Focus Partners Advisor Solutions LLC purchased a new stake in American Express Company (NYSE:AXP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,429 shares of the payment services company’s stock, valued at approximately $1,837,000.
Several other large investors have also modified their holdings of the business. Cornerstone Advisory LLC raised its position in shares of American Express by 2.9% during the 4th quarter. Cornerstone Advisory LLC now owns 1,017 shares of the payment services company’s stock worth $376,000 after purchasing an additional 29 shares during the last quarter. Total Clarity Wealth Management Inc. lifted its stake in American Express by 3.4% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock valued at $323,000 after buying an additional 29 shares in the last quarter. Dover Advisors LLC grew its holdings in American Express by 0.4% during the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock valued at $2,951,000 after buying an additional 29 shares during the last quarter. Invenio Wealth Partners LLC increased its position in American Express by 3.9% during the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock worth $258,000 after buying an additional 29 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in American Express by 1.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,167 shares of the payment services company’s stock worth $1,172,000 after buying an additional 30 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.
American Express Stock Down 0.4%
Shares of NYSE:AXP opened at $342.27 on Friday. 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 $231.14 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.38 and a beta of 1.04. The stock’s 50-day moving average price is $341.33 and its two-hundred day moving average price is $327.58. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49.
American Express Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is 23.06%.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on AXP shares. Truist Financial upped their price objective on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Bank of America boosted their target price on shares of American Express from $387.00 to $391.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Piper Sandler raised their price target on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $328.00 to $400.00 in a report on Monday, July 13th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $373.32.
Read Our Latest Stock Analysis on American Express
Key Stories 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
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.
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