American Express Company $AXP Shares Sold by NewEdge Advisors LLC

Key Points

• NewEdge Advisors reduced its American Express stake by 9.2% in the first quarter, selling 10,819 shares and retaining 106,328 shares valued at approximately $32.2 million. Institutional investors collectively own 84.33% of AXP.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $372.84, although recent actions ranged from upgrades and target increases to a downgrade and a $315 sell target.
• American Express reported quarterly EPS of $4.53, exceeding estimates by $0.12, while revenue rose 10% year over year. The company also declared a quarterly dividend of $0.95 per share, equivalent to a 1.1% yield.

NewEdge Advisors LLC lessened its stake in American Express Company (NYSE:AXP - Free Report) by 9.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,328 shares of the payment services company's stock after selling 10,819 shares during the period. NewEdge Advisors LLC's holdings in American Express were worth $32,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Invenio Wealth Partners LLC increased its position in shares of American Express by 3.9% in the 3rd quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company's stock valued at $258,000 after purchasing an additional 29 shares during the last quarter. Gilliland Jeter Wealth Management LLC increased its holdings in shares of American Express by 4.8% in the 4th quarter. Gilliland Jeter Wealth Management LLC now owns 633 shares of the payment services company's stock valued at $234,000 after acquiring an additional 29 shares during the last quarter. Cornerstone Advisory LLC increased its holdings in shares of American Express by 2.9% in the 4th quarter. Cornerstone Advisory LLC now owns 1,017 shares of the payment services company's stock valued at $376,000 after acquiring an additional 29 shares during the last quarter. Total Clarity Wealth Management Inc. raised its position in shares of American Express by 3.4% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company's stock worth $323,000 after acquiring an additional 29 shares in the last quarter. Finally, Dover Advisors LLC lifted its stake in American Express by 0.4% during the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company's stock worth $2,951,000 after purchasing an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Bank of America upped their price target on American Express from $387.00 to $391.00 and gave the company a "buy" rating in a report on Thursday, July 9th. DZ Bank upgraded shares of American Express from a "hold" rating to a "buy" rating and set a $375.00 price objective for the company in a research report on Thursday, June 18th. Piper Sandler cut shares of American Express from an "overweight" rating to a "hold" rating in a report on Monday, July 13th. HSBC boosted their price target on shares of American Express from $312.00 to $329.00 and gave the company a "hold" rating in a research report on Monday, July 13th. Finally, BTIG Research dropped their price objective on American Express from $324.00 to $315.00 and set a "sell" rating on the stock in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $372.84.

American Express Stock Performance

Shares of AXP opened at $340.96 on Friday. The company's 50 day simple moving average is $338.12 and its 200-day simple moving average is $328.26. The firm has a market cap of $230.25 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.38 and a beta of 1.04. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. The firm 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be issued 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 presently 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.

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