American Express Company $AXP Shares Bought by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC grew its stake in shares of American Express Company (NYSE:AXP) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,559 shares of the payment services company’s stock after purchasing an additional 2,846 shares during the quarter. United Capital Financial Advisors LLC’s holdings in American Express were worth $44,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evolution Wealth Management Inc. increased its holdings in shares of American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 66 shares during the last quarter. Joseph Group Capital Management acquired a new stake in American Express during the 4th quarter worth about $26,000. Sfam LLC acquired a new stake in American Express during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express in the fourth quarter valued at about $28,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in American Express during the fourth quarter valued at approximately $29,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Trading Down 0.6%

Shares of AXP stock opened at $334.03 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 quick ratio of 1.54 and a current ratio of 1.55. The company has a market capitalization of $225.57 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. The business’s fifty day moving average is $342.96 and its 200 day moving average is $326.13.

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, topping 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%.The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were given 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%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a report on Monday, July 27th. BTIG Research decreased their price objective on shares of American Express from $324.00 to $315.00 and set a “sell” rating for the company in a research report on Monday, July 27th. Loop Capital initiated coverage on American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target for the company. Piper Sandler upped their price target on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Finally, Royal Bank Of Canada downgraded shares of American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $373.32.

About American Express

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.