Diversify Advisory Services LLC Acquires New Stake in American Express Company $AXP

Diversify Advisory Services LLC bought a new position in American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,596 shares of the payment services company’s stock, valued at approximately $7,578,000.

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

American Express Price Performance

NYSE AXP opened at $338.10 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The firm’s 50 day moving average price is $342.20 and its 200-day moving average price is $327.04. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a market cap of $228.32 billion, a PE ratio of 20.52, a P/E/G ratio of 1.38 and a beta of 1.04.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. The company had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. American Express’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts forecast 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 was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express’s payout ratio is presently 23.06%.

Analyst Upgrades and Downgrades

AXP has been the subject of several research analyst reports. TD Cowen lifted their price target on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. Morgan Stanley reduced their price objective on American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. BTIG Research lowered their target price on American Express from $324.00 to $315.00 and set a “sell” rating for the company in a report on Monday, July 27th. Finally, Guggenheim began coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $373.32.

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.