Evanson Financial LLC Makes New $1.35 Million Investment in American Express Company $AXP

Evanson Financial LLC bought a new position in shares of American Express Company (NYSE:AXP) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,991 shares of the payment services company’s stock, valued at approximately $1,350,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AXP. Keybank National Association OH boosted its position in American Express by 3.0% during the 4th quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock worth $132,909,000 after acquiring an additional 10,495 shares during the last quarter. Swiss Life Asset Management Ltd grew its stake in shares of American Express by 34.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock worth $51,751,000 after acquiring an additional 35,533 shares in the last quarter. Peapack Gladstone Financial Corp raised its holdings in shares of American Express by 6.2% in the fourth quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock valued at $24,416,000 after purchasing an additional 3,855 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. lifted its position in shares of American Express by 4.8% in the fourth quarter. Sumitomo Mitsui Financial Group Inc. now owns 86,871 shares of the payment services company’s stock worth $32,138,000 after purchasing an additional 4,008 shares in the last quarter. Finally, NewEdge Wealth LLC lifted its position in shares of American Express by 52.5% in the fourth quarter. NewEdge Wealth LLC now owns 39,558 shares of the payment services company’s stock worth $14,635,000 after purchasing an additional 13,619 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AXP. Benchmark began coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. The Goldman Sachs Group increased their price target on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Bank of America boosted their price target on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Guggenheim assumed coverage on American Express in a research note on Monday, July 13th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, American Express presently has a consensus rating of “Moderate Buy” and a consensus price target of $372.84.

American Express Trading Down 0.5%

Shares of AXP stock opened at $340.96 on Friday. The firm has a 50 day moving average price of $338.12 and a two-hundred day moving average price of $328.26. 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 $230.25 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.38 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.

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 the consensus estimate of $4.41 by $0.12. The business had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts predict that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be paid 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 is Thursday, July 2nd. American Express’s payout ratio is 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.