RFG Advisory LLC Cuts Position in American Express Company $AXP

RFG Advisory LLC lessened its position in American Express Company (NYSE:AXP) by 21.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,661 shares of the payment services company’s stock after selling 2,952 shares during the quarter. RFG Advisory LLC’s holdings in American Express were worth $3,606,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Dover Advisors LLC boosted its holdings in shares of American Express by 0.4% in the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock worth $2,951,000 after purchasing an additional 29 shares in the last quarter. Invenio Wealth Partners LLC increased its position in shares of American Express by 3.9% during the 3rd quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock valued at $258,000 after purchasing an additional 29 shares during the last quarter. Onyx Bridge Wealth Group LLC raised its holdings in shares of American Express by 3.6% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company’s stock valued at $263,000 after buying an additional 30 shares in the last quarter. IMG Wealth Management Inc. raised its holdings in shares of American Express by 6.3% during the 4th quarter. IMG Wealth Management Inc. now owns 541 shares of the payment services company’s stock valued at $200,000 after buying an additional 32 shares in the last quarter. Finally, Crown Wealth Group LLC boosted its stake in American Express by 5.2% in the first quarter. Crown Wealth Group LLC now owns 669 shares of the payment services company’s stock worth $202,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AXP. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. 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. Guggenheim assumed coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. Benchmark initiated coverage on shares of American Express in a report on Monday, July 13th. They set a “buy” rating on the stock. Finally, Evercore set a $370.00 target price on shares of American Express in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

American Express Price Performance

Shares of AXP stock opened at $321.94 on Thursday. The firm has a market cap of $217.41 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.39 and a beta of 1.05. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The business’s 50 day moving average price is $340.61 and its 200-day moving average price is $324.87. 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 announced its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating 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 company had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter in the prior year, the company earned $4.08 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts anticipate that American Express Company will post 17.68 earnings per share for the current year.

American Express Profile

American Express Company is a global payments and financial services company that provides payment products, services and experiences to consumers, businesses and institutions. Its offerings include credit and charge cards, consumer and commercial payment solutions, business financing, deposit products and expense-management tools.

The company also operates a global payments network connecting cardmembers, merchants and financial institutions. Through its merchant services business, American Express supports payment acceptance and provides data-driven marketing and customer-engagement solutions.