American Express Company $AXP Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC raised its position in shares of American Express Company (NYSE:AXP) by 87.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,388 shares of the payment services company’s stock after buying an additional 1,584 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in American Express were worth $1,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of AXP. Evolution Wealth Management Inc. lifted its stake in American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after acquiring an additional 66 shares in the last quarter. Joseph Group Capital Management acquired a new position in American Express in the 4th quarter valued at about $26,000. Sfam LLC purchased a new stake in American Express during the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express during the fourth quarter worth about $28,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in shares of American Express during the fourth quarter worth about $29,000. 84.33% of the stock is owned by institutional investors and hedge funds.

More American Express News

Here are the key news stories impacting American Express this week:

• Positive Sentiment: Several new articles from Insider Monkey and Yahoo Finance argue that American Express (AXP) remains an attractive buy, pointing to reasonable valuation, strong brand strength, and support from value investors. Is American Express Company (AXP) A Good Stock To Buy Now?
• Positive Sentiment: Coverage around AXP highlighted resilient lending and credit metrics for its U.S. small business and consumer card portfolios, suggesting disciplined underwriting and manageable credit risk. Resilient Lending Programs Assert American Express Company (AXP) as a Stock to Buy for Good Returns
• Positive Sentiment: Reports that American Express is building a stablecoin and blockchain team signal ongoing investment in digital payments innovation, which could improve the company’s competitive position over time. American Express Builds a Stablecoin Team With VP Role Paying Up to $282,000
• Positive Sentiment: Broader “best stocks to buy now” and “next decade of spending” articles featured AXP as a long-term beneficiary of premium consumer spending and earnings growth. Is American Express Built for the Next Decade of Spending?
• Neutral Sentiment: TransUnion’s new marketing chief was noted to have prior experience at American Express, but the article was primarily about TransUnion and does not appear to have a direct material impact on AXP. Is TransUnion’s (TRU) New Marketing Chief Subtly Reframing Its Data‑Driven Growth Story?

Analyst Ratings Changes

AXP has been the subject of a number of research reports. Piper Sandler initiated coverage on shares of American Express in a report on Monday. They issued an “overweight” rating and a $396.00 price objective for the company. Wells Fargo & Company reduced their target price on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Evercore set a $345.00 price target on shares of American Express in a research report on Wednesday, April 29th. Morgan Stanley dropped their price target on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Finally, Truist Financial increased their price objective on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, American Express currently has a consensus rating of “Hold” and an average target price of $363.19.

American Express Stock Up 0.1%

AXP stock opened at $340.86 on Tuesday. The company’s 50 day moving average price is $321.21 and its 200 day moving average price is $333.89. The firm has a market capitalization of $232.57 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.40 and a beta of 1.06. American Express Company has a fifty-two week low of $288.34 and a fifty-two week high of $387.49. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57.

American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The company had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter in the previous year, the firm earned $3.64 earnings per share. The firm’s quarterly revenue was up 11.4% 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 17.64 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio is 23.71%.

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.