Chemistry Wealth Management LLC Sells 3,047 Shares of American Express Company $AXP

Chemistry Wealth Management LLC reduced its stake in shares of American Express Company (NYSE:AXP) by 5.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,684 shares of the payment services company’s stock after selling 3,047 shares during the period. American Express makes up about 2.7% of Chemistry Wealth Management LLC’s holdings, making the stock its 9th largest position. Chemistry Wealth Management LLC’s holdings in American Express were worth $17,144,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evolution Wealth Management Inc. lifted its stake in shares of American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management purchased a new stake in American Express during the fourth quarter worth about $26,000. Sfam LLC acquired a new position in American Express during the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express during the fourth quarter worth about $28,000. Finally, Wilkerson Advisory Group LLC purchased a new position in American Express in the fourth quarter valued at about $29,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Down 0.5%

Shares of NYSE AXP opened at $340.96 on Friday. The firm’s 50-day moving average is $338.12 and its two-hundred day moving average is $328.26. The company has a market capitalization of $230.25 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.37 and a beta of 1.04. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping 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 analysts’ expectations of $19.70 billion. During the same period last year, the company posted $4.08 EPS. The company’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 analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.1%. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AXP shares. JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $328.00 to $400.00 in a research report on Monday, July 13th. Barclays upped their price target on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Truist Financial lifted their price objective on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $372.84.

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.