Ieq Capital LLC Purchases New Position in American Express Company $AXP

Ieq Capital LLC acquired a new stake in American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,522 shares of the payment services company’s stock, valued at approximately $1,191,000.

Several other hedge funds also recently made changes to their positions in AXP. Evolution Wealth Management Inc. grew 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 buying an additional 66 shares during the last quarter. Joseph Group Capital Management acquired a new position in American Express during the fourth quarter worth approximately $26,000. Sfam LLC purchased a new stake in American Express in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express in the fourth quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of American Express during the third quarter worth approximately $28,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Up 0.1%

American Express stock opened at $336.32 on Thursday. The stock’s 50 day moving average price is $343.05 and its 200 day moving average price is $326.31. The company has a market cap of $227.12 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49.

American Express (NYSE:AXP) last released 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. The company had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.American Express’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were paid a $0.95 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s dividend payout ratio (DPR) is 23.06%.

Analysts Set New Price Targets

AXP has been the subject of several research reports. UBS Group reduced their price target on shares of American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. HSBC raised their price objective on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Truist Financial upped their target price 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. Royal Bank Of Canada lowered American Express from a “moderate buy” rating to a “hold” rating in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. upgraded American Express from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $328.00 to $400.00 in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

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.