Prime Capital Investment Advisors LLC Buys 2,395 Shares of American Express Company $AXP

Prime Capital Investment Advisors LLC grew its stake in shares of American Express Company (NYSE:AXP) by 3.6% in the third quarter, HoldingsChannel.com reports. The firm owned 68,933 shares of the payment services company’s stock after buying an additional 2,395 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in American Express were worth $22,897,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Coston McIsaac & Partners raised its holdings in American Express by 249.9% during the 3rd quarter. Coston McIsaac & Partners now owns 1,256 shares of the payment services company’s stock valued at $417,000 after buying an additional 897 shares during the last quarter. MONECO Advisors LLC raised its stake in shares of American Express by 4.9% during the third quarter. MONECO Advisors LLC now owns 2,237 shares of the payment services company’s stock valued at $743,000 after acquiring an additional 104 shares during the last quarter. Bond & Devick Financial Network Inc. boosted its holdings in shares of American Express by 1.1% during the third quarter. Bond & Devick Financial Network Inc. now owns 4,170 shares of the payment services company’s stock worth $1,385,000 after purchasing an additional 46 shares during the period. Black Diamond Financial LLC bought a new stake in shares of American Express in the third quarter worth about $360,000. Finally, RMR Wealth Builders increased its holdings in American Express by 6.1% during the 3rd quarter. RMR Wealth Builders now owns 8,908 shares of the payment services company’s stock valued at $2,959,000 after purchasing an additional 514 shares during the period. 84.33% of the stock is owned by hedge funds and other institutional investors.

Key American Express News

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

Analysts Set New Price Targets

AXP has been the topic of several research analyst reports. HSBC set a $295.00 target price on American Express and gave the company a “hold” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. reduced their price objective on shares of American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a research report on Monday. Wells Fargo & Company upped their price objective on shares of American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, December 17th. Compass Point restated a “neutral” rating and issued a $324.00 price objective on shares of American Express in a report on Monday, October 20th. Finally, Evercore ISI set a $400.00 target price on American Express in a report on Tuesday, January 6th. Nine analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $353.05.

View Our Latest Stock Analysis on American Express

American Express Trading Up 0.2%

NYSE:AXP opened at $354.50 on Friday. The firm has a market capitalization of $244.20 billion, a P/E ratio of 23.03, a PEG ratio of 1.49 and a beta of 1.14. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.68 and a quick ratio of 1.66. American Express Company has a one year low of $220.43 and a one year high of $387.49. The company’s 50-day simple moving average is $368.66 and its 200 day simple moving average is $344.74.

American Express (NYSE:AXPGet Free Report) last released its earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by ($0.01). The business had revenue of ($17,139.00) million for the quarter, compared to analysts’ expectations of $18.91 billion. American Express had a net margin of 15.00% and a return on equity of 33.49%. American Express’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.04 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, January 2nd. American Express’s dividend payout ratio is currently 21.31%.

About American Express

(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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