KMG Fiduciary Partners LLC Has $10.04 Million Stake in American Express Company $AXP

KMG Fiduciary Partners LLC reduced its holdings in shares of American Express Company (NYSE:AXP) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,697 shares of the payment services company’s stock after selling 1,621 shares during the period. American Express accounts for approximately 0.9% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 29th biggest holding. KMG Fiduciary Partners LLC’s holdings in American Express were worth $10,045,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Evolution Wealth Management Inc. boosted its position in shares of American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. Joseph Group Capital Management acquired a new stake in American Express during the fourth quarter worth approximately $26,000. Sfam LLC bought a new stake in American Express in the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express in the fourth quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of American Express during the 3rd quarter worth approximately $28,000. 84.33% of the stock is owned by institutional investors.

American Express Stock Down 0.7%

American Express stock opened at $338.54 on Tuesday. The firm has a market capitalization of $228.62 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 1.37 and a beta of 1.04. The firm’s fifty day moving average price is $338.61 and its two-hundred day moving average price is $327.91. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the previous year, the firm posted $4.08 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts predict that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express’s payout ratio is currently 23.06%.

Analyst Ratings Changes

Several brokerages have recently commented on AXP. Royal Bank Of Canada downgraded shares of American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. Evercore set a $370.00 target price on shares of American Express in a research note on Monday, July 27th. UBS Group decreased their price target on shares of American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Finally, Jefferies Financial Group upgraded shares of American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, American Express currently has an average rating of “Moderate Buy” and an average target price of $372.84.

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.