Vaughan David Investments LLC IL Sells 8,614 Shares of American Express Company $AXP

Vaughan David Investments LLC IL lowered its holdings in shares of American Express Company (NYSE:AXP) by 3.6% during the fourth quarter, HoldingsChannel reports. The firm owned 229,860 shares of the payment services company’s stock after selling 8,614 shares during the quarter. American Express comprises 1.8% of Vaughan David Investments LLC IL’s holdings, making the stock its 6th largest holding. Vaughan David Investments LLC IL’s holdings in American Express were worth $85,037,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Evolution Wealth Management Inc. raised its position in shares of American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management acquired a new stake in shares of American Express during the fourth quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of American Express during the third quarter worth about $28,000. Torren Management LLC acquired a new stake in shares of American Express during the fourth quarter worth about $32,000. Finally, Entrust Financial LLC acquired a new stake in shares of American Express during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Up 1.8%

AXP stock opened at $318.95 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The business has a 50 day moving average price of $315.36 and a two-hundred day moving average price of $336.06. The company has a market cap of $217.63 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 1.27 and a beta of 1.06. American Express Company has a twelve month low of $286.15 and a twelve month high of $387.49.

American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The firm had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts anticipate that American Express Company will post 17.59 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is currently 23.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group raised their price target on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. BTIG Research reaffirmed a “sell” rating and set a $285.00 price target on shares of American Express in a research report on Friday, April 24th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Barclays dropped their price target on American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Finally, Royal Bank Of Canada set a $415.00 target price on American Express in a research report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $359.05.

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.