NWK Group Inc. Invests $6.57 Million in American Express Company $AXP

NWK Group Inc. bought a new position in shares of American Express Company (NYSE:AXP) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 17,746 shares of the payment services company’s stock, valued at approximately $6,565,000. American Express accounts for approximately 2.3% of NWK Group Inc.’s holdings, making the stock its 20th biggest holding.

Several other institutional investors also recently modified their holdings of AXP. Ameriprise Financial Inc. grew its position in shares of American Express by 27.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock worth $1,310,515,000 after buying an additional 845,283 shares during the period. Amundi grew its position in shares of American Express by 23.9% during the 3rd quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock worth $925,449,000 after buying an additional 537,205 shares during the period. Danske Bank A S acquired a new position in shares of American Express during the 3rd quarter worth about $153,292,000. PFA Pension Forsikringsaktieselskab acquired a new position in shares of American Express during the 4th quarter worth about $166,848,000. Finally, Capital Wealth Planning LLC grew its position in shares of American Express by 18.5% during the 3rd quarter. Capital Wealth Planning LLC now owns 2,169,242 shares of the payment services company’s stock worth $720,535,000 after buying an additional 337,991 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

Shares of AXP opened at $312.67 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. The stock has a 50 day simple moving average of $312.07 and a 200 day simple moving average of $339.44. American Express Company has a 52-week low of $286.15 and a 52-week high of $387.49. The firm has a market capitalization of $213.34 billion, a PE ratio of 19.51, a P/E/G ratio of 1.26 and a beta of 1.08.

American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business had revenue of $14.22 billion during the quarter, compared to analyst estimates of $18.60 billion. During the same period in the previous year, the firm earned $3.64 EPS. American Express’s quarterly revenue was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts predict that American Express Company will post 17.59 EPS for the current fiscal year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 3rd were given a $0.95 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. This is a boost from American Express’s previous quarterly dividend of $0.82. American Express’s payout ratio is presently 23.71%.

Analyst Upgrades and Downgrades

AXP has been the subject of several analyst reports. Morgan Stanley decreased their target price on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Barclays decreased their target price on American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. Weiss Ratings lowered American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Truist Financial decreased their price objective on American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Finally, BTIG Research reiterated a “sell” rating and issued a $285.00 price objective on shares of American Express in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $359.05.

American Express 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.