Pursue Wealth Partners LLC Makes New $947,000 Investment in American Express Company $AXP

Pursue Wealth Partners LLC purchased a new stake in American Express Company (NYSE:AXP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,800 shares of the payment services company’s stock, valued at approximately $947,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Phillips Wealth Planners LLC bought a new position in shares of American Express in the second quarter worth approximately $593,000. Trust Co. of Vermont bought a new stake in American Express during the second quarter valued at approximately $8,315,000. Principle Wealth Partners LLC bought a new stake in American Express during the second quarter valued at approximately $2,930,000. UP Strategic Wealth Investment Advisors LLC purchased a new position in American Express in the 2nd quarter worth approximately $304,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in American Express in the 2nd quarter worth approximately $579,109,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

AXP has been the topic of several research reports. HSBC raised their price objective on shares of American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research report on Monday, July 13th. Bank of America boosted their price objective on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. UBS Group cut their price objective on shares of American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Benchmark assumed coverage on shares of American Express in a research report on Monday, July 13th. They issued a “buy” rating on the stock. Finally, 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 note on Thursday, June 18th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Stock Down 1.7%

Shares of NYSE AXP opened at $336.50 on Tuesday. The firm’s fifty day moving average is $341.81 and its 200 day moving average is $327.17. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The company has a market cap of $227.24 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.38 and a beta of 1.04.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share 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 analysts’ expectations of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts expect that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were issued 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 was Thursday, July 2nd. American Express’s dividend 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.