Corient Private Wealth LP Purchases New Position in American Express Company $AXP

Key Points

• Corient Private Wealth LP acquired 4.77 million American Express shares in the second quarter, worth approximately $253.9 million and representing about 0.71% of the company. Institutional investors collectively own 84.33% of AXP.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $373.32; targets range from Morgan Stanley’s $382 to Piper Sandler’s $405.
• American Express exceeded quarterly EPS expectations, reporting $4.53 versus the $4.41 consensus, while revenue rose 10% year over year to $19.64 billion. The company also pays a quarterly dividend of $0.95, or $3.80 annually, yielding about 1.1%.

Corient Private Wealth LP acquired a new position in shares of American Express Company (NYSE:AXP) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,772,934 shares of the payment services company's stock, valued at approximately $253,945,000. Corient Private Wealth LP owned approximately 0.71% of American Express as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company's stock worth $1,924,000 after acquiring an additional 1,273 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of American Express by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company's stock valued at $554,000 after purchasing an additional 200 shares in the last quarter. Schnieders Capital Management LLC. bought a new position in shares of American Express during the second quarter valued at about $428,000. Howland Capital Management LLC boosted its holdings in American Express by 4.2% during the second quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company's stock worth $707,000 after purchasing an additional 90 shares during the last quarter. Finally, HUB Investment Partners LLC grew its position in American Express by 19.9% in the 2nd quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company's stock worth $924,000 after purchasing an additional 481 shares in the last quarter. Institutional investors own 84.33% of the company's stock.

Analysts Set New Price Targets

AXP has been the subject of several analyst reports. Jefferies Financial Group upgraded shares of American Express from a "hold" rating to a "buy" rating in a research note on Monday, July 13th. Morgan Stanley cut their target price on American Express from $385.00 to $382.00 and set an "equal weight" rating on the stock in a research note on Monday, July 27th. Piper Sandler increased their price target on American Express from $396.00 to $405.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. Guggenheim started coverage on American Express in a report on Monday, July 13th. They set a "buy" rating on the stock. Finally, Royal Bank Of Canada cut American Express from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, American Express has an average rating of "Moderate Buy" and an average price target of $373.32.

American Express Stock Up 0.1%

AXP stock opened at $336.32 on Thursday. The stock has a fifty day moving average of $343.05 and a 200-day moving average of $326.31. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The company has a market capitalization of $227.12 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.36 and a beta of 1.04. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $19.64 billion for the quarter, compared to analysts' expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research 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 paid a $0.95 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express's dividend payout ratio (DPR) is presently 23.06%.

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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