IFP Advisors Inc Has $6.73 Million Position in American Express Company $AXP

IFP Advisors Inc lifted its holdings in shares of American Express Company (NYSE:AXP) by 12.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 19,897 shares of the payment services company’s stock after purchasing an additional 2,199 shares during the period. IFP Advisors Inc’s holdings in American Express were worth $6,730,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dover Advisors LLC raised its holdings in shares of American Express by 0.4% in the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock valued at $2,951,000 after buying an additional 29 shares during the last quarter. Invenio Wealth Partners LLC lifted its position in shares of American Express by 3.9% during the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock worth $258,000 after purchasing an additional 29 shares in the last quarter. Onyx Bridge Wealth Group LLC grew its stake in shares of American Express by 3.6% during the first quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company’s stock valued at $263,000 after purchasing an additional 30 shares during the last quarter. IMG Wealth Management Inc. grew its stake in shares of American Express by 6.3% during the fourth quarter. IMG Wealth Management Inc. now owns 541 shares of the payment services company’s stock valued at $200,000 after purchasing an additional 32 shares during the last quarter. Finally, Crown Wealth Group LLC increased its holdings in shares of American Express by 5.2% in the first quarter. Crown Wealth Group LLC now owns 669 shares of the payment services company’s stock valued at $202,000 after purchasing an additional 33 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

Shares of AXP stock opened at $321.94 on Thursday. The firm’s 50 day moving average price is $340.61 and its two-hundred day moving average price is $324.87. 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 52-week low of $290.97 and a 52-week high of $387.49. The stock has a market cap of $217.41 billion, a PE ratio of 19.53, a PEG ratio of 1.39 and a beta of 1.05.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter in the prior year, the business posted $4.08 EPS. The firm’s quarterly 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, analysts forecast that American Express Company will post 17.68 EPS for the current year.

Wall Street Analysts Forecast Growth

AXP has been the subject of several research analyst reports. Bank of America boosted their price objective on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Morgan Stanley dropped their target price on American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th. DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a research note on Thursday, June 18th. Finally, Loop Capital initiated coverage on American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $373.32.

American Express Profile

American Express Company is a global payments and financial services company that provides payment products, services and experiences to consumers, businesses and institutions. Its offerings include credit and charge cards, consumer and commercial payment solutions, business financing, deposit products and expense-management tools.

The company also operates a global payments network connecting cardmembers, merchants and financial institutions. Through its merchant services business, American Express supports payment acceptance and provides data-driven marketing and customer-engagement solutions.