Perigon Wealth Management LLC Invests $22.61 Million in American Express Company $AXP

Key Points

• Perigon Wealth Management acquired 66,831 American Express shares during the second quarter, valued at approximately $22.61 million. Institutional investors collectively own 84.33% of the company’s stock.
• Analyst sentiment remains positive overall, with American Express holding a “Moderate Buy” consensus rating and an average price target of $373.32. Recent analysts issued both upgrades and target-price increases, although some maintained “Hold” ratings.
• American Express reported quarterly EPS of $4.53, exceeding the $4.41 consensus estimate, while revenue rose 10% year over year to $14.99 billion. The company also paid a quarterly dividend of $0.95 per share, equivalent to a 1.1% annualized yield.

Perigon Wealth Management LLC acquired a new stake in shares of American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 66,831 shares of the payment services company's stock, valued at approximately $22,605,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Evolution Wealth Management Inc. lifted its stake 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 worth $25,000 after purchasing an additional 66 shares in the last quarter. Joseph Group Capital Management purchased a new position in shares of American Express during the 4th quarter valued at $26,000. Sfam LLC bought a new position in shares of American Express in the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of American Express in the fourth quarter worth $28,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in shares of American Express in the fourth quarter worth $29,000. Institutional investors own 84.33% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Freedom Capital raised American Express from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 14th. Barclays upped their target price on American Express from $322.00 to $364.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 7th. HSBC lifted their price target on American Express from $312.00 to $329.00 and gave the company a "hold" rating in a research report on Monday, July 13th. Royal Bank Of Canada lowered American Express from a "moderate buy" rating to a "hold" rating in a report on Monday, July 13th. Finally, Jefferies Financial Group upgraded shares of American Express from a "hold" rating to a "buy" rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $373.32.

American Express Stock Down 1.7%

AXP opened at $336.50 on Tuesday. The stock has a market cap of $227.24 billion, a PE ratio of 20.42, a P/E/G ratio of 1.38 and a beta of 1.04. 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 Company has a 52 week low of $290.97 and a 52 week high of $387.49. The business's fifty day simple moving average is $341.81 and its 200 day simple moving average is $327.17.

American Express (NYSE:AXP - Get Free Report) last released 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 business had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter last year, the business posted $4.08 earnings per share. The company's revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, research analysts expect that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

About American Express

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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