Corient Private Wealth LP Reduces Stake in American Express Company $AXP

Key Points

• Corient Private Wealth LP reduced its American Express stake by 10.8% in the second quarter, selling 87,229 shares and retaining 718,481 shares valued at approximately $243 million.
• American Express reported quarterly EPS of $4.53, beating estimates of $4.41, while revenue rose 10% year over year to $19.64 billion, slightly below expectations.
• AXP shares opened at $320.73, below their 50-day average, while analysts maintained a “Moderate Buy” consensus with an average price target of $373.32.

Corient Private Wealth LP lessened its holdings in shares of American Express Company (NYSE:AXP) by 10.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 718,481 shares of the payment services company's stock after selling 87,229 shares during the period. Corient Private Wealth LP owned 0.11% of American Express worth $243,026,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Dover Advisors LLC grew its position in shares of American Express by 0.4% in the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company's stock valued at $2,951,000 after buying an additional 29 shares during the last quarter. Invenio Wealth Partners LLC boosted its stake in American Express by 3.9% in the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company's stock valued at $258,000 after acquiring an additional 29 shares in the last quarter. Onyx Bridge Wealth Group LLC increased its position in shares of American Express by 3.6% during the first quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company's stock worth $263,000 after purchasing an additional 30 shares in the last quarter. IMG Wealth Management Inc. lifted its holdings in shares of American Express by 6.3% in the 4th quarter. IMG Wealth Management Inc. now owns 541 shares of the payment services company's stock valued at $200,000 after purchasing an additional 32 shares during the last quarter. Finally, Crown Wealth Group LLC boosted its position in shares of American Express by 5.2% in the 1st quarter. Crown Wealth Group LLC now owns 669 shares of the payment services company's stock valued at $202,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 84.33% of the company's stock.

American Express Trading Down 0.3%

Shares of AXP opened at $320.73 on Friday. American Express Company has a twelve month low of $290.97 and a twelve 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. The firm has a market capitalization of $216.59 billion, a P/E ratio of 19.46, a PEG ratio of 1.37 and a beta of 1.05. The firm's 50-day moving average is $339.99 and its two-hundred day moving average is $324.69.

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. The company had revenue of $19.64 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%. The company's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, research analysts predict 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. Royal Bank Of Canada downgraded shares of American Express from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 13th. Freedom Capital raised shares of American Express from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 14th. Morgan Stanley lowered their price target on American Express from $385.00 to $382.00 and set an "equal weight" rating on the stock in a report on Monday, July 27th. Jefferies Financial Group upgraded American Express from a "hold" rating to a "buy" rating in a research report on Monday, July 13th. Finally, Loop Capital started coverage on American Express in a research report on Thursday, May 21st. They set a "buy" rating and a $389.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $373.32.

American Express Company Profile

American Express Company is a global payments and financial services company that provides payment products, services and experiences to consumers, businesses and institutions. Its offerings include credit and charge cards, consumer and commercial payment solutions, business financing, deposit products and expense-management tools.

The company also operates a global payments network connecting cardmembers, merchants and financial institutions. Through its merchant services business, American Express supports payment acceptance and provides data-driven marketing and customer-engagement solutions.

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