Ieq Capital LLC Invests $1.19 Million in American Express Company $AXP

Ieq Capital LLC bought a new stake in American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,522 shares of the payment services company’s stock, valued at approximately $1,191,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Callan Family Office LLC acquired a new stake in shares of American Express in the second quarter valued at $10,028,000. Shelter Mutual Insurance Co acquired a new position in American Express during the 2nd quarter worth about $9,720,000. Keebeck Wealth Management purchased a new position in American Express during the 2nd quarter valued at about $832,000. Keating Financial Advisory Services Inc. acquired a new position in American Express in the 2nd quarter valued at about $457,000. Finally, OneAscent Investment Solutions LLC purchased a new stake in American Express during the second quarter worth about $322,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on AXP. Loop Capital assumed coverage on shares of American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective for the company. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $328.00 to $400.00 in a research note on Monday, July 13th. Truist Financial increased their target price on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. DZ Bank raised shares of 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 report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, American Express currently has an average rating of “Moderate Buy” and an average target price of $373.32.

American Express Stock Performance

Shares of AXP stock opened at $336.32 on Thursday. The company has a market cap of $227.12 billion, a P/E ratio of 20.41, a PEG ratio of 1.36 and a beta of 1.04. The firm has a fifty day moving average price of $343.05 and a 200 day moving average price of $326.31. 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.

American Express (NYSE:AXP) last posted 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 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 quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts predict that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

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.