a 200 day moving average price of $326.18. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. The firm had revenue of $19.64 billion for 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 firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the company earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts anticipate that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AXP shares. Royal Bank Of Canada cut shares of American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. Benchmark started coverage on American Express in a report on Monday, July 13th. They set a “buy” rating on the stock. Loop Capital initiated coverage on American Express in a research report on Thursday, May 21st. They set a “buy” rating and a $389.00 price target for the company. Truist Financial boosted their price target on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Finally, Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, American Express presently has an average rating of “Moderate Buy” and a consensus target price 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.