GTS Securities LLC Boosts Stock Position in American Express Company $AXP

GTS Securities LLC increased its holdings in American Express Company (NYSE:AXP) by 73.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,534 shares of the payment services company’s stock after purchasing an additional 3,612 shares during the period. GTS Securities LLC’s holdings in American Express were worth $2,887,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Total Clarity Wealth Management Inc. increased its holdings in shares of American Express by 3.4% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock worth $323,000 after buying an additional 29 shares during the last quarter. Dover Advisors LLC raised its position in shares of American Express by 0.4% during the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock valued at $2,951,000 after buying an additional 29 shares in the last quarter. Invenio Wealth Partners LLC lifted its holdings in shares of American Express by 3.9% in the 3rd quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock valued at $258,000 after acquiring an additional 29 shares during the last quarter. Strait & Sound Wealth Management LLC grew its position in American Express by 2.7% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company’s stock worth $421,000 after acquiring an additional 30 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its position in American Express by 3.6% in the first quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company’s stock worth $263,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AXP shares. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. Bank of America lifted their target price on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. TD Cowen boosted their target price on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. HSBC increased their price target on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a report on Monday, July 13th. Finally, Piper Sandler raised their price target on American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Trading Down 0.2%

Shares of NYSE AXP opened at $333.64 on Friday. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The company has a market cap of $225.31 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.35 and a beta of 1.04. The business’s 50 day moving average price is $342.85 and its 200-day moving average price is $326.18.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 34.12% and a net margin of 15.07%.American Express’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts expect that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were paid 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 of this dividend was Thursday, July 2nd. American Express’s payout ratio is currently 23.06%.

American Express Company 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.