American Express Company $AXP is Vertrix Wealth Management LLC’s 9th Largest Position

Vertrix Wealth Management LLC grew its stake in American Express Company (NYSE:AXP) by 10.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,098 shares of the payment services company’s stock after buying an additional 1,641 shares during the quarter. American Express accounts for about 2.1% of Vertrix Wealth Management LLC’s portfolio, making the stock its 9th largest holding. Vertrix Wealth Management LLC’s holdings in American Express were worth $6,122,000 as of its most recent filing with the Securities & Exchange Commission.

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

American Express Stock Performance

AXP opened at $340.96 on Monday. The firm’s fifty day simple moving average is $338.12 and its two-hundred day simple moving average is $328.00. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a market cap of $230.25 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.37 and a beta of 1.04. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last released its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter in the previous year, the company earned $4.08 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts anticipate that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s dividend payout ratio is presently 23.06%.

Analyst Upgrades and Downgrades

AXP has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. Bank of America lifted their price target on American Express from $387.00 to $391.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Evercore set a $370.00 price target on American Express in a report on Monday, July 27th. BTIG Research lowered their price target 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. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $372.84.

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.