Corient Private Wealth LP Buys 3,965,582 Shares of American Express Company $AXP

Corient Private Wealth LP increased its stake in shares of American Express Company (NYSE:AXP) by 492.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,771,292 shares of the payment services company’s stock after buying an additional 3,965,582 shares during the quarter. American Express makes up about 1.2% of Corient Private Wealth LP’s portfolio, making the stock its 17th largest position. Corient Private Wealth LP’s holdings in American Express were worth $1,613,890,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AXP. Total Clarity Wealth Management Inc. lifted its stake in American Express by 3.4% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock valued at $323,000 after purchasing an additional 29 shares during the last quarter. Dover Advisors LLC grew its stake in shares of American Express by 0.4% during the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock worth $2,951,000 after acquiring an additional 29 shares during the period. Invenio Wealth Partners LLC increased its holdings in American Express by 3.9% in the 3rd quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock worth $258,000 after acquiring an additional 29 shares during the last quarter. Strait & Sound Wealth Management LLC raised its stake in American Express by 2.7% in the 4th quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company’s stock valued at $421,000 after acquiring an additional 30 shares during the period. Finally, Onyx Bridge Wealth Group LLC raised its stake in American Express by 3.6% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company’s stock valued at $263,000 after acquiring an additional 30 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Stock Up 0.1%

Shares of NYSE AXP opened at $336.32 on Thursday. The firm’s fifty day moving average is $343.05 and its 200 day moving average is $326.31. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The company has a market cap of $227.12 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.36 and a beta of 1.04.

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

American Express Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of recent analyst reports. Barclays raised their target price on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. HSBC boosted their target price on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Piper Sandler upped 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. Truist Financial lifted their price target on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective for the company in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $373.32.

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.