Invst LLC Makes New Investment in American Express Company $AXP

Invst LLC purchased a new position in shares of American Express Company (NYSE:AXP) in the 2nd quarter, Holdings Channel reports. The firm purchased 3,958 shares of the payment services company’s stock, valued at approximately $1,339,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AXP. Evolution Wealth Management Inc. grew its position in 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 valued at $25,000 after purchasing an additional 66 shares in the last quarter. Joseph Group Capital Management acquired a new position in shares of American Express during the 4th quarter worth about $26,000. Sfam LLC acquired a new position in shares of American Express during the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of American Express in the 4th quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of American Express in the 3rd quarter valued at about $28,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley dropped their target price 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. Benchmark assumed coverage on American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. Bank of America boosted their price target on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective for the company in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $373.32.

American Express Stock Down 0.4%

Shares of AXP stock opened at $336.14 on Wednesday. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The stock has a market cap of $227.00 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.37 and a beta of 1.04. The firm’s 50-day moving average is $343.13 and its 200-day moving average is $326.44. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.

American Express (NYSE:AXP) last posted its quarterly earnings results 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 business had revenue of $19.64 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were 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 was Thursday, July 2nd. American Express’s payout ratio 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.