NewEdge Wealth LLC Invests $8.18 Million in American Express Company $AXP

Key Points

• NewEdge Wealth acquired 24,186 American Express shares worth approximately $8.18 million during the second quarter. Institutional investors collectively own 84.33% of AXP’s outstanding stock.
• American Express reported quarterly EPS of $4.53, exceeding the $4.41 consensus estimate, while revenue rose 10% year over year to $19.64 billion. The company guided to fiscal 2026 EPS of $17.30–$17.90.
• AXP maintains a quarterly dividend of $0.95, or $3.80 annually, representing a 1.1% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $373.32.

NewEdge Wealth LLC acquired a new position in shares of American Express Company (NYSE:AXP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 24,186 shares of the payment services company's stock, valued at approximately $8,181,000.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of American Express during the 2nd quarter worth about $14,208,662,000. State Street Corp boosted its stake in American Express by 1.3% during the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company's stock valued at $10,900,528,000 after purchasing an additional 369,967 shares during the period. Fisher Asset Management LLC grew its holdings in American Express by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company's stock valued at $3,338,238,000 after buying an additional 141,936 shares during the last quarter. Bank of America Corp DE grew its holdings in American Express by 7.7% in the 4th quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company's stock valued at $2,904,218,000 after buying an additional 558,533 shares during the last quarter. Finally, Capital World Investors increased its position in American Express by 46.7% in the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company's stock worth $2,780,424,000 after buying an additional 2,393,340 shares during the period. 84.33% of the stock is currently owned by institutional investors.

American Express Trading Up 0.4%

Shares of AXP stock opened at $339.90 on Thursday. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a market capitalization of $229.54 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. The firm has a 50 day moving average price of $342.72 and a two-hundred day moving average price of $326.91. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP - Get Free Report) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. The company had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts predict that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express's dividend payout ratio is currently 23.06%.

Analyst Ratings Changes

A number of research analysts have recently commented on AXP shares. TD Cowen upped their price target on American Express from $330.00 to $338.00 and gave the stock a "hold" rating in a report on Tuesday, July 7th. Guggenheim assumed coverage on shares of American Express in a research note on Monday, July 13th. They issued a "buy" rating on the stock. Evercore set a $370.00 target price on shares of American Express in a research note on Monday, July 27th. Bank of America upped their target price on shares of American Express from $387.00 to $391.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. Finally, Barclays increased their price target on shares of American Express from $322.00 to $364.00 and gave the company an "equal weight" rating in a report on Tuesday, July 7th. One research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, American Express presently has an average rating of "Moderate Buy" and an average price target of $373.32.

Trending Headlines about American Express

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express is expanding its premium lifestyle and sports partnerships by naming St Andrews Links its Official Payments Partner. The agreement could increase global brand visibility, card-member engagement and spending among affluent travelers and golf fans. American Express and St Andrews Links Trust partnership
• Positive Sentiment: AXP has expanded virtual-card capabilities for U.S. commercial customers through its @ Work platform and Conferma. The move embeds American Express more deeply into corporate payment and travel workflows, potentially improving retention, security and business-spending volumes. American Express expanded virtual cards strategy
• Positive Sentiment: A profile of CEO Steve Squeri highlights American Express’s successful focus on millennials and Gen Z customers, including the willingness of younger consumers to pay premium annual fees for differentiated benefits. The narrative reinforces the company’s premium-card strategy and customer growth potential. American Express CEO and premium card strategy
• Neutral Sentiment: Management will participate in the Barclays Global Financial Services Conference on September 16. The event may provide updates on spending trends, credit quality and 2026 guidance, but no new financial outlook was announced. American Express Barclays conference announcement
• Neutral Sentiment: American Express is among the holdings in US Financial 15 Split Corp., which declared a monthly preferred-share distribution. The announcement has no direct impact on AXP’s earnings or capital allocation. US Financial 15 preferred dividend announcement

American Express 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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