Wedbush Securities Inc. Has $7.32 Million Stock Holdings in American Express Company $AXP

Wedbush Securities Inc. cut its holdings in shares of American Express Company (NYSE:AXP) by 9.5% during the second quarter, HoldingsChannel.com reports. The firm owned 21,636 shares of the payment services company’s stock after selling 2,278 shares during the quarter. Wedbush Securities Inc.’s holdings in American Express were worth $7,318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. grew its holdings in American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 66 shares during the period. Sfam LLC acquired a new position in American Express in the 4th quarter worth $26,000. Archer Investment Corp bought a new position in American Express during the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express in the 4th quarter valued at about $28,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in shares of American Express in the 4th quarter valued at about $29,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AXP. Loop Capital initiated coverage on American Express in a research report on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective for the company. Royal Bank Of Canada cut shares of American Express from a “moderate buy” rating to a “hold” rating in a report on Monday, July 13th. Benchmark began coverage on shares of American Express in a research report on Monday, July 13th. They issued a “buy” rating for the company. BTIG Research lowered their price target on shares of American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research note on Monday, July 27th. Finally, Barclays increased their price objective on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. One research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

American Express Stock Performance

NYSE AXP opened at $333.64 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The firm’s fifty day moving average price is $342.85 and its two-hundred day moving average price is $326.18. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The firm has a market capitalization of $225.31 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 1.35 and a beta of 1.04.

American Express (NYSE:AXP) last announced its quarterly earnings data 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 net margin of 15.07% and a return on equity of 34.12%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, research analysts anticipate that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express’s payout ratio is 23.06%.

American Express Company 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.