American Express Company $AXP Position Lifted by Vest Financial LLC

Vest Financial LLC raised its position in American Express Company (NYSE:AXP – Free Report) by 14.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 233,152 shares of the payment services company’s stock after purchasing an additional 30,162 shares during the period. Vest Financial LLC’s holdings in American Express were worth $70,902,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of AXP. Archer Investment Corp bought a new position in shares of American Express during the second quarter worth $25,000. Elevation Wealth Partners LLC increased its position in shares of American Express by 78.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock valued at $28,000 after buying an additional 41 shares in the last quarter. Frazier Financial Advisors LLC increased its position in shares of American Express by 66.7% in the 1st quarter. Frazier Financial Advisors LLC now owns 100 shares of the payment services company’s stock valued at $30,000 after buying an additional 40 shares in the last quarter. Evolution Wealth Management Inc. raised its stake in American Express by 58.2% during the 1st quarter. Evolution Wealth Management Inc. now owns 106 shares of the payment services company’s stock worth $32,000 after buying an additional 39 shares during the period. Finally, Whipplewood Advisors LLC raised its stake in American Express by 2,550.0% during the 1st quarter. Whipplewood Advisors LLC now owns 106 shares of the payment services company’s stock worth $32,000 after buying an additional 102 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AXP shares. HSBC lifted their target price on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Barclays lowered their price target on American Express from $364.00 to $342.00 and set an “equal weight” rating for the company in a report on Monday, October 5th. Truist Financial lowered their price target on American Express from $375.00 to $370.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. UBS Group dropped their price target on American Express from $384.00 to $345.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Finally, JPMorgan Chase & Co. cut their price objective on American Express from $400.00 to $360.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $365.63.

View Our Latest Analysis on AXP

American Express Stock Up 1.7%

Shares of AXP stock opened at $323.67 on Thursday. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The firm has a fifty day moving average of $319.81 and a 200-day moving average of $325.86. The company has a market capitalization of $218.58 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 1.36 and a beta of 1.08.

American Express (NYSE:AXP – Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $14.99 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts predict that American Express Company will post 17.65 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. American Express’s dividend payout ratio (DPR) is currently 23.06%.

American Express Profile

(Free Report)

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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