TRB Wealth Management LLC Invests $772,000 in American Express Company $AXP

TRB Wealth Management LLC acquired a new position in American Express Company (NYSE:AXP) in the 2nd quarter, HoldingsChannel reports. The fund acquired 2,282 shares of the payment services company’s stock, valued at approximately $772,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AXP. Brighton Jones LLC boosted its position in American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after purchasing an additional 1,273 shares during the period. Sivia Capital Partners LLC raised its position in shares of American Express by 13.0% in the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock valued at $554,000 after purchasing an additional 200 shares during the period. Schnieders Capital Management LLC. bought a new stake in shares of American Express in the second quarter valued at approximately $428,000. Howland Capital Management LLC lifted 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 valued at $707,000 after buying an additional 90 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its stake in shares of American Express by 19.9% during 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 in the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Trading Up 1.5%

Shares of American Express stock opened at $336.00 on Friday. The company’s 50-day moving average price is $343.19 and its 200-day moving average price is $326.83. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a market cap of $226.90 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.34 and a beta of 1.04.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate 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 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 in the previous year, the company earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts expect that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s payout ratio is 23.06%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AXP. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Bank of America increased their target price on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Guggenheim started coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating for the company. DZ Bank upgraded American Express from a “hold” rating to a “buy” rating and set a $375.00 price target for the company in a research report on Thursday, June 18th. Finally, Evercore set a $370.00 price objective on American Express in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, American Express currently has an average rating of “Moderate Buy” and a consensus target price of $373.32.

About American Express

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.