Solitude Financial Services Raises Stock Position in American Express Company $AXP

Solitude Financial Services lifted its position in American Express Company (NYSE:AXP) by 30.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,473 shares of the payment services company’s stock after purchasing an additional 2,000 shares during the period. American Express accounts for about 0.8% of Solitude Financial Services’ investment portfolio, making the stock its 17th biggest position. Solitude Financial Services’ holdings in American Express were worth $2,788,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Evolution Wealth Management Inc. lifted its holdings in shares of American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after buying an additional 66 shares during the period. Joseph Group Capital Management purchased a new position in shares of American Express during the fourth quarter valued at $26,000. Sfam LLC bought a new stake in shares of American Express in the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of American Express in the fourth quarter valued at about $28,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in American Express in the fourth quarter worth about $29,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Loop Capital started coverage on shares of American Express in a report on Thursday, May 21st. They set a “buy” rating and a $389.00 target price on the stock. BTIG Research reaffirmed a “sell” rating and issued a $285.00 price target on shares of American Express in a research report on Tuesday, June 16th. DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a research note on Thursday. Royal Bank Of Canada set a $415.00 price objective on shares of American Express in a report on Friday, April 10th. Finally, Evercore set a $345.00 price objective on shares of American Express in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, American Express has an average rating of “Hold” and an average price target of $360.80.

American Express Price Performance

Shares of AXP stock opened at $338.86 on Friday. The stock’s 50-day moving average is $319.14 and its 200 day moving average is $335.16. American Express Company has a 1-year low of $288.34 and a 1-year high of $387.49. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The company has a market cap of $231.22 billion, a P/E ratio of 21.14, a PEG ratio of 1.39 and a beta of 1.06.

American Express (NYSE:AXP) last announced its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The business had revenue of $14.21 billion during 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 revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts predict that American Express Company will post 17.64 earnings per share for the current fiscal year.

American Express Announces Dividend

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

American Express News Roundup

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express signed a multiyear payments deal with the NFL, a move that could strengthen customer loyalty and support its premium card value proposition. American Express Just Signed a Multiyear Payments Deal With the NFL. Here’s the Bigger Play.
• Positive Sentiment: DZ Bank upgraded American Express from hold to buy and set a $375 price target, signaling confidence in further upside. American Express upgrade by DZ Bank AG
• Positive Sentiment: Technical commentary says AXP is breaking out above resistance, which may be attracting momentum-oriented investors. American Express Stock Is Powering the Financial Sector to a Fresh Breakout
• Neutral Sentiment: Additional articles highlighted investor interest in American Express and asked whether the stock still has upside after a strong multiyear run, but did not provide a clear new catalyst. American Express (AXP) Stock After 5-Year 118% Gain Is There Still Upside Potential
• Neutral Sentiment: Some analysts remain conflicted on AXP, and a comparison piece suggested Mastercard may have more upside, tempering the bullish case somewhat. Mastercard vs. American Express: Which Stock Has More Upside Now?

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.