Centric Wealth Management Invests $493,000 in American Express Company $AXP

Centric Wealth Management purchased a new stake in shares of American Express Company (NYSE:AXP) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,543 shares of the payment services company’s stock, valued at approximately $493,000.

Several other hedge funds also recently added to or reduced their stakes in AXP. State Street Corp lifted its stake in shares of American Express by 1.3% in the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock valued at $10,900,528,000 after purchasing an additional 369,967 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of American Express by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock worth $3,338,238,000 after purchasing an additional 141,936 shares during the last quarter. Bank of America Corp DE raised its holdings in American Express by 7.7% in the 4th quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock valued at $2,904,218,000 after buying an additional 558,533 shares during the period. Capital World Investors lifted its position in American Express by 46.7% in the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after buying an additional 2,393,340 shares during the last quarter. Finally, Norges Bank acquired a new position in American Express in the fourth quarter valued at about $2,464,215,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting American Express

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

• Positive Sentiment: Expanded virtual-card capabilities: AXP is making American Express Virtual Cards available through its @ Work platform for U.S. corporate customers. The products offer adjustable spending limits, enhanced fraud protection and easier expense management, potentially increasing commercial-payment volumes and customer retention. American Express expands virtual cards for US commercial customers
• Positive Sentiment: Premium travel ecosystem strengthened: American Express added 350 luxury hotels across 116 countries to the Platinum Card travel program. More curated booking options could improve the value proposition of its premium cards, support spending and help justify annual fees. American Express adds 350 luxury hotels to Platinum Card travel program
• Positive Sentiment: Evidence of loyalty-driven spending: United Airlines’ results highlighted how American Express perks can help capture premium travel spending, even without a United co-branded card. The example supports AXP’s broader strategy of using travel benefits and partnerships to attract affluent customers. Popular legacy airline captures premium spend because of American Express perks
• Positive Sentiment: Constructive analyst outlook: Piper Sandler forecast meaningful appreciation potential for AXP shares, providing a positive signal following the company’s recent earnings beat and continued revenue growth. Piper Sandler Forecasts Strong Price Appreciation for American Express Stock
• Neutral Sentiment: Capital structure update: AXP issued Series E preferred shares and announced full redemption of Series D preferred shares. The move may improve funding flexibility, but it also adds preferred financing obligations and has limited direct impact on common-share earnings. American Express Issues New Series E Preferred Shares
• Neutral Sentiment: Mixed analyst sentiment: Coverage of AXP showed differing views, suggesting valuation and expectations remain areas of debate despite the company’s strong operating trends. Analysts Have Conflicting Sentiments on American Express

American Express Stock Down 0.4%

Shares of NYSE:AXP opened at $342.27 on Friday. The firm has a market capitalization of $231.14 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.38 and a beta of 1.04. American Express Company has a 1 year low of $290.97 and a 1 year 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 firm’s 50-day moving average is $341.33 and its two-hundred day moving average is $327.58.

American Express (NYSE:AXP) last posted 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 business had revenue of $14.99 billion during the quarter, compared to analyst estimates of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AXP shares. DZ Bank upgraded 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. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Piper Sandler lifted their target price on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a report on Wednesday. UBS Group cut their target price on American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada cut American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.

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.