AlphaCore Capital LLC Boosts Holdings in American Express Company $AXP

AlphaCore Capital LLC grew its position in shares of American Express Company (NYSE:AXP) by 99.3% during the fourth quarter, HoldingsChannel reports. The firm owned 5,512 shares of the payment services company’s stock after buying an additional 2,747 shares during the period. AlphaCore Capital LLC’s holdings in American Express were worth $2,039,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AXP. Valley Wealth Managers Inc. increased its stake in shares of American Express by 153.3% in the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after buying an additional 46 shares during the last quarter. Joseph Group Capital Management acquired a new position in shares of American Express in the fourth quarter valued at $26,000. Manning & Napier Advisors LLC acquired a new position in American Express during the third quarter worth $27,000. Guerra Advisors Inc acquired a new stake in shares of American Express during the third quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of American Express during the third quarter worth about $28,000. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings lowered American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Truist Financial decreased their price target on American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Morgan Stanley decreased their price target on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. UBS Group restated a “neutral” rating and issued a $395.00 price target on shares of American Express in a research note on Wednesday, February 4th. Finally, BTIG Research restated a “sell” rating and issued a $285.00 price target on shares of American Express in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $357.47.

American Express Stock Performance

AXP opened at $313.69 on Friday. The business has a fifty day simple moving average of $310.73 and a 200 day simple moving average of $342.41. The company has a market capitalization of $214.04 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.27 and a beta of 1.08. American Express Company has a 1 year low of $281.46 and a 1 year high of $387.49. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.27. The business had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts expect that American Express Company will post 17.59 EPS for the current year.

American Express Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 3rd were paid a $0.95 dividend. This is a boost from American Express’s previous quarterly dividend of $0.82. The ex-dividend date was Thursday, April 2nd. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s dividend payout ratio is presently 23.71%.

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.