American Express Company $AXP Holdings Increased by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC lifted its stake in American Express Company (NYSE:AXP) by 11.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,817 shares of the payment services company’s stock after acquiring an additional 8,167 shares during the period. American Express accounts for approximately 1.5% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 19th biggest position. Franklin Street Advisors Inc. NC’s holdings in American Express were worth $25,983,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AXP. Loop Capital assumed coverage on American Express in a research report on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective for the company. The Goldman Sachs Group lifted their target price on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. BTIG Research cut their target price on American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research report on Monday, July 27th. Piper Sandler downgraded American Express from an “overweight” rating to a “hold” rating in a report on Monday, July 13th. Finally, Jefferies Financial Group upgraded American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $372.84.

American Express Stock Performance

Shares of American Express stock opened at $340.96 on Monday. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The stock has a market cap of $230.25 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.37 and a beta of 1.04. The business has a fifty day simple moving average of $338.12 and a 200-day simple moving average of $328.00.

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

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio is 23.06%.

About American Express

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.