93,076 Shares in American Express Company $AXP Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new stake in American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 93,076 shares of the payment services company’s stock, valued at approximately $31,483,000.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC grew its holdings in American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after buying an additional 1,273 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of American Express by 13.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock valued at $554,000 after acquiring an additional 200 shares during the period. Schnieders Capital Management LLC. purchased a new stake in American Express in the second quarter valued at approximately $428,000. Howland Capital Management LLC raised its holdings in shares of American Express by 4.2% in the 2nd quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock valued at $707,000 after buying an additional 90 shares during the period. Finally, HUB Investment Partners LLC lifted its position in shares of American Express by 19.9% during the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock worth $924,000 after purchasing an additional 481 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AXP has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. Evercore set a $370.00 target price on shares of American Express in a report on Monday, July 27th. TD Cowen raised their price target on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. Loop Capital began coverage on shares of American Express in a research report on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised American Express from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $328.00 to $400.00 in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Express presently has an average rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Price Performance

AXP stock opened at $338.10 on Wednesday. The firm has a 50 day moving average of $342.20 and a 200-day moving average of $327.04. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The company has a market cap of $228.32 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.38 and a beta of 1.04. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49.

American Express (NYSE:AXP) last posted its 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. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same quarter in the prior year, the company earned $4.08 earnings per share. American Express’s revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts expect that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The business 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 dividend on an annualized basis and a yield of 1.1%. American Express’s dividend payout ratio is presently 23.06%.

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.