NewEdge Advisors LLC boosted its stake in American Express Company (NYSE:AXP) by 5.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,398 shares of the payment services company’s stock after acquiring an additional 6,070 shares during the period. NewEdge Advisors LLC’s holdings in American Express were worth $38,019,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after purchasing an additional 1,273 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of American Express by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after purchasing an additional 200 shares during the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of American Express during the second quarter worth $428,000. Howland Capital Management LLC lifted its holdings in shares of American Express by 4.2% during the second quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock worth $707,000 after purchasing an additional 90 shares during the period. Finally, HUB Investment Partners LLC grew its position in American Express by 19.9% in the 2nd quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock valued at $924,000 after buying an additional 481 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Evercore set a $370.00 price objective on shares of American Express in a research note on Monday, July 27th. Barclays raised their target price on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. TD Cowen lifted their target price on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a report on Tuesday, July 7th. Bank of America increased their price target on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Truist Financial raised 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. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, American Express currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.
American Express Trading Down 1.3%
Shares of AXP stock opened at $321.94 on Thursday. The business’s fifty day moving average price is $340.61 and its 200 day moving average price is $324.87. The firm has a market capitalization of $217.41 billion, a PE ratio of 19.53, a P/E/G ratio of 1.39 and a beta of 1.05. 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.
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 analysts’ consensus estimates of $4.41 by $0.12. The company had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.American Express’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts forecast that American Express Company will post 17.68 EPS for the current fiscal year.
American Express Profile
American Express Company is a global payments and financial services company that provides payment products, services and experiences to consumers, businesses and institutions. Its offerings include credit and charge cards, consumer and commercial payment solutions, business financing, deposit products and expense-management tools.
The company also operates a global payments network connecting cardmembers, merchants and financial institutions. Through its merchant services business, American Express supports payment acceptance and provides data-driven marketing and customer-engagement solutions.
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