Landscape Capital Management L.L.C. Makes New $1.97 Million Investment in American Express Company $AXP

Landscape Capital Management L.L.C. acquired a new stake in American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,816 shares of the payment services company’s stock, valued at approximately $1,967,000.

Several other large investors have also modified their holdings of the company. Flputnam Investment Management Co. purchased a new position in American Express in the 2nd quarter valued at $12,879,000. Keybank National Association OH raised its position in American Express by 3.0% during the 4th quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock worth $132,909,000 after buying an additional 10,495 shares during the last quarter. Swiss Life Asset Management Ltd raised its position in American Express by 34.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock worth $51,751,000 after buying an additional 35,533 shares during the last quarter. Peapack Gladstone Financial Corp lifted its stake in shares of American Express by 6.2% in the 4th quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock worth $24,416,000 after acquiring an additional 3,855 shares during the period. Finally, Blue Capital Inc. purchased a new stake in shares of American Express in the fourth quarter valued at about $2,838,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AXP shares. JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $328.00 to $400.00 in a research note on Monday, July 13th. Barclays lifted their price objective on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. TD Cowen increased their target price on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. BTIG Research cut their target price on American Express from $324.00 to $315.00 and set a “sell” rating for the company in a research note on Monday, July 27th. Finally, UBS Group reduced their price target on American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Stock Up 1.5%

Shares of NYSE AXP opened at $336.00 on Friday. The stock has a market capitalization of $226.90 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The firm has a 50-day moving average price of $343.19 and a 200 day moving average price of $326.83. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last issued its earnings results 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. The company had revenue of $19.64 billion during the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $4.08 earnings per share. 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 EPS for the current fiscal year.

American Express Announces Dividend

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

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.