American Express Company $AXP Shares Acquired by Rice Partnership LLC

Rice Partnership LLC lifted its holdings in shares of American Express Company (NYSE:AXP) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,623 shares of the payment services company’s stock after purchasing an additional 2,926 shares during the quarter. American Express comprises about 2.5% of Rice Partnership LLC’s holdings, making the stock its 13th biggest holding. Rice Partnership LLC’s holdings in American Express were worth $18,728,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AXP. Greenwich Wealth Management LLC raised its holdings in American Express by 4.8% in the fourth quarter. Greenwich Wealth Management LLC now owns 1,090 shares of the payment services company’s stock valued at $403,000 after acquiring an additional 50 shares in the last quarter. Peak Retirement Planning Inc. raised its holdings in American Express by 15.4% in the fourth quarter. Peak Retirement Planning Inc. now owns 884 shares of the payment services company’s stock valued at $327,000 after acquiring an additional 118 shares in the last quarter. Dynasty Wealth Management LLC raised its holdings in American Express by 7.6% in the fourth quarter. Dynasty Wealth Management LLC now owns 10,608 shares of the payment services company’s stock valued at $3,924,000 after acquiring an additional 751 shares in the last quarter. Winthrop Capital Management LLC acquired a new stake in American Express in the fourth quarter valued at approximately $85,000. Finally, Allen Investment Management LLC raised its holdings in American Express by 65.9% in the fourth quarter. Allen Investment Management LLC now owns 3,279 shares of the payment services company’s stock valued at $1,213,000 after acquiring an additional 1,303 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Truist Financial reduced their target price on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Wells Fargo & Company reduced their target price on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. BTIG Research reissued a “sell” rating and set a $285.00 price objective on shares of American Express in a report on Friday, April 24th. Morgan Stanley cut their price objective on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Finally, Bank of America raised their price objective on shares of American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $359.05.

American Express Trading Down 0.8%

NYSE:AXP opened at $310.94 on Wednesday. The company has a market capitalization of $212.16 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.28 and a beta of 1.06. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. American Express Company has a 52-week low of $286.15 and a 52-week high of $387.49. The stock has a fifty day simple moving average of $313.18 and a 200-day simple moving average of $338.30.

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, topping 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 business’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts expect that American Express Company will post 17.59 earnings per share for the current fiscal year.

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.