White Knight Strategic Wealth Advisors LLC Takes Position in American Express Company $AXP

White Knight Strategic Wealth Advisors LLC bought a new position in shares of American Express Company (NYSE:AXP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,016 shares of the payment services company’s stock, valued at approximately $682,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. increased its stake 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 valued at $25,000 after purchasing an additional 66 shares during the last quarter. Joseph Group Capital Management purchased a new stake in shares of American Express during the 4th quarter worth approximately $26,000. Sfam LLC purchased a new stake in shares of American Express during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express in the 4th quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of American Express in the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

AXP has been the topic of several research analyst reports. TD Cowen lifted their price target on shares of American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. Barclays raised their price objective on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. 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 report on Wednesday, August 12th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, BTIG Research dropped their price target on American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.

American Express Trading Up 0.4%

Shares of American Express stock opened at $337.38 on Tuesday. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The company has a market capitalization of $227.84 billion, a P/E ratio of 20.47, a PEG ratio of 1.36 and a beta of 1.04. The company’s fifty day moving average is $343.23 and its two-hundred day moving average is $326.56.

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

American Express Dividend Announcement

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

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.