Evolve Private Wealth LLC Makes New $5.17 Million Investment in American Express Company $AXP

Evolve Private Wealth LLC acquired a new stake in American Express Company (NYSE:AXP) during the second quarter, Holdings Channel.com reports. The fund acquired 15,292 shares of the payment services company’s stock, valued at approximately $5,172,000.

Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of American Express in the 2nd quarter worth $14,208,662,000. Norges Bank bought a new position in shares of American Express during the fourth quarter valued at about $2,464,215,000. Bank of New York Mellon Corp purchased a new position in American Express during the second quarter worth about $1,263,787,000. Deutsche Bank AG purchased a new position in American Express during the second quarter worth about $927,950,000. Finally, Capital World Investors grew its position in American Express by 46.7% in the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after purchasing an additional 2,393,340 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Performance

Shares of AXP opened at $336.00 on Friday. The firm has a market cap of $226.90 billion, a PE ratio of 20.39, a PEG ratio of 1.36 and a beta of 1.04. The stock’s fifty day moving average price is $343.19 and its two-hundred day moving average price is $326.83. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.12. The firm had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts forecast that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is currently 23.06%.

Analysts Set New Price Targets

A number of brokerages recently commented on AXP. TD Cowen increased their price target on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. Evercore set a $370.00 price objective on American Express in a research note on Monday, July 27th. BTIG Research decreased their target price on American Express from $324.00 to $315.00 and set a “sell” rating for the company in a research report on Monday, July 27th. Piper Sandler lifted their target price on American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $373.32.

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.