Rathbones Group PLC Acquires 7,320 Shares of American Express Company $AXP

Rathbones Group PLC lifted its stake in American Express Company (NYSE:AXP) by 77.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,740 shares of the payment services company’s stock after purchasing an additional 7,320 shares during the period. Rathbones Group PLC’s holdings in American Express were worth $5,064,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AXP. Brighton Jones LLC grew its holdings in American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after purchasing an additional 1,273 shares during the period. Sivia Capital Partners LLC raised its stake in shares of American Express by 13.0% in the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after buying an additional 200 shares during the period. Schnieders Capital Management LLC. bought a new position in shares of American Express in the second quarter worth about $428,000. Howland Capital Management LLC lifted its position in shares of American Express by 4.2% during the 2nd quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock valued at $707,000 after buying an additional 90 shares in the last quarter. Finally, HUB Investment Partners LLC grew its stake in shares of American Express by 19.9% during the 2nd quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock valued at $924,000 after acquiring an additional 481 shares during the period. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

AXP has been the subject of several analyst reports. Jefferies Financial Group raised shares of American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. UBS Group lowered their price target on shares of American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a report on Monday. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $328.00 to $400.00 in a research note on Monday, July 13th. 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. Finally, DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $372.84.

American Express Stock Performance

NYSE:AXP opened at $344.39 on Tuesday. The stock has a 50-day moving average price of $335.62 and a 200 day moving average price of $328.46. The stock has a market capitalization of $232.57 billion, a P/E ratio of 20.90, a P/E/G ratio of 1.36 and a beta of 1.04. American Express Company has a 12-month low of $290.63 and a 12-month 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 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. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same period in the previous year, the firm earned $4.08 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts forecast that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be issued a $0.95 dividend. 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 payout ratio is 23.06%.

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.