Janney Montgomery Scott LLC Has $85.15 Million Stock Holdings in American Express Company $AXP

Janney Montgomery Scott LLC increased its holdings in shares of American Express Company (NYSE:AXP) by 18.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 230,178 shares of the payment services company’s stock after purchasing an additional 35,688 shares during the quarter. Janney Montgomery Scott LLC’s holdings in American Express were worth $85,154,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Evolution Wealth Management Inc. boosted its holdings in shares of American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after buying an additional 66 shares during the period. Joseph Group Capital Management acquired a new stake in shares of American Express during the fourth quarter worth $26,000. Measured Wealth Private Client Group LLC bought a new stake in American Express in the 3rd quarter valued at $28,000. Torren Management LLC acquired a new position in American Express in the 4th quarter worth $32,000. Finally, Entrust Financial LLC bought a new position in American Express during the 4th quarter worth about $41,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Trading Down 1.5%

Shares of NYSE:AXP opened at $313.76 on Thursday. The company’s 50-day moving average price is $315.03 and its two-hundred day moving average price is $336.30. American Express Company has a one year low of $286.15 and a one year high of $387.49. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The stock has a market capitalization of $214.09 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.29 and a beta of 1.06.

American Express (NYSE:AXPGet Free Report) last released its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter in the previous year, the business earned $3.64 earnings per share. American Express’s quarterly revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts forecast that American Express Company will post 17.59 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. American Express’s payout ratio is 23.71%.

Key Stories Impacting American Express

Here are the key news stories impacting American Express this week:

Analyst Ratings Changes

Several research firms have issued reports on AXP. Bank of America lifted their price target on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Morgan Stanley decreased their price objective on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Barclays dropped their target price on 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. BTIG Research restated a “sell” rating and issued a $285.00 target price on shares of American Express in a research note on Friday, April 24th. Finally, Wells Fargo & Company reduced their price target on American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, American Express has an average rating of “Hold” and a consensus price target of $359.05.

View Our Latest Report on American Express

American Express Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company (NYSE:AXPFree Report).

Institutional Ownership by Quarter for American Express (NYSE:AXP)

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