Bearing Point Capital LLC Buys 2,547 Shares of American Express Company $AXP

Bearing Point Capital LLC lifted its stake in shares of American Express Company (NYSE:AXP) by 9.1% during the fourth quarter, HoldingsChannel reports. The firm owned 30,441 shares of the payment services company’s stock after acquiring an additional 2,547 shares during the quarter. American Express makes up 1.8% of Bearing Point Capital LLC’s investment portfolio, making the stock its 12th largest position. Bearing Point Capital LLC’s holdings in American Express were worth $11,262,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Joseph Group Capital Management bought a new stake in shares of American Express during the 4th quarter worth approximately $26,000. Valley Wealth Managers Inc. raised its stake in American Express by 153.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 46 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in American Express in the 3rd quarter valued at $28,000. Guerra Advisors Inc bought a new stake in American Express in the 3rd quarter valued at $28,000. Finally, Torren Management LLC bought a new stake in American Express in the 4th quarter valued at $32,000. Institutional investors own 84.33% of the company’s stock.

American Express Stock Up 0.5%

AXP stock opened at $316.55 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The stock has a market capitalization of $215.99 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.29 and a beta of 1.08. The business’s fifty day moving average price is $312.81 and its two-hundred day moving average price is $338.90. American Express Company has a fifty-two week low of $286.15 and a fifty-two week high of $387.49.

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

American Express Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 3rd were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio (DPR) is 23.71%.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of research analyst reports. 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 note on Friday, April 24th. Bank of America increased their price target on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. dropped their price target on American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Royal Bank Of Canada set a $415.00 price target on American Express in a research note on Friday, April 10th. Finally, Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Express presently has an average rating of “Hold” and an average target price of $359.05.

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American Express Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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