NBH Bank purchased a new position in shares of American Express Company (NYSE:AXP) during the second quarter, HoldingsChannel reports. The fund purchased 1,854 shares of the payment services company’s stock, valued at approximately $627,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dover Advisors LLC raised its stake in American Express by 0.4% during the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock worth $2,951,000 after buying an additional 29 shares during the period. Invenio Wealth Partners LLC grew its stake in American Express by 3.9% in the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock valued at $258,000 after acquiring an additional 29 shares during the period. Strait & Sound Wealth Management LLC increased its holdings in shares of American Express by 2.7% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company’s stock worth $421,000 after acquiring an additional 30 shares in the last quarter. Onyx Bridge Wealth Group LLC increased its holdings in shares of American Express by 3.6% in the first quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company’s stock worth $263,000 after acquiring an additional 30 shares in the last quarter. Finally, IMG Wealth Management Inc. raised its position in shares of American Express by 6.3% during the fourth quarter. IMG Wealth Management Inc. now owns 541 shares of the payment services company’s stock worth $200,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on AXP. Morgan Stanley cut their price objective on American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. BTIG Research cut their price target on shares of American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research note on Monday, July 27th. Piper Sandler upped their price target on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Finally, Royal Bank Of Canada downgraded shares of American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. One investment 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 given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $373.32.
American Express Stock Down 1.1%
NYSE:AXP opened at $326.11 on Friday. The stock has a 50-day simple moving average of $341.66 and a 200 day simple moving average of $325.37. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a market cap of $220.23 billion, a PE ratio of 19.79, a PEG ratio of 1.39 and a beta of 1.05. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.
American Express (NYSE:AXP – Get Free Report) last released its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter in the previous year, the business posted $4.08 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts expect that American Express Company will post 17.68 EPS for the current fiscal year.
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.
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