Cetera Trust Company N.A bought a new position in shares of American Express Company (NYSE:AXP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,260 shares of the payment services company's stock, valued at approximately $1,103,000.
Other large investors also recently made changes to their positions in the company. Evolution Wealth Management Inc. grew its holdings in American Express by 6,600.0% during 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 during the last quarter. Joseph Group Capital Management acquired a new stake in shares of American Express in the fourth quarter worth $26,000. Sfam LLC bought a new stake in shares of American Express during the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express in the 4th quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in American Express in the 3rd quarter worth $28,000. Institutional investors own 84.33% of the company's stock.
American Express Price Performance
Shares of NYSE:AXP opened at $337.38 on Tuesday. The firm has a market capitalization of $227.84 billion, a PE ratio of 20.47, a PEG ratio of 1.36 and a beta of 1.04. 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 1-year low of $290.97 and a 1-year high of $387.49. The business's 50 day moving average is $343.23 and its 200-day moving average is $326.56.
American Express (NYSE:AXP - Get Free Report) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping 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 $19.64 billion during the quarter, compared to analysts' expectations of $19.70 billion. During the same period last year, the business earned $4.08 earnings per share. American Express's quarterly revenue 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 predict that American Express Company will post 17.67 earnings per share for the current year.
American Express Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were given 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 23.06%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on AXP shares. Evercore set a $370.00 price target on shares of American Express in a report on Monday, July 27th. Jefferies Financial Group upgraded American Express from a "hold" rating to a "buy" rating in a research note on Monday, July 13th. Guggenheim began coverage on American Express in a research report on Monday, July 13th. They issued a "buy" rating on the stock. The Goldman Sachs Group upped their price target on American Express from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Tuesday, April 28th. Finally, HSBC boosted their target price on shares of American Express from $312.00 to $329.00 and gave the stock a "hold" rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $373.32.
Read Our Latest Stock Report on AXP
About American Express
(
Free Report)
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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