Trillium Asset Management LLC Purchases New Shares in American Express Company $AXP

by · The Markets Daily

Trillium Asset Management LLC bought a new position in American Express Company (NYSE:AXP) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 1,791 shares of the payment services company’s stock, valued at approximately $606,000.

A number of other large investors have also recently modified their holdings of AXP. OVERSEA CHINESE BANKING Corp Ltd bought a new position in American Express in the second quarter worth about $711,000. E Fund Management Co. Ltd. purchased a new position in shares of American Express during the 2nd quarter worth approximately $674,000. Notis McConarty Edward purchased a new position in shares of American Express during the 2nd quarter worth approximately $3,514,000. Asahi Life Asset Management CO. LTD. bought a new position in shares of American Express in the 2nd quarter worth approximately $2,552,000. Finally, Somerville Kurt F bought a new stake in shares of American Express during the second quarter valued at approximately $6,997,000. Institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a report on Thursday, June 18th. UBS Group decreased their price target on shares of American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Evercore set a $370.00 price objective on shares of American Express in a research note on Monday, July 27th. Barclays lifted their target price on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Finally, BTIG Research cut their price target on American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

Get Our Latest Stock Analysis on AXP

American Express Stock Up 1.5%

AXP stock opened at $336.00 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The stock has a market capitalization of $226.90 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.34 and a beta of 1.04. The business has a fifty day moving average price of $343.19 and a 200-day moving average price of $326.83.

American Express (NYSE:AXP – Get Free Report) last released its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.12. The firm 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% on a year-over-year basis. During the same period in the previous year, the company earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts forecast that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

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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