Allworth Financial LP Lowers Holdings in American Express Company $AXP

Allworth Financial LP trimmed its position in American Express Company (NYSE:AXP) by 10.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,143 shares of the payment services company’s stock after selling 16,336 shares during the quarter. Allworth Financial LP’s holdings in American Express were worth $48,080,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. West Family Investments Inc. lifted its position in shares of American Express by 2.7% in the 2nd quarter. West Family Investments Inc. now owns 1,509 shares of the payment services company’s stock worth $510,000 after purchasing an additional 40 shares during the period. Bank OZK lifted its holdings in American Express by 10.8% during the second quarter. Bank OZK now owns 11,921 shares of the payment services company’s stock worth $4,032,000 after buying an additional 1,163 shares during the period. Empirical Finance LLC boosted its position in American Express by 3.1% during the 2nd quarter. Empirical Finance LLC now owns 20,353 shares of the payment services company’s stock valued at $6,884,000 after acquiring an additional 608 shares in the last quarter. Nykredit A S purchased a new position in shares of American Express in the 2nd quarter valued at $59,049,000. Finally, MLG Wealth Management DBA Pine Grove Financial Group bought a new position in shares of American Express in the 2nd quarter worth $364,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

AXP stock traded down $0.17 during trading on Tuesday, reaching $325.99. The company had a trading volume of 2,587,083 shares, compared to its average volume of 3,224,271. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The company has a market cap of $220.14 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.39 and a beta of 1.05. The firm has a 50-day simple moving average of $341.37 and a 200-day simple moving average of $325.15.

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. The business 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 business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts expect that American Express Company will post 17.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on AXP. Barclays increased their price target on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Piper Sandler lifted their price objective on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada downgraded shares of American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. Finally, TD Cowen upped their price target on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

American Express 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.