American Express Company $AXP Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC trimmed its position in American Express Company (NYSE:AXP) by 9.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 106,328 shares of the payment services company’s stock after selling 10,819 shares during the period. NewEdge Advisors LLC’s holdings in American Express were worth $32,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after purchasing an additional 1,273 shares in the last quarter. Sivia Capital Partners LLC increased its position in American Express by 13.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after purchasing an additional 200 shares during the period. Schnieders Capital Management LLC. purchased a new position in shares of American Express during the 2nd quarter worth approximately $428,000. Howland Capital Management LLC raised its stake in shares of American Express by 4.2% during the 2nd quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock worth $707,000 after buying an additional 90 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its holdings in shares of American Express by 19.9% in the 2nd quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock valued at $924,000 after buying an additional 481 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

NYSE AXP opened at $340.96 on Friday. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The company has a market capitalization of $230.25 billion, a P/E ratio of 20.69, a PEG ratio of 1.38 and a beta of 1.04. The business has a 50 day moving average price of $338.12 and a 200 day moving average price of $328.26. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. The firm had revenue of $14.99 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%.American Express’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts expect that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio is presently 23.06%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Jefferies Financial Group upgraded American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. TD Cowen raised their target price on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a report on Tuesday, July 7th. Guggenheim started coverage on shares of American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. Evercore set a $370.00 price target on shares of American Express in a research note on Monday, July 27th. Finally, Piper Sandler cut shares of American Express from an “overweight” rating to a “hold” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, American Express has an average rating of “Moderate Buy” and a consensus target price of $372.84.

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.