1,697 Shares in American Express Company $AXP Acquired by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC bought a new position in shares of American Express Company (NYSE:AXP) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,697 shares of the payment services company’s stock, valued at approximately $593,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Trust Co. of Vermont acquired a new position in shares of American Express in the second quarter valued at approximately $8,315,000. Principle Wealth Partners LLC bought a new stake in shares of American Express during the second quarter worth $2,930,000. UP Strategic Wealth Investment Advisors LLC acquired a new stake in shares of American Express during the second quarter worth $304,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in American Express in the 2nd quarter valued at $579,109,000. Finally, Beverly Hills Private Wealth LLC bought a new stake in American Express in the 2nd quarter valued at $1,182,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AXP. Bank of America increased their target price on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Piper Sandler boosted their price target on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Morgan Stanley decreased 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. Finally, Loop Capital began coverage on American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price on the stock. 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 given a Sell rating to the company. According to data from MarketBeat.com, American Express presently has an average rating of “Moderate Buy” and an average target price of $373.32.

American Express Trading Down 1.7%

Shares of NYSE:AXP opened at $336.50 on Tuesday. The company’s 50-day moving average price is $341.81 and its two-hundred day moving average price is $327.17. American Express Company has a one year low of $290.97 and a one year high of $387.49. 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 stock has a market capitalization of $227.24 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.04.

American Express (NYSE:AXP) last announced its quarterly earnings data 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 company had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.American Express’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts forecast that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) 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.