Modern Wealth Management LLC Boosts Stake in American Express Company $AXP

Modern Wealth Management LLC increased its holdings in American Express Company (NYSE:AXP) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,475 shares of the payment services company’s stock after buying an additional 1,999 shares during the period. Modern Wealth Management LLC’s holdings in American Express were worth $14,311,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Lantz Financial LLC boosted its holdings in shares of American Express by 3.6% in the fourth quarter. Lantz Financial LLC now owns 808 shares of the payment services company’s stock worth $299,000 after acquiring an additional 28 shares during the period. Burns J W & Co. Inc. NY raised its stake in shares of American Express by 2.1% during the 4th quarter. Burns J W & Co. Inc. NY now owns 1,400 shares of the payment services company’s stock valued at $518,000 after purchasing an additional 29 shares during the period. Members Trust Co raised its stake in shares of American Express by 1.4% during the 4th quarter. Members Trust Co now owns 2,139 shares of the payment services company’s stock valued at $791,000 after purchasing an additional 29 shares during the period. Gilliland Jeter Wealth Management LLC lifted its holdings in American Express by 4.8% during the 4th quarter. Gilliland Jeter Wealth Management LLC now owns 633 shares of the payment services company’s stock worth $234,000 after purchasing an additional 29 shares in the last quarter. Finally, Cornerstone Advisory LLC lifted its holdings in American Express by 2.9% during the 4th quarter. Cornerstone Advisory LLC now owns 1,017 shares of the payment services company’s stock worth $376,000 after purchasing an additional 29 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express News Summary

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

• Positive Sentiment: American Express announced a new global partnership with ALL Accor that will add elite status matching and Membership Rewards points transfers for eligible cardholders, expanding the appeal of its premium travel and loyalty ecosystem. American Express and ALL Accor Expand the Power of Membership with New Global Partnership
• Positive Sentiment: American Express also expanded its B2B payments tools, including new automation features and a Bottomline partnership, which could strengthen commercial payments growth and improve efficiency. Here’s How AXP Strengthens Its B2B Payments Beyond the Platinum Card
• Positive Sentiment: Jim Cramer highlighted strong travel spending trends as a tailwind for American Express, pointing to its premium cardholder base and high-margin annual-fee model. Jim Cramer Highlights Strong Travel Numbers as Fuel for American Express
• Neutral Sentiment: Multiple previews say investors are focused on Friday’s Q2 earnings release, with analysts watching for results to confirm whether spending strength and credit quality can support the stock’s recent momentum. American Express (AXP) Reports Q2 Earnings Tomorrow. Let’s See What Analysts Expect.
• Neutral Sentiment: Options traders are pricing in a sizable post-earnings move, signaling elevated expectations and the potential for volatility after the report. What American Express (AXP) Options Traders Are Expecting Ahead of Earnings
• Negative Sentiment: Near-term trading may stay cautious because the company is entering earnings with investors debating whether the print will meet high expectations, which can pressure the shares if results disappoint. Will American Express Stock Rise or Fall After Earnings?

Analyst Ratings Changes

A number of research firms have weighed in on AXP. Loop Capital initiated coverage on American Express in a report on Thursday, May 21st. They set a “buy” rating and a $389.00 target price for the company. Evercore initiated coverage on shares of American Express in a research report on Monday, July 13th. They set a “neutral” rating for the company. Piper Sandler cut shares of American Express from an “overweight” rating to a “hold” rating in a report on Monday, July 13th. The Goldman Sachs Group lifted their price objective on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Morgan Stanley upgraded American Express from a “positive” rating to an “overweight” rating in a research report on Monday, July 13th. One equities research 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 issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $374.11.

American Express Stock Performance

American Express stock opened at $340.61 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $232.41 billion, a PE ratio of 21.25, a P/E/G ratio of 1.41 and a beta of 1.04. The firm has a fifty day simple moving average of $332.26 and a two-hundred day simple moving average of $330.36. American Express Company has a twelve month low of $288.34 and a twelve month high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $18.60 billion. During the same quarter in the prior year, the firm posted $3.64 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. Research analysts expect that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio is currently 23.71%.

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.