Keudell Morrison Wealth Management Invests $632,000 in American Express Company $AXP

Keudell Morrison Wealth Management bought a new position in shares of American Express Company (NYSE:AXP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,707 shares of the payment services company’s stock, valued at approximately $632,000.

A number of other large investors also recently made changes to their positions in the company. Ignite Planners LLC grew its position in American Express by 5.7% during the fourth quarter. Ignite Planners LLC now owns 5,194 shares of the payment services company’s stock worth $1,829,000 after buying an additional 281 shares in the last quarter. Axxcess Wealth Management LLC grew its position in American Express by 175.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 18,713 shares of the payment services company’s stock worth $6,923,000 after buying an additional 11,920 shares in the last quarter. Midwest Financial Partners Investments Inc. acquired a new stake in American Express during the fourth quarter worth approximately $415,000. One Charles Private Wealth Services LLC acquired a new stake in shares of American Express in the 4th quarter valued at $203,000. Finally, Commonwealth Financial Services LLC boosted its holdings in shares of American Express by 5.7% in the 4th quarter. Commonwealth Financial Services LLC now owns 700 shares of the payment services company’s stock valued at $259,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

AXP stock opened at $309.93 on Friday. The stock has a 50-day moving average price of $311.23 and a 200-day moving average price of $340.89. American Express Company has a 1-year low of $281.46 and a 1-year high of $387.49. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The firm has a market cap of $211.48 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08.

American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm had revenue of $14.22 billion during the quarter, compared to analyst estimates of $18.60 billion. During the same period last year, the company posted $3.64 EPS. The business’s quarterly revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts expect that American Express Company will post 17.59 earnings per share for the current year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 3rd were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio is presently 23.71%.

American Express News Roundup

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express announced a strategic partnership with Fanatics that makes AmEx the official payments partner for select Fanatics locations, adds exclusive fan experiences, and launches a new Fanatics American Express card, potentially deepening card usage and loyalty. American Express and Fanatics Announce Exclusive Fan Experiences and New Fanatics American Express® Card
• Positive Sentiment: AmEx also highlighted its Shop Small grants program, distributing more than $10 million to over 500 small businesses, which reinforces its brand with merchants and consumers and supports its small-business network. American Express and Main Street America Award More Than $10 Million in Grants to Over 500 Small Businesses
• Neutral Sentiment: Several articles repeated the idea that American Express remains one of Warren Buffett’s favored “forever” stocks, which is supportive sentiment but not a direct business catalyst. 3 Warren Buffett Stocks to Buy and Hold Forever
• Neutral Sentiment: Other mentions of AmEx in dividend and Buffett-focused commentary were generally positive for investor perception, but they do not appear to change the company’s near-term fundamentals. 2 Warren Buffett Stocks That Pay You a Passive Income

Wall Street Analysts Forecast Growth

AXP has been the topic of a number of research analyst reports. Loop Capital initiated coverage on American Express in a report on Thursday. They issued a “buy” rating and a $389.00 target price on the stock. The Goldman Sachs Group raised their price objective on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Royal Bank Of Canada set a $415.00 price objective on American Express in a report on Friday, April 10th. UBS Group reissued a “neutral” rating and set a $395.00 price objective on shares of American Express in a report on Wednesday, February 4th. Finally, Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, American Express has an average rating of “Hold” and an average price target of $359.05.

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.