Modera Wealth Management LLC Purchases 1,653 Shares of American Express Company $AXP

Modera Wealth Management LLC increased its position in American Express Company (NYSE:AXP) by 8.8% in the third quarter, Holdings Channel.com reports. The fund owned 20,375 shares of the payment services company’s stock after purchasing an additional 1,653 shares during the period. Modera Wealth Management LLC’s holdings in American Express were worth $6,196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AXP. Flputnam Investment Management Co. purchased a new stake in shares of American Express during the 2nd quarter valued at about $12,879,000. State Street Corp raised its holdings in shares of American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after purchasing an additional 11,739,541 shares during the last quarter. Evolve Private Wealth LLC purchased a new position in shares of American Express during the second quarter valued at approximately $5,172,000. Silicon Valley Capital Partners raised its holdings in shares of American Express by 14.9% during the second quarter. Silicon Valley Capital Partners now owns 41,480 shares of the payment services company’s stock valued at $14,030,000 after purchasing an additional 5,365 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in American Express during the second quarter valued at approximately $11,642,000. 84.33% of the stock is owned by institutional investors.

American Express Trading Down 1.4%

Shares of AXP stock opened at $319.03 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.54. The company has a market cap of $213.93 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 1.35 and a beta of 1.08. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The firm has a fifty day moving average price of $317.18 and a 200-day moving average price of $326.44.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, topping analysts’ consensus estimates of $4.50 by $0.18. The company had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $20.12 billion. American Express had a return on equity of 34.19% and a net margin of 15.80%. American Express’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, equities analysts predict that American Express Company will post 17.88 earnings per share for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be given a $0.95 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio is presently 21.40%.

Analyst Ratings Changes

Several brokerages recently issued reports on AXP. Truist Financial dropped their target price on shares of American Express from $375.00 to $370.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. UBS Group decreased their target price on shares of American Express from $384.00 to $345.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Weiss Ratings upgraded shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 26th. Royal Bank Of Canada lowered their price target on American Express from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Finally, Bank of America raised their price target on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned 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 price target of $365.19.

Trending Headlines about American Express

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

• Positive Sentiment: American Express introduced a new redemption option allowing eligible consumer and business cash-back cardmembers to deposit Reward Dollars into American Express High Yield Savings Accounts and Business Checking Accounts. The feature could improve customer retention, deepen relationships across the company’s card and banking products, and support deposit growth. American Express Connects Cash Back to High Yield Savings Accounts and Business Checking Accounts
• Positive Sentiment: The launch of Canada’s first Hilton Honors American Express co-branded card expands the company’s international partnership with Hilton and could generate additional spending, fees, and customer acquisition. American Express and Hilton Launch Canada’s First Hilton Honors Credit Card
• Positive Sentiment: American Express benefited from positive payments-sector sentiment after Mastercard reported better-than-expected revenue and earnings, although the effect may be temporary. Mastercard Rises on Revenue and EPS Beat
• Neutral Sentiment: American Express issued $1.5 billion of fixed-to-floating-rate notes carrying a 5.447% rate. The financing provides capital, but increases interest expense and leverage exposure. American Express Issues New Fixed-to-Floating Rate Notes
• Neutral Sentiment: Analyst coverage remains mixed. Commentary favors Mastercard for faster growth, more diversified revenue, and lower credit risk, while other coverage highlights AXP’s strong profitability, revenue growth, share repurchases, and Berkshire Hathaway’s sizable stake.
• Negative Sentiment: A U.S. Bank risk executive is reportedly moving to American Express as the company deals with regulatory penalties related to anti-money-laundering compliance failures. The leadership addition may strengthen risk controls, but the penalties and compliance scrutiny create reputational and cost risks. U.S. Bank Risk Chief Heads to Amex
• Negative Sentiment: Relative-value analysis argues that Mastercard currently offers better growth prospects and lower credit risk than American Express, potentially limiting investor enthusiasm for AXP despite its lower valuation.

American Express Profile

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.