Principle Wealth Partners LLC Takes $2.93 Million Position in American Express Company $AXP

Principle Wealth Partners LLC acquired a new stake in American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,662 shares of the payment services company’s stock, valued at approximately $2,930,000.

Other hedge funds have also added to or reduced their stakes in the company. Evolution Wealth Management Inc. grew its stake 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 valued at $25,000 after acquiring an additional 66 shares during the period. Joseph Group Capital Management acquired a new stake in shares of American Express during the fourth quarter worth about $26,000. Sfam LLC acquired a new position in shares of American Express in the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in American Express during the 4th quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in American Express during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP opened at $336.50 on Tuesday. The stock has a market capitalization of $227.24 billion, a price-to-earnings ratio of 20.42, a PEG 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. The firm has a fifty day simple moving average of $341.81 and a 200 day simple moving average of $327.17. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same period in the previous year, the business earned $4.08 EPS. The company’s 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. Research analysts forecast that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were given a $0.95 dividend. The ex-dividend date of this dividend 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 currently 23.06%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Bank of America lifted their price target 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. Royal Bank Of Canada lowered shares of American Express from a “moderate buy” rating to a “hold” rating in a report on Monday, July 13th. Evercore set a $370.00 price objective on shares of American Express in a research report on Monday, July 27th. Guggenheim started coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. Finally, HSBC upped their target price on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. One 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $373.32.

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.