97,733 Shares in American Express Company $AXP Acquired by Cibc World Market Inc.

Cibc World Market Inc. bought a new stake in American Express Company (NYSE:AXP) during the 2nd quarter, Holdings Channel.com reports. The firm bought 97,733 shares of the payment services company’s stock, valued at approximately $33,058,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AXP. Evolution Wealth Management Inc. lifted its position in shares of American Express by 6,600.0% in the 4th 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 $26,000. Sfam LLC acquired a new stake in shares of American Express during the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express during the fourth quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in American Express during the third quarter worth $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on AXP shares. Evercore set a $370.00 price target on shares of American Express in a research report on Monday, July 27th. Royal Bank Of Canada lowered American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. raised American Express from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $328.00 to $400.00 in a research note on Monday, July 13th. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Finally, HSBC raised their target price on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. One equities research 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 issued a Sell rating to the stock. According to MarketBeat.com, American Express presently has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.

American Express Price Performance

American Express stock opened at $336.00 on Monday. The company has a market capitalization of $226.90 billion, a PE ratio of 20.39, a PEG ratio of 1.36 and a beta of 1.04. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The firm’s fifty day moving average is $343.19 and its 200 day moving average is $326.65. 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 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 net margin of 15.07% and a return on equity of 34.12%. The business had revenue of $19.64 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same period last year, the company posted $4.08 earnings per share. The business’s quarterly 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. As a group, sell-side analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. 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.