American Express Company $AXP is Baxter Bros Inc.’s 8th Largest Position

Baxter Bros Inc. lifted its position in shares of American Express Company (NYSE:AXP) by 2.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 79,992 shares of the payment services company’s stock after acquiring an additional 1,619 shares during the quarter. American Express makes up approximately 3.0% of Baxter Bros Inc.’s portfolio, making the stock its 8th biggest position. Baxter Bros Inc.’s holdings in American Express were worth $24,196,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. lifted its stake in American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after acquiring an additional 66 shares during the period. Joseph Group Capital Management purchased a new position in American Express during the 4th quarter valued at about $26,000. Sfam LLC purchased a new position in American Express during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of American Express in the 4th quarter valued at about $28,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in shares of American Express in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AXP. Wells Fargo & Company dropped their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Truist Financial upped their target price on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Evercore set a $380.00 target price on American Express in a research report on Monday. BTIG Research lifted their price target on American Express from $285.00 to $324.00 and gave the company a “sell” rating in a report on Tuesday, June 30th. Finally, Piper Sandler started coverage on American Express in a research report on Monday, June 29th. They issued an “overweight” rating and a $396.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $368.70.

American Express Stock Up 1.2%

American Express stock opened at $356.18 on Tuesday. American Express Company has a 1-year low of $288.34 and a 1-year high of $387.49. The business has a fifty day moving average price of $322.50 and a 200-day moving average price of $332.93. 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 $243.03 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.45 and a beta of 1.04.

American Express (NYSE:AXP) last announced its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same period in the prior year, the company posted $3.64 EPS. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts forecast that American Express Company will post 17.65 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s dividend payout ratio is 23.71%.

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.