American Express Company $AXP Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its position in shares of American Express Company (NYSE:AXP) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,398 shares of the payment services company’s stock after purchasing an additional 6,070 shares during the period. NewEdge Advisors LLC’s holdings in American Express were worth $38,019,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dover Advisors LLC raised its stake in American Express by 0.4% in the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock valued at $2,951,000 after buying an additional 29 shares in the last quarter. Invenio Wealth Partners LLC boosted 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 worth $258,000 after acquiring an additional 29 shares in the last quarter. Onyx Bridge Wealth Group LLC increased its holdings in shares of American Express by 3.6% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company’s stock valued at $263,000 after acquiring an additional 30 shares during the last quarter. IMG Wealth Management Inc. increased its holdings in shares of American Express by 6.3% in the 4th quarter. IMG Wealth Management Inc. now owns 541 shares of the payment services company’s stock valued at $200,000 after acquiring an additional 32 shares during the last quarter. Finally, Crown Wealth Group LLC raised its position in shares of American Express by 5.2% during the 1st quarter. Crown Wealth Group LLC now owns 669 shares of the payment services company’s stock worth $202,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Trading Down 1.3%

NYSE:AXP opened at $321.94 on Thursday. The company has a market capitalization of $217.41 billion, a PE ratio of 19.53, a P/E/G ratio of 1.39 and a beta of 1.05. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The stock’s 50 day moving average price is $340.61 and its 200 day moving average price is $324.87. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share 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 analysts’ expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, research analysts anticipate that American Express Company will post 17.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 price target for the company in a report on Thursday, June 18th. Truist Financial raised their price objective on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Evercore set a $370.00 target price on shares of American Express in a report on Monday, July 27th. Finally, Benchmark initiated coverage on shares of American Express in a research report on Monday, July 13th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $373.32.

American Express Company 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.