American Express Company $AXP Shares Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC boosted its holdings in American Express Company (NYSE:AXP) by 8.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,277 shares of the payment services company’s stock after acquiring an additional 2,243 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in American Express were worth $10,241,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AXP. Community Bank N.A. grew its holdings in shares of American Express by 17.7% in the 2nd quarter. Community Bank N.A. now owns 6,348 shares of the payment services company’s stock worth $2,147,000 after acquiring an additional 953 shares during the period. NewEdge Advisors LLC raised its holdings in American Express by 5.7% during the second quarter. NewEdge Advisors LLC now owns 112,398 shares of the payment services company’s stock worth $38,019,000 after purchasing an additional 6,070 shares during the last quarter. GFG Capital LLC boosted its position in American Express by 6.1% during the second quarter. GFG Capital LLC now owns 9,039 shares of the payment services company’s stock worth $3,058,000 after purchasing an additional 516 shares in the last quarter. Pointe Capital Management LLC grew its holdings in American Express by 15.9% in the second quarter. Pointe Capital Management LLC now owns 810 shares of the payment services company’s stock valued at $274,000 after purchasing an additional 111 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in American Express by 12.4% in the second quarter. IFP Advisors Inc now owns 19,897 shares of the payment services company’s stock valued at $6,730,000 after purchasing an additional 2,199 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AXP shares. Royal Bank Of Canada lowered shares of American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. HSBC raised their target price on shares of American Express from $312.00 to $329.00 and gave the company a “hold” rating in a report on Monday, July 13th. Guggenheim initiated coverage on shares of American Express in a research report on Monday, July 13th. They set a “buy” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. Finally, Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. One 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 given a Sell rating to the company’s stock. According to MarketBeat.com, American Express currently has an average rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Stock Performance

Shares of AXP stock opened at $320.73 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The firm has a market capitalization of $216.59 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 1.37 and a beta of 1.05. American Express Company has a one year low of $290.97 and a one year high of $387.49. The company has a 50 day moving average price of $339.99 and a 200 day moving average price of $324.69.

American Express (NYSE:AXP) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. American Express’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts anticipate that American Express Company will post 17.68 EPS for the current year.

About American Express

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.