WealthPlan Investment Management LLC Purchases New Shares in American Express Company $AXP

WealthPlan Investment Management LLC purchased a new stake in American Express Company (NYSE:AXP) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,777 shares of the payment services company’s stock, valued at approximately $1,397,000.

A number of other institutional investors have also made changes to their positions in AXP. Noesis Capital Mangement Corp raised its holdings in American Express by 1.1% during the 4th quarter. Noesis Capital Mangement Corp now owns 107,064 shares of the payment services company’s stock worth $39,608,000 after purchasing an additional 1,118 shares during the last quarter. Hills Bank & Trust Co raised its holdings in American Express by 5.9% during the 4th quarter. Hills Bank & Trust Co now owns 3,694 shares of the payment services company’s stock worth $1,367,000 after purchasing an additional 207 shares during the last quarter. Qsemble Capital Management LP bought a new stake in American Express during the 4th quarter worth about $8,506,000. Stephens Inc. AR raised its holdings in American Express by 1.5% during the 4th quarter. Stephens Inc. AR now owns 18,271 shares of the payment services company’s stock worth $6,759,000 after purchasing an additional 262 shares during the last quarter. Finally, AlphaCore Capital LLC raised its holdings in American Express by 99.3% during the 4th quarter. AlphaCore Capital LLC now owns 5,512 shares of the payment services company’s stock worth $2,039,000 after purchasing an additional 2,747 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

American Express Price Performance

Shares of AXP opened at $313.69 on Monday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. The stock has a 50 day simple moving average of $310.73 and a 200 day simple moving average of $342.28. American Express Company has a 52-week low of $281.46 and a 52-week high of $387.49. The firm has a market capitalization of $214.04 billion, a PE ratio of 19.57, a P/E/G ratio of 1.27 and a beta of 1.08.

American Express (NYSE:AXP) last issued its quarterly earnings data 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. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business had revenue of $14.22 billion during the quarter, compared to analyst estimates of $18.60 billion. During the same period in the previous year, the firm earned $3.64 EPS. American Express’s quarterly revenue was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts predict that American Express Company will post 17.59 EPS for the current fiscal year.

American Express Increases Dividend

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

Wall Street Analysts Forecast Growth

AXP has been the subject of several recent research reports. Weiss Ratings cut American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. dropped their price objective on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. UBS Group restated a “neutral” rating and set a $395.00 target price on shares of American Express in a research report on Wednesday, February 4th. BTIG Research restated a “sell” rating and set a $285.00 target price on shares of American Express in a research report on Friday, April 24th. Finally, Bank of America boosted their target price on American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $357.47.

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.