Strategic Family Wealth Counselors L.L.C. Acquires 1,926 Shares of American Express Company $AXP

Strategic Family Wealth Counselors L.L.C. boosted its holdings in shares of American Express Company (NYSE:AXP) by 127.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,440 shares of the payment services company’s stock after acquiring an additional 1,926 shares during the quarter. Strategic Family Wealth Counselors L.L.C.’s holdings in American Express were worth $1,212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AXP. Joseph Group Capital Management bought a new position in shares of American Express in the fourth quarter valued at approximately $26,000. Valley Wealth Managers Inc. raised its position in shares of American Express by 153.3% in the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 46 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of American Express in the third quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC bought a new position in shares of American Express in the third quarter valued at approximately $28,000. Finally, Guerra Advisors Inc bought a new position in shares of American Express in the third quarter valued at approximately $28,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AXP. Truist Financial dropped their price target on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Wells Fargo & Company dropped their price target on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Barclays dropped their price target on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Weiss Ratings lowered shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Finally, Bank of America lifted their price target on shares of American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $357.47.

American Express Trading Down 1.6%

Shares of American Express stock opened at $309.25 on Thursday. The company’s fifty day simple moving average is $310.58 and its 200-day simple moving average is $342.93. The company has a market cap of $211.01 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 1.28 and a beta of 1.08. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. American Express Company has a 1 year low of $281.46 and a 1 year high of $387.49.

American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.27. The business had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. American Express’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts expect that American Express Company will post 17.59 EPS for the current year.

American Express Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 3rd were paid a $0.95 dividend. The ex-dividend date was Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. American Express’s dividend payout ratio is 23.71%.

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.