American Express Company $AXP Position Decreased by Ibex Wealth Advisors

Ibex Wealth Advisors lowered its holdings in American Express Company (NYSE:AXP) by 81.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,669 shares of the payment services company’s stock after selling 16,360 shares during the quarter. Ibex Wealth Advisors’ holdings in American Express were worth $1,110,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Kestra Advisory Services LLC grew its position in American Express by 8.8% in the first quarter. Kestra Advisory Services LLC now owns 75,182 shares of the payment services company’s stock worth $22,741,000 after buying an additional 6,054 shares during the last quarter. Money Concepts Capital Corp lifted its position in shares of American Express by 3.0% during the 1st quarter. Money Concepts Capital Corp now owns 3,191 shares of the payment services company’s stock valued at $965,000 after acquiring an additional 93 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its stake in shares of American Express by 1.4% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 174,364 shares of the payment services company’s stock worth $52,576,000 after acquiring an additional 2,339 shares in the last quarter. Griffith & Werner Inc. grew its holdings in shares of American Express by 15.5% in the 1st quarter. Griffith & Werner Inc. now owns 5,879 shares of the payment services company’s stock worth $1,778,000 after acquiring an additional 787 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its holdings in shares of American Express by 20.0% in the 1st quarter. Personal CFO Solutions LLC now owns 10,622 shares of the payment services company’s stock worth $3,213,000 after acquiring an additional 1,772 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Trading Up 3.0%

NYSE:AXP opened at $346.34 on Friday. The stock has a market cap of $236.32 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 1.39 and a beta of 1.04. 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 current ratio of 1.57 and a quick ratio of 1.56. The stock’s 50-day moving average is $324.91 and its two-hundred day moving average is $332.08.

American Express (NYSE:AXP) last posted 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. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts forecast that American Express Company will post 17.66 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

More American Express News

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

• Positive Sentiment: Bank of America raised its price target on American Express to $391 from $387 and kept a buy rating, signaling confidence in further upside from current levels.
• Positive Sentiment: American Express broke ground on its new global headquarters at 2 World Trade Center, a high-profile milestone that highlights long-term investment in the brand and its New York footprint. American Express Breaks Ground on New Headquarters at 2 World Trade Center
• Positive Sentiment: Several recent articles point to solid spending growth, rising revenues, and strong premium-customer positioning, which supports the view that AXP remains a quality long-term financial stock.
• Neutral Sentiment: Market commentary and options-market articles suggest traders are watching for a potential near-term move, but these pieces are more speculative than fundamental.
• Negative Sentiment: AXP was reported to have fallen more than the broader market in the prior session, reflecting some short-term volatility and profit-taking after its recent run-up.

Wall Street Analyst Weigh In

AXP has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Wells Fargo & Company cut their price objective on American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Loop Capital assumed coverage on shares of American Express in a research note on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective for the company. Royal Bank Of Canada set a $415.00 target price on shares of American Express in a research report on Friday, April 10th. Finally, Truist Financial boosted their price target on shares of American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, American Express has a consensus rating of “Hold” and an average price target of $368.70.

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.