Proficio Capital Partners LLC Increases Holdings in American Express Company $AXP

Proficio Capital Partners LLC boosted its holdings in American Express Company (NYSE:AXP) by 156.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,532 shares of the payment services company’s stock after purchasing an additional 2,156 shares during the quarter. Proficio Capital Partners LLC’s holdings in American Express were worth $1,195,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of American Express during the 2nd quarter valued at about $14,208,662,000. Norges Bank bought a new position in shares of American Express during the 4th quarter valued at approximately $2,464,215,000. Corient Private Wealth LP purchased a new position in shares of American Express in the second quarter valued at $253,945,000. Bank of New York Mellon Corp bought a new stake in American Express in the second quarter worth $1,263,787,000. Finally, Legal & General Group Plc purchased a new stake in American Express during the second quarter valued at $1,138,054,000. 84.33% of the stock is currently owned by institutional investors.

American Express Trading Up 0.1%

AXP opened at $336.32 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The stock’s 50 day moving average price is $343.05 and its 200-day moving average price is $326.31. American Express Company has a one year low of $290.97 and a one year high of $387.49. The stock has a market cap of $227.12 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 1.36 and a beta of 1.04.

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, topping 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 firm had revenue of $19.64 billion during the quarter, compared to analyst estimates of $19.70 billion. During the same period last year, the company earned $4.08 EPS. American Express’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 analysts forecast that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend 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 Analyst Weigh In

AXP has been the topic of several analyst reports. UBS Group reduced their price objective on American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Piper Sandler increased their price target on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Truist Financial lifted their price objective on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a research report on Thursday, June 18th. One equities 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $373.32.

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.