American Express Company $AXP Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC grew its holdings in American Express Company (NYSE:AXP) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,800 shares of the payment services company’s stock after purchasing an additional 1,893 shares during the quarter. HB Wealth Management LLC’s holdings in American Express were worth $23,272,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. grew its stake in shares of American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after acquiring an additional 66 shares in the last quarter. Sfam LLC purchased a new position in shares of American Express in the 4th quarter valued at about $26,000. Archer Investment Corp acquired a new position in shares of American Express during the second quarter worth about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of American Express during the fourth quarter worth approximately $28,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in shares of American Express during the fourth quarter worth approximately $29,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Price Performance

Shares of NYSE:AXP opened at $326.11 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. American Express Company has a one year low of $290.97 and a one year high of $387.49. The company has a 50-day simple moving average of $341.66 and a 200-day simple moving average of $325.37. The stock has a market capitalization of $220.23 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.39 and a beta of 1.05.

American Express (NYSE:AXP) last issued its quarterly earnings results 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. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter in the previous year, the firm posted $4.08 EPS. The firm’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, analysts predict that American Express Company will post 17.68 EPS for the current year.

Wall Street Analyst Weigh In

AXP has been the subject of a number of recent research reports. Truist Financial lifted their price target on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. BTIG Research dropped their price objective 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. Morgan Stanley reduced their price objective on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Bank of America boosted their target price on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. raised American Express from a “neutral” rating to an “overweight” rating and increased their target price for the company from $328.00 to $400.00 in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $373.32.

American Express 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.