Spartan Wealth Advisory Services LLC Takes Position in American Express Company $AXP

Spartan Wealth Advisory Services LLC purchased a new position in American Express Company (NYSE:AXP) in the 1st quarter, HoldingsChannel reports. The fund purchased 11,545 shares of the payment services company’s stock, valued at approximately $3,492,000.

A number of other hedge funds also recently bought and sold shares of the company. Evolution Wealth Management Inc. increased its stake in 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 position in American Express in the fourth quarter worth about $26,000. Sfam LLC bought a new position in shares of American Express in the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of American Express during the fourth quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of American Express during the third quarter valued at approximately $28,000. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on AXP. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price target for the company in a research report on Thursday, June 18th. Benchmark initiated coverage on American Express in a research report on Monday, July 13th. They issued a “buy” rating on the stock. Truist Financial increased their target price on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Guggenheim initiated coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, American Express currently has an average rating of “Moderate Buy” and a consensus target price of $374.15.

American Express Price Performance

Shares of AXP opened at $355.44 on Friday. The firm has a market cap of $242.52 billion, a PE ratio of 22.17, a P/E/G ratio of 1.43 and a beta of 1.04. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The firm has a fifty day simple moving average of $329.39 and a two-hundred day simple moving average of $331.33. American Express Company has a 1-year low of $288.34 and a 1-year high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same period last year, the business posted $3.64 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts anticipate that American Express Company will post 17.67 EPS for the current 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 $0.95 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express’s dividend payout ratio is currently 23.71%.

Key Headlines Impacting American Express

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

• Neutral Sentiment: Jefferies reiterated its Hold rating on American Express, signaling a wait-and-see stance rather than a more bullish upgrade. Jefferies Sticks to Their Hold Rating for American Express (AXP)
• Neutral Sentiment: Barclays also kept a Hold rating on AXP, reinforcing the view that analysts are not seeing an immediate upside catalyst. Barclays Keeps Their Hold Rating on American Express (AXP)
• Neutral Sentiment: Zacks-related coverage noted that American Express has been attracting trading attention, but the article does not point to a fresh operational update or earnings surprise. Here is What to Know Beyond Why American Express Company (AXP) is a Trending Stock
• Neutral Sentiment: Another Zacks piece similarly frames AXP as a trending stock without adding a new fundamental driver. Here is What to Know Beyond Why American Express Company (AXP) is a Trending Stock
• Neutral Sentiment: Coverage ahead of earnings highlighted that American Express was expected to report results soon, but the item itself did not provide a new beat/miss or guidance update. American Express (AXP) Projected to Release Earnings on Friday

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.