2,137 Shares in American Express Company $AXP Purchased by Visionary Wealth Advisors

Visionary Wealth Advisors acquired a new stake in American Express Company (NYSE:AXP) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 2,137 shares of the payment services company’s stock, valued at approximately $723,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cullen Capital Management LLC acquired a new position in American Express during the second quarter worth about $5,045,000. Dearborn Partners LLC acquired a new stake in shares of American Express in the second quarter valued at approximately $260,000. Investor s Fiduciary Advisor Network LLC acquired a new stake in shares of American Express in the second quarter valued at approximately $489,000. Ally Financial Inc. purchased a new position in shares of American Express during the 2nd quarter worth approximately $2,368,000. Finally, Cibc World Market Inc. purchased a new position in shares of American Express during the 2nd quarter worth approximately $33,058,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Trading Up 0.4%

Shares of AXP opened at $337.38 on Tuesday. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The company has a market capitalization of $227.84 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. The stock has a fifty day moving average of $343.23 and a two-hundred day moving average of $326.56. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. The business had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts forecast that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were 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 was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AXP. Loop Capital started 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. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Royal Bank Of Canada cut American Express from a “moderate buy” rating to a “hold” rating in a report on Monday, July 13th. BTIG Research reduced their price objective on American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research report on Monday, July 27th. Finally, HSBC increased their price objective on American Express from $312.00 to $329.00 and gave the company 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 given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $373.32.

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.