Keebeck Wealth Management acquired a new position in shares of American Express Company (NYSE:AXP – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,460 shares of the payment services company’s stock, valued at approximately $832,000.
A number of other hedge funds have also bought and sold shares of the company. Evolution Wealth Management Inc. lifted its holdings in shares of 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 acquiring an additional 66 shares during the last quarter. Joseph Group Capital Management purchased a new position in shares of American Express during the 4th quarter worth about $26,000. Sfam LLC bought a new position in American Express during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in American Express in the 4th quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in American Express in the 3rd quarter worth about $28,000. Institutional investors own 84.33% of the company’s stock.
Analyst Ratings Changes
Several research analysts have issued reports on AXP shares. Jefferies Financial Group upgraded American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Bank of America raised their price target on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Piper Sandler boosted their price objective on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Evercore set a $370.00 price objective on American Express in a research report on Monday, July 27th. Finally, Morgan Stanley reduced their target price on American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Express has an average rating of “Moderate Buy” and an average target price of $373.32.
American Express Stock Performance
Shares of NYSE:AXP opened at $336.00 on Friday. The firm’s 50 day simple moving average is $343.19 and its 200-day simple moving average is $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. American Express Company has a one year low of $290.97 and a one year high of $387.49. The firm 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $19.70 billion. During the same quarter in the previous year, the business earned $4.08 earnings per share. American Express’s quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts predict that American Express Company will post 17.67 EPS for the current year.
American Express Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express’s payout ratio is 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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