Pursue Wealth Partners LLC Makes New $947,000 Investment in American Express Company $AXP

Pursue Wealth Partners LLC bought a new stake in American Express Company (NYSE:AXP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,800 shares of the payment services company’s stock, valued at approximately $947,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Evolution Wealth Management Inc. raised 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 during the period. Joseph Group Capital Management bought a new position in American Express during the fourth quarter valued at $26,000. Sfam LLC bought a new position in American Express during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in American Express in the fourth quarter worth $28,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in American Express in the fourth quarter worth $29,000. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on AXP shares. Barclays upped their price target on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. HSBC boosted their price objective on American Express from $312.00 to $329.00 and gave the company 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 set a “buy” rating on the stock. JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. Finally, TD Cowen lifted their target price on shares of American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Stock Down 1.7%

AXP stock opened at $336.50 on Tuesday. The stock has a 50-day simple moving average of $341.81 and a two-hundred day simple moving average of $327.17. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The firm has a market capitalization of $227.24 billion, a PE ratio of 20.42, a PEG ratio of 1.38 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 announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (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 firm had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were paid a $0.95 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.1%. American Express’s dividend payout ratio is currently 23.06%.

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.