American Express Company $AXP Shares Sold by Rice Partnership LLC

Rice Partnership LLC reduced its stake in shares of American Express Company (NYSE:AXP) by 12.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 44,450 shares of the payment services company’s stock after selling 6,173 shares during the period. American Express makes up approximately 1.8% of Rice Partnership LLC’s portfolio, making the stock its 16th biggest holding. Rice Partnership LLC’s holdings in American Express were worth $13,445,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Capital Asset Advisory Services LLC boosted its stake in shares of American Express by 2.4% in the fourth quarter. Capital Asset Advisory Services LLC now owns 1,214 shares of the payment services company’s stock worth $465,000 after buying an additional 28 shares during the last quarter. Lantz Financial LLC raised its position in American Express by 3.6% during the fourth quarter. Lantz Financial LLC now owns 808 shares of the payment services company’s stock valued at $299,000 after acquiring an additional 28 shares in the last quarter. Financial Management Network Inc. lifted its holdings in American Express by 0.8% in the fourth quarter. Financial Management Network Inc. now owns 3,740 shares of the payment services company’s stock valued at $1,394,000 after acquiring an additional 29 shares during the period. Central Bank & Trust Co. lifted its holdings in American Express by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 2,620 shares of the payment services company’s stock valued at $969,000 after acquiring an additional 29 shares during the period. Finally, Burns J W & Co. Inc. NY boosted its position in American Express by 2.1% in the 4th quarter. Burns J W & Co. Inc. NY now owns 1,400 shares of the payment services company’s stock worth $518,000 after purchasing an additional 29 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $328.00 to $400.00 in a report on Monday, July 13th. Morgan Stanley raised shares of American Express from a “positive” rating to an “overweight” rating in a report on Monday, July 13th. Royal Bank Of Canada lowered shares of American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Guggenheim started coverage on shares of American Express in a report on Monday, July 13th. They issued a “buy” rating for the company. Finally, Barclays upped their price objective on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, American Express currently has a consensus rating of “Moderate Buy” and an average price target of $374.11.

American Express Stock Down 1.0%

American Express stock opened at $351.81 on Tuesday. The stock has a market capitalization of $240.05 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 1.43 and a beta of 1.04. American Express Company has a 12 month low of $288.34 and a 12 month high of $387.49. The business has a 50 day simple moving average of $330.18 and a 200-day simple moving average of $330.87. 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 (NYSE:AXP) last announced its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm had revenue of $14.21 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same quarter last year, the firm posted $3.64 EPS. The business’s 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 anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express’s dividend payout ratio is currently 23.71%.

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.