Keebeck Wealth Management Makes New Investment in American Express Company $AXP

Keebeck Wealth Management bought a new position in shares of American Express Company (NYSE:AXP) during the 2nd quarter, HoldingsChannel reports. The firm bought 2,460 shares of the payment services company’s stock, valued at approximately $832,000.

Several other large investors have also modified their holdings of the business. Evolution Wealth Management Inc. boosted its stake in shares of 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 valued at $25,000 after purchasing an additional 66 shares in the last quarter. Joseph Group Capital Management bought a new position in American Express in the fourth quarter worth approximately $26,000. Sfam LLC bought a new position in American Express in the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in American Express during the fourth quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in American Express during the 3rd quarter valued at $28,000. Institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Evercore set a $370.00 price target on American Express in a report on Monday, July 27th. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Loop Capital assumed coverage on American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price on the stock. UBS Group reduced their target price on shares of American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Finally, Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One equities research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Stock Performance

Shares of AXP opened at $336.00 on Friday. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The stock has a fifty day moving average price of $343.19 and a 200-day moving average price of $326.83. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The firm has a market cap of $226.90 billion, a PE ratio of 20.39, a P/E/G ratio of 1.34 and a beta of 1.04.

American Express (NYSE:AXP) last posted 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 return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $19.64 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter last year, the firm earned $4.08 EPS. The business’s quarterly 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 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were paid a dividend of $0.95 per share. The ex-dividend date was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s payout ratio is presently 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.