Emerald Investment Advisers LLC Takes Position in American Express Company $AXP

Emerald Investment Advisers LLC bought a new stake in American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,785 shares of the payment services company's stock, valued at approximately $6,354,000.

Other institutional investors have also added to or reduced their stakes in the company. Evolution Wealth Management Inc. raised its holdings in American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company's stock valued at $25,000 after acquiring an additional 66 shares in the last quarter. Joseph Group Capital Management bought a new stake in shares of American Express in the 4th quarter worth approximately $26,000. Sfam LLC acquired a new stake in shares of American Express during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of American Express during the fourth quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of American Express during the third quarter valued at approximately $28,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AXP. BTIG Research reduced their target price on American Express from $324.00 to $315.00 and set a "sell" rating for the company in a research report on Monday, July 27th. TD Cowen lifted their price target on shares of American Express from $330.00 to $338.00 and gave the stock a "hold" rating in a research note on Tuesday, July 7th. Bank of America boosted their price target on shares of American Express from $387.00 to $391.00 and gave the company a "buy" rating in a report on Thursday, July 9th. Freedom Capital raised shares of American Express from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. upgraded shares of American Express from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $328.00 to $400.00 in a research report on Monday, July 13th. One 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $373.32.

American Express Price Performance

American Express stock opened at $336.00 on Friday. 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 company has a market capitalization of $226.90 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. American Express Company has a one year low of $290.97 and a one year high of $387.49. The business has a 50 day simple moving average of $343.19 and a 200 day simple moving average of $326.83.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share 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 firm had revenue of $19.64 billion for the quarter, compared to analysts' expectations of $19.70 billion. During the same period in the prior year, the business posted $4.08 earnings per share. The business's 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. On average, sell-side analysts forecast that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The company 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. 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 currently 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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