Syon Capital LLC Purchases 2,482 Shares of American Express Company $AXP

Syon Capital LLC increased its position in American Express Company (NYSE:AXP) by 27.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,488 shares of the payment services company’s stock after buying an additional 2,482 shares during the quarter. Syon Capital LLC’s holdings in American Express were worth $3,886,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AXP. Premier Path Wealth Partners LLC boosted its holdings in shares of American Express by 7.4% during the second quarter. Premier Path Wealth Partners LLC now owns 6,752 shares of the payment services company’s stock worth $2,284,000 after purchasing an additional 468 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of American Express by 2.9% in the second quarter. Concurrent Investment Advisors LLC now owns 36,558 shares of the payment services company’s stock worth $12,366,000 after purchasing an additional 1,017 shares during the last quarter. NEOS Investment Management LLC increased its holdings in American Express by 14.0% during the 2nd quarter. NEOS Investment Management LLC now owns 87,576 shares of the payment services company’s stock valued at $29,623,000 after purchasing an additional 10,750 shares during the period. Burford Brothers Inc. raised its position in American Express by 1.3% during the 2nd quarter. Burford Brothers Inc. now owns 3,973 shares of the payment services company’s stock valued at $1,344,000 after purchasing an additional 52 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC lifted its holdings in American Express by 9.3% in the 2nd quarter. Smallwood Wealth Investment Management LLC now owns 585 shares of the payment services company’s stock worth $198,000 after buying an additional 50 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Barclays raised their price target on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada downgraded shares of American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Morgan Stanley decreased their price objective on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a report on Monday, July 27th. Finally, HSBC raised 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. One equities research 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.

American Express Stock Down 0.1%

Shares of NYSE:AXP opened at $329.79 on Friday. The firm has a market capitalization of $222.71 billion, a P/E ratio of 20.01, a P/E/G ratio of 1.40 and a beta of 1.05. 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 stock has a 50 day moving average price of $341.96 and a 200-day moving average price of $325.36. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.12. The company had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts anticipate that American Express Company will post 17.68 EPS for the current fiscal year.

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.