Corient Private Wealth LP Has $1.61 Billion Stock Position in American Express Company $AXP

Corient Private Wealth LP boosted its position in American Express Company (NYSE:AXP) by 492.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,771,292 shares of the payment services company’s stock after acquiring an additional 3,965,582 shares during the period. American Express accounts for about 1.2% of Corient Private Wealth LP’s holdings, making the stock its 17th biggest position. Corient Private Wealth LP owned approximately 0.71% of American Express worth $1,613,890,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AXP. Evolution Wealth Management Inc. lifted its holdings in shares of American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares in the last quarter. Joseph Group Capital Management bought a new stake in American Express during the 4th quarter valued at $26,000. Sfam LLC acquired a new position in American Express during the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express during the fourth quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of American Express in the third quarter valued at $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Up 0.1%

American Express stock opened at $336.32 on Thursday. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The firm’s 50-day simple moving average is $343.05 and its 200 day simple moving average is $326.31. The stock has a market cap of $227.12 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm had revenue of $19.64 billion during the quarter, compared to analyst estimates of $19.70 billion. During the same quarter last year, the business posted $4.08 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AXP shares. HSBC boosted their target price on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” 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. Piper Sandler increased their price objective on American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. TD Cowen raised their target price on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a report on Tuesday, July 7th. Finally, Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $373.32.

American Express 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.