American Express Company $AXP Shares Acquired by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC raised its stake in shares of American Express Company (NYSE:AXP) by 2.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 130,559 shares of the payment services company’s stock after acquiring an additional 2,846 shares during the period. United Capital Financial Advisors LLC’s holdings in American Express were worth $44,162,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of AXP. Evolution Wealth Management Inc. boosted 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 worth $25,000 after purchasing an additional 66 shares during the last quarter. Joseph Group Capital Management acquired a new position in American Express in the 4th quarter valued at about $26,000. Sfam LLC acquired a new stake in shares of American Express during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express in the fourth quarter valued at approximately $28,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in American Express during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Down 0.6%

NYSE AXP opened at $334.03 on Friday. The company’s fifty day simple moving average is $342.96 and its 200-day simple moving average is $326.13. The stock has a market cap of $225.57 billion, a P/E ratio of 20.27, a PEG ratio of 1.36 and a beta of 1.04. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.12. The company had revenue of $19.64 billion during the quarter, compared to analyst estimates of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

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

Analyst Ratings Changes

AXP has been the subject of a number of research reports. Truist Financial lifted their price objective on shares of American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Evercore set a $370.00 price objective on shares of American Express in a research report on Monday, July 27th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. 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. Finally, BTIG Research lowered their target price on shares of American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, American Express presently has an average rating of “Moderate Buy” and a consensus target price of $373.32.

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.