N10 Assets LLC Makes New $5.18 Million Investment in American Express Company $AXP

N10 Assets LLC bought a new position in American Express Company (NYSE:AXP) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 15,305 shares of the payment services company’s stock, valued at approximately $5,177,000. American Express accounts for 2.2% of N10 Assets LLC’s holdings, making the stock its 20th biggest holding.

A number of other large investors have also recently modified their holdings of the stock. Evolution Wealth Management Inc. lifted its holdings in 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 worth $25,000 after buying an additional 66 shares during the period. Joseph Group Capital Management purchased a new position in shares of American Express during the 4th quarter worth approximately $26,000. Sfam LLC bought a new position in shares of American Express in the 4th quarter worth approximately $26,000. Measured Wealth Private Client Group LLC bought a new position in shares of American Express in the 3rd quarter worth approximately $28,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of American Express in the 4th quarter valued at approximately $28,000. Institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AXP shares. TD Cowen lifted their price target on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. UBS Group lowered their price objective on American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research report on Thursday, June 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. Finally, Barclays lifted their price target on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $373.32.

American Express Stock Performance

American Express stock opened at $334.03 on Friday. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $225.57 billion, a P/E ratio of 20.27, a PEG ratio of 1.36 and a beta of 1.04. The stock’s 50 day moving average is $342.96 and its 200 day moving average is $326.13.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) 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 $19.64 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter in the previous year, the business earned $4.08 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts predict that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

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