American Express Company $AXP Stock Acquired by Modera Wealth Management LLC

Modera Wealth Management LLC boosted its stake in American Express Company (NYSE:AXP) by 8.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,375 shares of the payment services company’s stock after purchasing an additional 1,653 shares during the period. Modera Wealth Management LLC’s holdings in American Express were worth $6,196,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Wyoming grew its holdings in American Express by 78.3% in the 3rd quarter. State of Wyoming now owns 410 shares of the payment services company’s stock worth $125,000 after acquiring an additional 180 shares during the last quarter. Whelan Financial raised its stake in shares of American Express by 7.0% during the third quarter. Whelan Financial now owns 5,060 shares of the payment services company’s stock valued at $1,539,000 after acquiring an additional 332 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of American Express by 1,710.9% during the third quarter. International Assets Investment Management LLC now owns 82,522 shares of the payment services company’s stock valued at $25,095,000 after acquiring an additional 77,965 shares during the last quarter. Lebenthal Global Advisors LLC raised its stake in shares of American Express by 7.5% during the third quarter. Lebenthal Global Advisors LLC now owns 10,398 shares of the payment services company’s stock valued at $3,162,000 after acquiring an additional 726 shares during the last quarter. Finally, Canopy Partners LLC boosted its holdings in shares of American Express by 1.6% during the third quarter. Canopy Partners LLC now owns 6,341 shares of the payment services company’s stock worth $1,928,000 after purchasing an additional 100 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Stock Down 1.4%

Shares of American Express stock opened at $319.03 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.54 and a debt-to-equity ratio of 1.64. The company’s fifty day simple moving average is $317.18 and its two-hundred day simple moving average is $326.44. The company has a market cap of $213.93 billion, a P/E ratio of 17.96, a PEG ratio of 1.35 and a beta of 1.08. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.50 by $0.18. The firm had revenue of $20.06 billion during the quarter, compared to analyst estimates of $20.12 billion. American Express had a return on equity of 34.19% and a net margin of 15.80%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Research analysts anticipate that American Express Company will post 17.88 EPS for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s dividend payout ratio is 21.40%.

Analysts Set New Price Targets

AXP has been the topic of several recent analyst reports. Royal Bank Of Canada cut their target price on American Express from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Benchmark assumed coverage on American Express in a report on Monday, July 13th. They set a “buy” rating on the stock. Piper Sandler upped their price target on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Truist Financial dropped their price objective on American Express from $375.00 to $370.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. Finally, BTIG Research dropped their price objective on American Express from $315.00 to $230.00 and set a “sell” rating for the company in a report on Monday, September 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $365.19.

Trending Headlines about American Express

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express introduced a new redemption option allowing eligible consumer and business cash-back cardmembers to deposit Reward Dollars into American Express High Yield Savings Accounts and Business Checking Accounts. The feature could improve customer retention, deepen relationships across the company’s card and banking products, and support deposit growth. American Express Connects Cash Back to High Yield Savings Accounts and Business Checking Accounts
• Positive Sentiment: The launch of Canada’s first Hilton Honors American Express co-branded card expands the company’s international partnership with Hilton and could generate additional spending, fees, and customer acquisition. American Express and Hilton Launch Canada’s First Hilton Honors Credit Card
• Positive Sentiment: American Express benefited from positive payments-sector sentiment after Mastercard reported better-than-expected revenue and earnings, although the effect may be temporary. Mastercard Rises on Revenue and EPS Beat
• Neutral Sentiment: American Express issued $1.5 billion of fixed-to-floating-rate notes carrying a 5.447% rate. The financing provides capital, but increases interest expense and leverage exposure. American Express Issues New Fixed-to-Floating Rate Notes
• Neutral Sentiment: Analyst coverage remains mixed. Commentary favors Mastercard for faster growth, more diversified revenue, and lower credit risk, while other coverage highlights AXP’s strong profitability, revenue growth, share repurchases, and Berkshire Hathaway’s sizable stake.
• Negative Sentiment: A U.S. Bank risk executive is reportedly moving to American Express as the company deals with regulatory penalties related to anti-money-laundering compliance failures. The leadership addition may strengthen risk controls, but the penalties and compliance scrutiny create reputational and cost risks. U.S. Bank Risk Chief Heads to Amex
• Negative Sentiment: Relative-value analysis argues that Mastercard currently offers better growth prospects and lower credit risk than American Express, potentially limiting investor enthusiasm for AXP despite its lower valuation.

About American Express

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.