Xponance LLC increased its holdings in shares of American Express Company (NYSE:AXP) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 103,029 shares of the payment services company’s stock after purchasing an additional 4,396 shares during the period. Xponance LLC’s holdings in American Express were worth $38,116,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Evolution Wealth Management Inc. grew its holdings in 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 fourth quarter worth approximately $26,000. Measured Wealth Private Client Group LLC acquired a new stake in American Express during the third quarter worth approximately $28,000. Torren Management LLC acquired a new stake in American Express during the fourth quarter worth approximately $32,000. Finally, Entrust Financial LLC acquired a new stake in American Express during the fourth quarter worth approximately $41,000. Institutional investors own 84.33% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Wells Fargo & Company cut their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Bank of America raised their price objective on shares of American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Barclays cut their price objective on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $359.05.
American Express Stock Up 1.8%
NYSE AXP opened at $318.95 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. American Express Company has a 1-year low of $286.15 and a 1-year high of $387.49. The company has a 50 day moving average of $315.36 and a 200-day moving average of $336.06. The company has a market cap of $217.63 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.27 and a beta of 1.06.
American Express (NYSE:AXP – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The company had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same period in the previous year, the business earned $3.64 earnings per share. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts expect that American Express Company will post 17.59 earnings per share for the current fiscal year.
American Express Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, July 2nd. American Express’s payout ratio is presently 23.71%.
American Express 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.
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