TRB Wealth Management LLC Purchases New Shares in American Express Company $AXP

TRB Wealth Management LLC acquired a new stake in shares of American Express Company (NYSE:AXP) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,282 shares of the payment services company’s stock, valued at approximately $772,000.

Other hedge funds have also recently bought and sold shares of the company. Cornerstone Advisory LLC raised its holdings in shares of American Express by 2.9% in the fourth quarter. Cornerstone Advisory LLC now owns 1,017 shares of the payment services company’s stock valued at $376,000 after purchasing an additional 29 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its holdings in American Express by 3.4% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock worth $323,000 after purchasing an additional 29 shares during the last quarter. Dover Advisors LLC boosted its holdings in American Express by 0.4% during the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock worth $2,951,000 after purchasing an additional 29 shares during the last quarter. Invenio Wealth Partners LLC grew its position in American Express by 3.9% in the 3rd quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock worth $258,000 after purchasing an additional 29 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in American Express by 1.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 3,167 shares of the payment services company’s stock worth $1,172,000 after purchasing an additional 30 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AXP has been the topic of several recent analyst reports. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research report on Thursday, June 18th. Bank of America upped their target price on American Express from $387.00 to $391.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Royal Bank Of Canada downgraded American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Benchmark began coverage on American Express in a report on Monday, July 13th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group boosted their price objective on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $373.32.

American Express Stock Performance

NYSE AXP opened at $336.00 on Friday. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a 50-day simple moving average of $343.19 and a 200 day simple moving average of $326.83. 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 company has a market capitalization of $226.90 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04.

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

American Express Announces Dividend

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

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.