American Express Company $AXP Stock Bought by Baker Tilly Wealth Management LLC

Key Points

• Baker Tilly Wealth Management increased its American Express stake by 112.6% in the third quarter, bringing its holdings to 6,435 shares valued at approximately $1.96 million.
• Institutional ownership remains substantial, with hedge funds and other institutions holding 84.33% of American Express shares; major investors including State Street and BlackRock also expanded or initiated positions.
• American Express reported quarterly EPS of $4.53, beating estimates, and declared a quarterly dividend of $0.95 per share. Analysts’ average rating is “Hold,” with an average price target of $364.62.

Baker Tilly Wealth Management LLC raised its stake in shares of American Express Company (NYSE:AXP) by 112.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,435 shares of the payment services company's stock after buying an additional 3,408 shares during the period. Baker Tilly Wealth Management LLC's holdings in American Express were worth $1,957,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in American Express in the 2nd quarter worth about $14,208,662,000. State Street Corp grew its stake in shares of American Express by 40.2% in the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company's stock valued at $13,857,176,000 after buying an additional 11,739,541 shares in the last quarter. Corient Private Wealth LP acquired a new position in American Express in the second quarter worth approximately $253,945,000. Bank of New York Mellon Corp acquired a new position in American Express in the second quarter worth approximately $1,263,787,000. Finally, Legal & General Group Plc bought a new position in American Express during the second quarter valued at approximately $1,138,054,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Stock Performance

American Express stock traded up $0.40 on Monday, reaching $303.18. 947,023 shares of the stock were exchanged, compared to its average volume of 3,234,720. 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 Company has a twelve month low of $290.97 and a twelve month high of $387.49. The firm has a fifty day moving average price of $327.48 and a two-hundred day moving average price of $324.74. The stock has a market cap of $204.74 billion, a PE ratio of 18.41, a PEG ratio of 1.29 and a beta of 1.08.

American Express (NYSE:AXP - Get Free Report) last posted 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 business 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%.The firm's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous 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 anticipate that American Express Company will post 17.68 EPS for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be given a $0.95 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.3%. American Express's dividend payout ratio (DPR) is currently 23.06%.

Analyst Ratings Changes

AXP has been the subject of several recent research reports. The Goldman Sachs Group boosted their target price on shares of American Express from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. Loop Capital reduced their price objective on shares of American Express from $389.00 to $386.00 and set a "buy" rating for the company in a research note on Monday, July 27th. Piper Sandler increased their target price on shares of American Express from $396.00 to $405.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. Royal Bank Of Canada lowered American Express from a "moderate buy" rating to a "hold" rating in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. upgraded American Express from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $328.00 to $400.00 in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $364.62.

American Express Company Profile

American Express Company NYSE: AXP is a global financial services company that provides payment, lending, travel and related products to consumers, small businesses and corporate customers. Its offerings include consumer and business charge and credit cards, payment solutions, commercial financing, deposit products and rewards programs.

American Express also operates a worldwide merchant network and provides businesses with payment acceptance services, transaction-processing capabilities and data-driven marketing solutions.

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