2,395 Shares in American Express Company $AXP Bought by SmartHarvest Portfolios LLC

SmartHarvest Portfolios LLC purchased a new position in American Express Company (NYSE:AXP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,395 shares of the payment services company’s stock, valued at approximately $886,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Evolution Wealth Management Inc. boosted its holdings in American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management acquired a new position in American Express in the fourth quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new position in American Express in the third quarter worth $28,000. Torren Management LLC acquired a new position in American Express in the fourth quarter worth $32,000. Finally, Entrust Financial LLC acquired a new position in American Express in the fourth quarter worth $41,000. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on AXP shares. Wells Fargo & Company decreased their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. The Goldman Sachs Group lifted their price objective on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. BTIG Research reaffirmed a “sell” rating and issued a $285.00 price objective on shares of American Express in a report on Friday, April 24th. Finally, Evercore set a $345.00 price objective on shares of American Express in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, American Express has an average rating of “Hold” and a consensus target price of $359.05.

American Express Stock Performance

Shares of AXP opened at $318.95 on Friday. American Express Company has a 1 year low of $286.15 and a 1 year high of $387.49. The company has a market cap of $217.63 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 1.27 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. The firm has a fifty day moving average of $315.36 and a 200-day moving average of $336.06.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The company had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter in the previous year, the company posted $3.64 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts anticipate that American Express Company will post 17.59 earnings per share for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. American Express’s payout ratio is 23.71%.

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.