ProShare Advisors LLC Buys 22,262 Shares of American Express Company $AXP

ProShare Advisors LLC increased its stake in shares of American Express Company (NYSE:AXP) by 10.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 230,470 shares of the payment services company’s stock after acquiring an additional 22,262 shares during the period. ProShare Advisors LLC’s holdings in American Express were worth $85,262,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Valley Wealth Managers Inc. increased its stake in shares of American Express by 153.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after purchasing an additional 46 shares during the last quarter. Joseph Group Capital Management acquired a new position in shares of American Express during the 4th quarter worth about $26,000. Guerra Advisors Inc acquired a new position in shares of American Express during the 3rd quarter worth about $28,000. Measured Wealth Private Client Group LLC acquired a new position in shares of American Express during the 3rd quarter worth about $28,000. Finally, Torren Management LLC acquired a new position in shares of American Express during the 4th quarter worth about $32,000. Institutional investors own 84.33% of the company’s stock.

American Express News Summary

Here are the key news stories impacting American Express this week:

Analysts Set New Price Targets

AXP has been the topic of several recent analyst reports. Evercore set a $345.00 price objective on shares of American Express in a research note on Wednesday, April 29th. Morgan Stanley lowered their price objective on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Weiss Ratings lowered shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Truist Financial lowered their price objective on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Finally, Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $357.47.

Get Our Latest Report on American Express

American Express Stock Down 0.9%

Shares of AXP opened at $309.42 on Wednesday. American Express Company has a 52 week low of $281.46 and a 52 week high of $387.49. The firm has a market cap of $211.13 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 1.27 and a beta of 1.08. The firm’s 50-day simple moving average is $311.01 and its 200 day simple moving average is $341.59. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57.

American Express (NYSE:AXPGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS 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 business had revenue of $14.22 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same quarter in the prior year, the business earned $3.64 EPS. American Express’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, analysts forecast that American Express Company will post 17.59 earnings per share for the current year.

American Express Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 3rd were paid a $0.95 dividend. This is an increase from American Express’s previous quarterly dividend of $0.82. The ex-dividend date was Thursday, April 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio (DPR) is currently 23.71%.

American Express Company Profile

(Free Report)

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.

Further Reading

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

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