LaSalle St. Investment Advisors LLC bought a new stake in shares of American Express Company (NYSE:AXP) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 1,887 shares of the payment services company’s stock, valued at approximately $638,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of AXP. Evolution Wealth Management Inc. grew its position in shares of American Express by 6,600.0% during the fourth 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 stake in shares of American Express in the fourth quarter worth about $26,000. Sfam LLC purchased a new stake in shares of American Express in the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express during the fourth quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in American Express during the third quarter valued at approximately $28,000. 84.33% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have issued reports on AXP shares. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. BTIG Research lowered their target price on American Express from $324.00 to $315.00 and set a “sell” rating for the company in a research report on Monday, July 27th. JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. Barclays upped their price target on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Finally, Guggenheim assumed coverage on shares of American Express in a research report on Monday, July 13th. They set a “buy” rating for the company. 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 given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $373.32.
American Express Trading Down 2.3%
Shares of NYSE AXP opened at $331.99 on Friday. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The business’s 50 day moving average is $342.98 and its two-hundred day moving average is $326.77. The stock has a market capitalization of $224.20 billion, a P/E ratio of 20.15, a PEG ratio of 1.37 and a beta of 1.04.
American Express (NYSE:AXP – Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.12. The business had revenue of $19.64 billion during 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 company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the company earned $4.08 EPS. 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 17.67 EPS for the current year.
American Express Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were given a $0.95 dividend. The ex-dividend date was 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 (DPR) is currently 23.06%.
Key Stories Impacting American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: American Express expanded its virtual-card capabilities for U.S. commercial customers through its @ Work platform and Conferma. The initiative could strengthen AXP’s position in corporate payments by improving security, spending controls, and integration with business and travel workflows. Is American Express’ Expanded Virtual Cards Strategy Deepening Its Corporate Moat in Premium Payments?
- Positive Sentiment: AXP became the official payments partner of St Andrews Links, expanding its premium sports and lifestyle partnership portfolio. The agreement may support international brand awareness, card-member engagement, and premium-card acquisition, although the near-term financial impact is likely limited. American Express and St Andrews Links Trust Announce Partnership
- Positive Sentiment: A recent profile highlighted CEO Steve Squeri’s strategy of attracting younger customers with premium products such as the Platinum Card. The company’s success with millennials and Gen Z supports the long-term value of its premium-card model. The American Express CEO Defied Haters
- Neutral Sentiment: Analyst opinions on American Express are mixed, indicating limited consensus on the stock’s valuation and outlook. Management is scheduled to participate in the Barclays Global Financial Services Conference on September 16, which could provide additional commentary on spending trends, credit quality, and guidance. Analysts’ Opinions Are Mixed on American Express American Express to Participate in Barclays Global Financial Services Conference
- Negative Sentiment: A 2026 Long Angle survey of more than 9,000 high-net-worth individuals found that Amex and Chase lagged other providers in loyalty, while Fidelity and Schwab ranked better in banking-related categories. The findings raise concerns about customer retention and competitive pressure in an important premium segment. Long Angle High-Net-Worth Study
American Express Company Profile
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.
See Also
- Five stocks we like better than American Express
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company (NYSE:AXP – Free Report).
Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.
