Notis McConarty Edward Purchases New Position in American Express Company $AXP

Notis McConarty Edward purchased a new position in American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,389 shares of the payment services company’s stock, valued at approximately $3,514,000. American Express comprises 1.5% of Notis McConarty Edward’s investment portfolio, making the stock its 25th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Advisory LLC lifted its stake in American Express by 2.9% during the 4th quarter. Cornerstone Advisory LLC now owns 1,017 shares of the payment services company’s stock valued at $376,000 after acquiring an additional 29 shares during the period. Total Clarity Wealth Management Inc. boosted its holdings in shares of American Express by 3.4% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock valued at $323,000 after acquiring an additional 29 shares during the last quarter. Dover Advisors LLC grew its stake in shares of American Express by 0.4% in the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock worth $2,951,000 after acquiring an additional 29 shares during the period. Invenio Wealth Partners LLC grew its stake in shares of American Express by 3.9% in the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock worth $258,000 after acquiring an additional 29 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of American Express by 1.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,167 shares of the payment services company’s stock valued at $1,172,000 after purchasing an additional 30 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

American Express Price Performance

Shares of American Express stock opened at $339.90 on Thursday. The stock has a market cap of $229.54 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.36 and a beta of 1.04. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The stock’s fifty day moving average is $342.72 and its 200 day moving average is $326.91. American Express Company has a one year low of $290.97 and a one year high of $387.49.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating 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 $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the previous year, the company posted $4.08 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts anticipate that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were given 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 was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AXP shares. 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 research report on Thursday, June 18th. JPMorgan Chase & Co. raised American Express from a “neutral” rating to an “overweight” rating and increased their price target for the company from $328.00 to $400.00 in a report on Monday, July 13th. Loop Capital initiated coverage on American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target on the stock. Benchmark assumed coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating for the company. Finally, BTIG Research dropped their target price on American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, American Express currently has a consensus rating of “Moderate Buy” and an average target price of $373.32.

Key Headlines Impacting American Express

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express is expanding its premium lifestyle and sports partnerships by naming St Andrews Links its Official Payments Partner. The agreement could increase global brand visibility, card-member engagement and spending among affluent travelers and golf fans. American Express and St Andrews Links Trust partnership
• Positive Sentiment: AXP has expanded virtual-card capabilities for U.S. commercial customers through its @ Work platform and Conferma. The move embeds American Express more deeply into corporate payment and travel workflows, potentially improving retention, security and business-spending volumes. American Express expanded virtual cards strategy
• Positive Sentiment: A profile of CEO Steve Squeri highlights American Express’s successful focus on millennials and Gen Z customers, including the willingness of younger consumers to pay premium annual fees for differentiated benefits. The narrative reinforces the company’s premium-card strategy and customer growth potential. American Express CEO and premium card strategy
• Neutral Sentiment: Management will participate in the Barclays Global Financial Services Conference on September 16. The event may provide updates on spending trends, credit quality and 2026 guidance, but no new financial outlook was announced. American Express Barclays conference announcement
• Neutral Sentiment: American Express is among the holdings in US Financial 15 Split Corp., which declared a monthly preferred-share distribution. The announcement has no direct impact on AXP’s earnings or capital allocation. US Financial 15 preferred dividend announcement

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.