Marble Wealth LLC Invests $1.72 Million in American Express Company $AXP

Marble Wealth LLC bought a new position in shares of American Express Company (NYSE:AXP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,651 shares of the payment services company’s stock, valued at approximately $1,721,000.

Other large investors have also modified their holdings of the company. Joseph Group Capital Management purchased a new position in shares of American Express during the 4th quarter worth approximately $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of American Express during the 3rd quarter worth approximately $28,000. Guerra Advisors Inc purchased a new position in shares of American Express during the 3rd quarter worth approximately $28,000. Torren Management LLC purchased a new position in shares of American Express during the 4th quarter worth approximately $32,000. Finally, Entrust Financial LLC purchased a new position in shares of American Express during the 4th quarter worth approximately $41,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Morgan Stanley lowered their price target on American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Bank of America upped their price target on American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Barclays lowered their price target on American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Truist Financial lowered their price target on American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Finally, The Goldman Sachs Group upped their price target on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $359.05.

American Express Price Performance

Shares of NYSE:AXP opened at $310.94 on Wednesday. The business’s fifty day moving average price is $313.18 and its two-hundred day moving average price is $338.30. The stock has a market cap of $212.16 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.28 and a beta of 1.06. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. American Express Company has a one year low of $286.15 and a one year high of $387.49.

American Express (NYSE:AXP) last announced its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The firm had revenue of $14.22 billion for the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.American Express’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts forecast that American Express Company will post 17.59 EPS for the current fiscal year.

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.