Keudell Morrison Wealth Management Makes New $632,000 Investment in American Express Company $AXP

Keudell Morrison Wealth Management bought a new stake in American Express Company (NYSE:AXP) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,707 shares of the payment services company’s stock, valued at approximately $632,000.

Several other institutional investors also recently modified their holdings of the business. Valley Wealth Managers Inc. lifted its stake in American Express by 153.3% in the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 46 shares during the last quarter. Joseph Group Capital Management purchased a new stake in shares of American Express during the fourth quarter worth $26,000. Guerra Advisors Inc purchased a new stake in shares of American Express during the third quarter worth $28,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of American Express during the third quarter worth $28,000. Finally, Torren Management LLC purchased a new stake in shares of American Express during the fourth quarter worth $32,000. 84.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AXP shares. Barclays decreased their price target on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Loop Capital started coverage on shares of American Express in a report on Thursday. They issued a “buy” rating and a $389.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. UBS Group reaffirmed a “neutral” rating and issued a $395.00 price target on shares of American Express in a report on Wednesday, February 4th. Finally, BTIG Research reaffirmed a “sell” rating and issued a $285.00 price target on shares of American Express in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $359.05.

American Express Stock Up 0.0%

AXP opened at $309.93 on Friday. The stock has a market cap of $211.48 billion, a PE ratio of 19.33, a P/E/G ratio of 1.26 and a beta of 1.08. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. American Express Company has a 52 week low of $281.46 and a 52 week high of $387.49. The business’s fifty day simple moving average is $311.23 and its 200 day simple moving average is $340.89.

American Express (NYSE:AXP) last released its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The business had revenue of $14.22 billion for the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, research analysts expect that American Express Company will post 17.59 earnings per share for the current fiscal year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 3rd were paid a $0.95 dividend. This is a boost from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 2nd. American Express’s payout ratio is currently 23.71%.

Key American Express News

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

• Positive Sentiment: American Express announced a strategic partnership with Fanatics that makes AmEx the official payments partner for select Fanatics locations, adds exclusive fan experiences, and launches a new Fanatics American Express card, potentially deepening card usage and loyalty. American Express and Fanatics Announce Exclusive Fan Experiences and New Fanatics American Express® Card
• Positive Sentiment: AmEx also highlighted its Shop Small grants program, distributing more than $10 million to over 500 small businesses, which reinforces its brand with merchants and consumers and supports its small-business network. American Express and Main Street America Award More Than $10 Million in Grants to Over 500 Small Businesses
• Neutral Sentiment: Several articles repeated the idea that American Express remains one of Warren Buffett’s favored “forever” stocks, which is supportive sentiment but not a direct business catalyst. 3 Warren Buffett Stocks to Buy and Hold Forever
• Neutral Sentiment: Other mentions of AmEx in dividend and Buffett-focused commentary were generally positive for investor perception, but they do not appear to change the company’s near-term fundamentals. 2 Warren Buffett Stocks That Pay You a Passive Income

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.