American Express Company $AXP Position Trimmed by Wedbush Securities Inc.

Wedbush Securities Inc. decreased its holdings in American Express Company (NYSE:AXP) by 9.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,636 shares of the payment services company’s stock after selling 2,278 shares during the quarter. Wedbush Securities Inc.’s holdings in American Express were worth $7,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Flputnam Investment Management Co. acquired a new stake in shares of American Express in the second quarter worth $12,879,000. Evolve Private Wealth LLC acquired a new position in American Express during the second quarter valued at $5,172,000. Swiss Life Asset Management Ltd raised its position in American Express by 34.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock valued at $51,751,000 after buying an additional 35,533 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in American Express in the 2nd quarter worth about $11,642,000. Finally, Peapack Gladstone Financial Corp boosted its position in American Express by 6.2% during the 4th quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock worth $24,416,000 after acquiring an additional 3,855 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley dropped their target price on American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Royal Bank Of Canada downgraded shares of American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Truist Financial lifted their price objective on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research report on Thursday, June 18th. Finally, Barclays raised their price target on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $373.32.

American Express Stock Down 0.2%

AXP stock opened at $333.64 on Friday. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The stock has a market capitalization of $225.31 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.35 and a beta of 1.04. The company has a 50-day moving average of $342.85 and a two-hundred day moving average of $326.18.

American Express (NYSE:AXP) last released 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 business 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 in the previous year, the business posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts anticipate that American Express Company will post 17.67 EPS 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 issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s dividend 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.