Proficio Capital Partners LLC Purchases 2,156 Shares of American Express Company $AXP

Proficio Capital Partners LLC boosted its position in American Express Company (NYSE:AXP) by 156.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,532 shares of the payment services company’s stock after acquiring an additional 2,156 shares during the period. Proficio Capital Partners LLC’s holdings in American Express were worth $1,195,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rehmann Capital Advisory Group boosted its holdings in shares of American Express by 0.8% during the second quarter. Rehmann Capital Advisory Group now owns 9,560 shares of the payment services company’s stock worth $3,234,000 after purchasing an additional 79 shares during the period. CTC Alternative Strategies Ltd. bought a new stake in shares of American Express in the second quarter worth about $244,000. Oarsman Capital Inc. purchased a new position in American Express during the 2nd quarter valued at about $219,000. Sigma Planning Corp raised its position in American Express by 11.0% during the 2nd quarter. Sigma Planning Corp now owns 13,357 shares of the payment services company’s stock valued at $4,518,000 after purchasing an additional 1,328 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new position in American Express during the 2nd quarter valued at approximately $1,915,000. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AXP shares. BTIG Research cut their price objective on American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research report on Monday, July 27th. Truist Financial upped their target price on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. HSBC raised their price target on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Benchmark began coverage on shares of American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. Finally, Morgan Stanley reduced their price objective on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Stock Down 1.9%

AXP stock opened at $323.98 on Wednesday. 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 market capitalization of $218.79 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05. The business’s 50 day moving average price is $342.45 and its two-hundred day moving average price is $325.51. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.

American Express (NYSE:AXP) last released its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating analysts’ consensus estimates 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 $19.64 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter last year, the business posted $4.08 EPS. The firm’s revenue for the quarter 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, analysts forecast that American Express Company will post 17.68 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a $0.95 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio is 23.06%.

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.