EP Wealth Advisors LLC acquired a new stake in American Express Company (NYSE:AXP) in the second quarter, HoldingsChannel.com reports. The firm acquired 29,873 shares of the payment services company’s stock, valued at approximately $10,105,000.
Several other institutional investors have also recently added to or reduced their stakes in AXP. Evolution Wealth Management Inc. boosted its stake in 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 acquired a new position in shares of American Express during the 4th quarter valued at about $26,000. Sfam LLC purchased a new position in shares of American Express during the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express in the fourth quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in American Express in the third quarter valued at approximately $28,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Barclays increased their price target 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. Bank of America boosted their price objective on shares of American Express from $387.00 to $391.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Guggenheim started coverage on American Express in a report on Monday, July 13th. They set a “buy” rating for the company. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Truist Financial lifted their target price on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. One investment 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $373.32.
American Express Stock Up 1.5%
AXP opened at $336.00 on Friday. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The firm has a 50 day moving average price of $343.19 and a 200 day moving average price of $326.83. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The company has a market cap of $226.90 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04.
American Express (NYSE:AXP – Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same period in the previous year, the company posted $4.08 earnings per share. American Express’s 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. Sell-side analysts expect that American Express Company will post 17.67 earnings per share for the current year.
American Express Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were issued a dividend of $0.95 per share. The ex-dividend date was Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s payout ratio is presently 23.06%.
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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