5,346 Shares in American Express Company $AXP Purchased by Peak Asset Management LLC

Peak Asset Management LLC purchased a new position in American Express Company (NYSE:AXP) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 5,346 shares of the payment services company’s stock, valued at approximately $1,808,000.

A number of other large investors also recently bought and sold shares of the business. Total Clarity Wealth Management Inc. increased its holdings in shares of American Express by 3.4% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock valued at $323,000 after acquiring an additional 29 shares during the period. Dover Advisors LLC boosted its holdings in shares of American Express by 0.4% in the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock valued at $2,951,000 after buying an additional 29 shares in the last quarter. Invenio Wealth Partners LLC grew its position in shares of American Express by 3.9% in the 3rd quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock worth $258,000 after buying an additional 29 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in American Express by 1.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,167 shares of the payment services company’s stock valued at $1,172,000 after acquiring an additional 30 shares during the last quarter. Finally, Strait & Sound Wealth Management LLC grew its holdings in American Express by 2.7% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company’s stock worth $421,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Bank of America raised their price objective on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Royal Bank Of Canada cut American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. TD Cowen boosted their price target on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. Evercore set a $370.00 price objective on shares of American Express in a report on Monday, July 27th. Finally, Loop Capital assumed coverage on shares of American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price for the company. One research 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 assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $373.32.

American Express Trading Up 0.4%

Shares of American Express stock opened at $337.38 on Tuesday. The stock has a market cap of $227.84 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. The firm has a fifty day moving average price of $343.23 and a 200 day moving average price of $326.56. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same period last year, the firm earned $4.08 EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts predict that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is currently 23.06%.

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.