Wealthfront Advisers LLC Takes $31.48 Million Position in American Express Company $AXP

Wealthfront Advisers LLC purchased a new stake in American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 93,076 shares of the payment services company’s stock, valued at approximately $31,483,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Flputnam Investment Management Co. purchased a new stake in shares of American Express during the 2nd quarter valued at about $12,879,000. Keybank National Association OH raised its holdings in American Express by 3.0% in the fourth quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock valued at $132,909,000 after acquiring an additional 10,495 shares in the last quarter. Swiss Life Asset Management Ltd lifted its position in shares of 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 worth $51,751,000 after purchasing an additional 35,533 shares during the last quarter. Peapack Gladstone Financial Corp lifted its holdings 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 buying an additional 3,855 shares during the last quarter. Finally, Thames Capital Management LLC boosted its holdings in American Express by 189.6% in the fourth quarter. Thames Capital Management LLC now owns 80,463 shares of the payment services company’s stock worth $29,767,000 after purchasing an additional 52,679 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Trading Up 0.6%

NYSE AXP opened at $338.10 on Wednesday. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The firm’s fifty day simple moving average is $342.20 and its 200-day simple moving average is $327.04. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $228.32 billion, a PE ratio of 20.52, a price-to-earnings-growth 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 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 analysts’ expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts anticipate that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were given 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 payout ratio is currently 23.06%.

Analyst Upgrades and Downgrades

AXP has been the subject of a number of research reports. BTIG Research decreased their target price on American Express from $324.00 to $315.00 and set a “sell” rating for the company in a research note on Monday, July 27th. UBS Group dropped their price target on shares of American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. HSBC boosted their price objective on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. TD Cowen increased their target price on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. Finally, Bank of America increased their price target on American Express from $387.00 to $391.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

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.