Anchor Capital Advisors LLC Lowers Holdings in American Express Company $AXP

Anchor Capital Advisors LLC lowered its holdings in American Express Company (NYSE:AXP - Free Report) by 6.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,871 shares of the payment services company's stock after selling 3,357 shares during the quarter. Anchor Capital Advisors LLC's holdings in American Express were worth $16,869,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Evolution Wealth Management Inc. lifted 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 buying an additional 66 shares during the last quarter. Archer Investment Corp acquired a new stake in shares of American Express during the second quarter valued at about $25,000. Sfam LLC purchased a new stake in shares of American Express in the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of American Express in the 4th quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of American Express in the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 84.33% of the company's stock.

American Express Trading Down 0.0%

AXP opened at $326.11 on Tuesday. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The stock has a market capitalization of $220.23 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.39 and a beta of 1.05. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The business has a fifty day moving average price of $341.37 and a 200 day moving average price of $325.15.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same quarter last year, the company earned $4.08 EPS. American Express's revenue for the quarter was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts expect that American Express Company will post 17.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

AXP has been the subject of several research reports. Piper Sandler lifted their target price on shares of American Express from $396.00 to $405.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. BTIG Research decreased their price target on American Express from $324.00 to $315.00 and set a "sell" rating on the stock in a research note on Monday, July 27th. Weiss Ratings restated a "hold (c+)" rating on shares of American Express in a research report on Monday, July 13th. TD Cowen lifted their price objective on American Express from $330.00 to $338.00 and gave the company a "hold" rating in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada downgraded American Express from a "moderate buy" rating to a "hold" rating in a report on Monday, July 13th. One 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 given a Sell rating to the company's stock. According to MarketBeat, the stock presently 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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