American Express Company $AXP Shares Purchased by Rice Partnership LLC

Rice Partnership LLC boosted its position in American Express Company (NYSE:AXP) by 6.1% in the 4th quarter, HoldingsChannel reports. The firm owned 50,623 shares of the payment services company’s stock after purchasing an additional 2,926 shares during the period. American Express makes up about 2.5% of Rice Partnership LLC’s holdings, making the stock its 13th largest holding. Rice Partnership LLC’s holdings in American Express were worth $18,728,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new position in shares of American Express during the 4th quarter valued at about $26,000. Guerra Advisors Inc acquired a new position in shares of American Express during the 3rd quarter valued at about $28,000. Measured Wealth Private Client Group LLC acquired a new position in shares of American Express during the 3rd quarter valued at about $28,000. Torren Management LLC acquired a new position in shares of American Express during the 4th quarter valued at about $32,000. Finally, Entrust Financial LLC acquired a new position in shares of American Express during the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on AXP shares. Bank of America upped their price objective on shares of American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. UBS Group reaffirmed a “neutral” rating and set a $395.00 price objective on shares of American Express in a research note on Wednesday, February 4th. Wells Fargo & Company dropped their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. JPMorgan Chase & Co. dropped their price objective on shares of American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Finally, BTIG Research reiterated a “sell” rating and set a $285.00 target price on shares of American Express in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, American Express has an average rating of “Hold” and a consensus price target of $359.05.

American Express Stock Down 0.8%

NYSE AXP opened at $310.94 on Wednesday. The stock has a market cap of $212.16 billion, a PE ratio of 19.40, a P/E/G ratio of 1.28 and a beta of 1.06. American Express Company has a fifty-two week low of $286.15 and a fifty-two week high of $387.49. The business has a 50 day moving average price of $313.18 and a two-hundred day moving average price of $338.30. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The firm had revenue of $14.22 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts predict that American Express Company will post 17.59 EPS for the current fiscal year.

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.