8,662 Shares in American Express Company $AXP Purchased by Principle Wealth Partners LLC

Principle Wealth Partners LLC acquired a new position in shares of American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,662 shares of the payment services company's stock, valued at approximately $2,930,000.

A number of other institutional investors also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of American Express by 1.3% in the fourth quarter. State Street Corp now owns 29,464,868 shares of the payment services company's stock valued at $10,900,528,000 after purchasing an additional 369,967 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in American Express by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company's stock worth $3,338,238,000 after buying an additional 141,936 shares in the last quarter. Bank of America Corp DE boosted its position in American Express by 7.7% in the 4th quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company's stock valued at $2,904,218,000 after buying an additional 558,533 shares during the last quarter. Capital World Investors boosted its position in American Express by 46.7% in the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company's stock valued at $2,780,424,000 after buying an additional 2,393,340 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of American Express in the 4th quarter valued at $2,464,215,000. 84.33% of the stock is owned by institutional investors.

American Express Stock Down 1.7%

Shares of American Express stock opened at $336.50 on Tuesday. The business has a fifty day simple moving average of $341.81 and a 200 day simple moving average of $327.17. The stock has a market cap of $227.24 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.04. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49.

American Express (NYSE:AXP - Get Free Report) last released its 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. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same quarter in the prior year, the firm posted $4.08 earnings per share. The company's quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AXP. Guggenheim started coverage on American Express in a research report on Monday, July 13th. They set a "buy" rating for the company. Morgan Stanley decreased their price target 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. HSBC boosted their price objective on American Express from $312.00 to $329.00 and gave the stock a "hold" rating in a report on Monday, July 13th. Barclays upped their target price on shares of American Express from $322.00 to $364.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 7th. Finally, TD Cowen raised their target price 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. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, American Express currently has a consensus rating of "Moderate Buy" and an average price target of $373.32.

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.

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