Syon Capital LLC Raises Position in American Express Company $AXP

Syon Capital LLC boosted its holdings in American Express Company (NYSE:AXP) by 27.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,488 shares of the payment services company’s stock after buying an additional 2,482 shares during the period. Syon Capital LLC’s holdings in American Express were worth $3,886,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AXP. Evolution Wealth Management Inc. lifted its holdings in shares of American Express by 6,600.0% during 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 in the last quarter. Archer Investment Corp bought a new stake in American Express in the 2nd quarter worth about $25,000. Sfam LLC purchased a new position in American Express in the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express during the 4th quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of American Express during the 3rd quarter valued at about $28,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Trading Down 0.1%

Shares of AXP stock opened at $329.79 on Friday. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The firm has a fifty day moving average price of $341.96 and a 200-day moving average price of $325.36. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The company has a market cap of $222.71 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.40 and a beta of 1.05.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $19.64 billion during the quarter, compared to analyst estimates of $19.70 billion. During the same period in the prior year, the business posted $4.08 EPS. American Express’s revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts predict that American Express Company will post 17.68 earnings per share for the current year.

Analyst Ratings Changes

AXP has been the topic of several research reports. DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a report on Thursday, June 18th. UBS Group decreased their target price on shares of American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Truist Financial increased their price target on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. HSBC raised their price target on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Finally, Morgan Stanley cut their price objective on American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a report 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.