Broderick Brian C Buys 1,677 Shares of American Express Company $AXP

Broderick Brian C grew its stake in shares of American Express Company (NYSE:AXP) by 16.9% in the 1st quarter, HoldingsChannel reports. The fund owned 11,580 shares of the payment services company’s stock after purchasing an additional 1,677 shares during the quarter. Broderick Brian C’s holdings in American Express were worth $3,503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in AXP. Evolution Wealth Management Inc. increased its stake in shares of American Express by 6,600.0% during the fourth 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 American Express during the 4th quarter worth approximately $26,000. Sfam LLC bought a new stake in American Express in the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new stake in American Express in the 4th quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in American Express in the 3rd quarter valued at $28,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on AXP. Truist Financial increased their price objective on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. 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. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Barclays raised their price target on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group lifted their price objective on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, American Express presently has an average rating of “Moderate Buy” and an average target price of $374.15.

American Express Trading Up 0.0%

Shares of NYSE:AXP opened at $355.44 on Monday. The business’s 50 day simple moving average is $329.39 and its 200 day simple moving average is $331.02. American Express Company has a 1 year low of $288.34 and a 1 year high of $387.49. 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 company has a market capitalization of $242.53 billion, a P/E ratio of 22.17, a P/E/G ratio of 1.43 and a beta of 1.04.

American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.27. The firm had revenue of $14.21 billion during 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 period in the previous year, the firm earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, research analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be given a $0.95 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s dividend payout ratio (DPR) is presently 23.71%.

American Express News Summary

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

• Neutral Sentiment: Jefferies reiterated its Hold rating on American Express, signaling a wait-and-see stance rather than a more bullish upgrade. Jefferies Sticks to Their Hold Rating for American Express (AXP)
• Neutral Sentiment: Barclays also kept a Hold rating on AXP, reinforcing the view that analysts are not seeing an immediate upside catalyst. Barclays Keeps Their Hold Rating on American Express (AXP)
• Neutral Sentiment: Zacks-related coverage noted that American Express has been attracting trading attention, but the article does not point to a fresh operational update or earnings surprise. Here is What to Know Beyond Why American Express Company (AXP) is a Trending Stock
• Neutral Sentiment: Another Zacks piece similarly frames AXP as a trending stock without adding a new fundamental driver. Here is What to Know Beyond Why American Express Company (AXP) is a Trending Stock
• Neutral Sentiment: Coverage ahead of earnings highlighted that American Express was expected to report results soon, but the item itself did not provide a new beat/miss or guidance update. American Express (AXP) Projected to Release Earnings on Friday

About American Express

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.