CDM Financial Counseling Services Inc. Acquires Shares of 1,866 American Express Company $AXP

CDM Financial Counseling Services Inc. acquired a new stake in shares of American Express Company (NYSE:AXP) during the fourth quarter, Holdings Channel reports. The firm acquired 1,866 shares of the payment services company’s stock, valued at approximately $690,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Mission Wealth Management LP boosted its holdings in American Express by 1.3% during the fourth quarter. Mission Wealth Management LP now owns 10,492 shares of the payment services company’s stock valued at $3,882,000 after purchasing an additional 133 shares in the last quarter. High Note Wealth LLC boosted its stake in shares of American Express by 11.0% in the 4th quarter. High Note Wealth LLC now owns 382 shares of the payment services company’s stock valued at $141,000 after purchasing an additional 38 shares in the last quarter. RiverFront Investment Group LLC boosted its stake in shares of American Express by 53.6% in the 4th quarter. RiverFront Investment Group LLC now owns 2,524 shares of the payment services company’s stock valued at $934,000 after purchasing an additional 881 shares in the last quarter. Chase Investment Counsel Corp boosted its stake in shares of American Express by 3.4% in the 4th quarter. Chase Investment Counsel Corp now owns 18,447 shares of the payment services company’s stock valued at $6,824,000 after purchasing an additional 603 shares in the last quarter. Finally, North Dakota State Investment Board acquired a new stake in shares of American Express in the 4th quarter valued at $6,971,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Up 0.1%

Shares of AXP opened at $313.69 on Monday. The business’s 50 day simple moving average is $310.73 and its 200-day simple moving average is $342.28. The company has a market capitalization of $214.04 billion, a P/E ratio of 19.57, a PEG ratio of 1.27 and a beta of 1.08. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. American Express Company has a one year low of $281.46 and a one year high of $387.49.

American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.27. The business had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts predict that American Express Company will post 17.59 EPS for the current fiscal 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 given a dividend of $0.95 per share. This is a positive change from American Express’s previous quarterly dividend of $0.82. The ex-dividend date was Thursday, April 2nd. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s dividend payout ratio is currently 23.71%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. BTIG Research restated a “sell” rating and issued a $285.00 target price on shares of American Express in a research note on Friday, April 24th. The Goldman Sachs Group boosted their target price on shares of American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Truist Financial reduced their target price 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. Wells Fargo & Company reduced their target price on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $357.47.

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.