Maridea Wealth Management LLC acquired a new position in American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,474 shares of the payment services company’s stock, valued at approximately $837,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Evolution Wealth Management Inc. grew its stake in shares of American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after buying an additional 66 shares during the last quarter. Joseph Group Capital Management purchased a new position in American Express during the fourth quarter valued at $26,000. Sfam LLC purchased a new position in American Express during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new stake in American Express in the fourth quarter worth $28,000. Finally, Wilkerson Advisory Group LLC bought a new stake in American Express in the fourth quarter worth $29,000. Institutional investors own 84.33% of the company’s stock.
Trending Headlines about American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: Expanded virtual-card capabilities: AXP is making American Express Virtual Cards available through its @ Work platform for U.S. corporate customers. The products offer adjustable spending limits, enhanced fraud protection and easier expense management, potentially increasing commercial-payment volumes and customer retention. American Express expands virtual cards for US commercial customers
- Positive Sentiment: Premium travel ecosystem strengthened: American Express added 350 luxury hotels across 116 countries to the Platinum Card travel program. More curated booking options could improve the value proposition of its premium cards, support spending and help justify annual fees. American Express adds 350 luxury hotels to Platinum Card travel program
- Positive Sentiment: Evidence of loyalty-driven spending: United Airlines’ results highlighted how American Express perks can help capture premium travel spending, even without a United co-branded card. The example supports AXP’s broader strategy of using travel benefits and partnerships to attract affluent customers. Popular legacy airline captures premium spend because of American Express perks
- Positive Sentiment: Constructive analyst outlook: Piper Sandler forecast meaningful appreciation potential for AXP shares, providing a positive signal following the company’s recent earnings beat and continued revenue growth. Piper Sandler Forecasts Strong Price Appreciation for American Express Stock
- Neutral Sentiment: Capital structure update: AXP issued Series E preferred shares and announced full redemption of Series D preferred shares. The move may improve funding flexibility, but it also adds preferred financing obligations and has limited direct impact on common-share earnings. American Express Issues New Series E Preferred Shares
- Neutral Sentiment: Mixed analyst sentiment: Coverage of AXP showed differing views, suggesting valuation and expectations remain areas of debate despite the company’s strong operating trends. Analysts Have Conflicting Sentiments on American Express
American Express Stock Down 0.4%
American Express (NYSE:AXP – Get Free Report) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. The business had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts forecast that American Express Company will post 17.67 earnings per share for the current year.
American Express Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is 23.06%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on AXP shares. Guggenheim began coverage on American Express in a report on Monday, July 13th. They set a “buy” rating for the company. Morgan Stanley dropped their price target on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a research note on Monday, July 27th. Truist Financial increased their price objective on shares of American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. HSBC raised their price objective on shares of American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research note on Monday, July 13th. Finally, Jefferies Financial Group raised shares of American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, American Express currently has a consensus rating of “Moderate Buy” and an average target price of $373.32.
Get Our Latest Stock Analysis on AXP
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.
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