Private Advisory Group LLC Takes $12.92 Million Position in American Express Company $AXP

Key Points

• Private Advisory Group LLC acquired 38,198 American Express shares worth approximately $12.92 million in the second quarter. Institutional investors collectively own 84.33% of AXP’s outstanding stock.
• American Express reported quarterly EPS of $4.53, exceeding estimates of $4.41, while revenue rose 10% year over year to $14.99 billion. The company issued fiscal 2026 EPS guidance of $17.30–$17.90 and pays an annualized dividend of $3.80 per share.
• Analyst sentiment remains generally positive but mixed, with an average “Moderate Buy” rating and a $373.32 price target versus a share price of $342.27. Growth initiatives include expanded corporate virtual cards and an enlarged luxury-hotel offering for Platinum Card members.

Private Advisory Group LLC bought a new position in shares of American Express Company (NYSE:AXP - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 38,198 shares of the payment services company's stock, valued at approximately $12,920,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Evolution Wealth Management Inc. grew its stake in American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company's stock worth $25,000 after buying an additional 66 shares during the period. Joseph Group Capital Management acquired a new stake in shares of American Express in the fourth quarter worth $26,000. Sfam LLC purchased a new position in shares of American Express in the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of American Express in the 3rd quarter valued at $28,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 84.33% of the company's stock.

American Express Trading Down 0.4%

NYSE AXP opened at $342.27 on Friday. The stock has a market cap of $231.14 billion, a P/E ratio of 20.77, a PEG ratio of 1.38 and a beta of 1.04. The company's fifty day simple moving average is $341.33 and its 200-day simple moving average is $327.58. The company has a current ratio of 1.55, a quick ratio of 1.54 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.

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 net margin of 15.07% and a return on equity of 34.12%. The business had revenue of $14.99 billion during the quarter, compared to analyst estimates of $19.70 billion. During the same period last year, the business earned $4.08 EPS. The business's revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were given 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 presently 23.06%.

Key Headlines Impacting American Express

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

• Positive Sentiment: Expanded virtual-card capabilities: AXP is making American Express Virtual Cards available through its @ Work platform for U.S. corporate customers. The products offer adjustable spending limits, enhanced fraud protection and easier expense management, potentially increasing commercial-payment volumes and customer retention. American Express expands virtual cards for US commercial customers
• Positive Sentiment: Premium travel ecosystem strengthened: American Express added 350 luxury hotels across 116 countries to the Platinum Card travel program. More curated booking options could improve the value proposition of its premium cards, support spending and help justify annual fees. American Express adds 350 luxury hotels to Platinum Card travel program
• Positive Sentiment: Evidence of loyalty-driven spending: United Airlines’ results highlighted how American Express perks can help capture premium travel spending, even without a United co-branded card. The example supports AXP’s broader strategy of using travel benefits and partnerships to attract affluent customers. Popular legacy airline captures premium spend because of American Express perks
• Positive Sentiment: Constructive analyst outlook: Piper Sandler forecast meaningful appreciation potential for AXP shares, providing a positive signal following the company’s recent earnings beat and continued revenue growth. Piper Sandler Forecasts Strong Price Appreciation for American Express Stock
• Neutral Sentiment: Capital structure update: AXP issued Series E preferred shares and announced full redemption of Series D preferred shares. The move may improve funding flexibility, but it also adds preferred financing obligations and has limited direct impact on common-share earnings. American Express Issues New Series E Preferred Shares
• Neutral Sentiment: Mixed analyst sentiment: Coverage of AXP showed differing views, suggesting valuation and expectations remain areas of debate despite the company’s strong operating trends. Analysts Have Conflicting Sentiments on American Express

Analysts Set New Price Targets

A number of brokerages recently weighed in on AXP. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of American Express in a research report on Monday, July 13th. BTIG Research cut their price objective on American Express from $324.00 to $315.00 and set a "sell" rating on the stock in a research report on Monday, July 27th. Freedom Capital upgraded American Express from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 14th. Jefferies Financial Group raised American Express from a "hold" rating to a "buy" rating in a research report on Monday, July 13th. Finally, Morgan Stanley lowered their target price on American Express from $385.00 to $382.00 and set an "equal weight" rating for the company in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, American Express has an average rating of "Moderate Buy" and an average price target of $373.32.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source