Moran Wealth Management LLC Reduces Position in American Express Company $AXP

Moran Wealth Management LLC decreased its holdings in American Express Company (NYSE:AXP) by 4.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 58,097 shares of the payment services company’s stock after selling 2,827 shares during the period. Moran Wealth Management LLC’s holdings in American Express were worth $17,573,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of AXP. 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 during the period. Joseph Group Capital Management purchased a new position in shares of American Express during the fourth quarter valued at approximately $26,000. Sfam LLC bought a new position in American Express during the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in American Express in the fourth quarter worth approximately $28,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in American Express in the fourth quarter worth approximately $29,000. Institutional investors own 84.33% of the company’s stock.

American Express Stock Down 0.1%

Shares of AXP stock opened at $351.66 on Friday. The stock has a market cap of $239.95 billion, a P/E ratio of 21.94, a PEG ratio of 1.45 and a beta of 1.04. American Express Company has a 52 week low of $288.34 and a 52 week high of $387.49. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The company’s fifty day simple moving average is $322.50 and its two-hundred day simple moving average is $333.27.

American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $18.60 billion. During the same quarter last year, the business posted $3.64 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts predict that American Express Company will post 17.65 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is currently 23.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AXP shares. Barclays decreased their target price on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Loop Capital started coverage on American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. The Goldman Sachs Group upped their price objective on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Morgan Stanley lowered their target price on American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $366.95.

Trending Headlines about American Express

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

• Positive Sentiment: American Express was highlighted in multiple articles as an attractive value and momentum stock, with Zacks and other outlets pointing to strong earnings/price momentum and undervaluation versus peers. Article Title
• Positive Sentiment: News that American Express is expanding its premium-card ecosystem beyond airports and into festivals and sporting events reinforces its appeal to affluent customers who generate high spending and fee revenue. Article Title
• Positive Sentiment: Tripadvisor said it will sell TheFork to American Express for $700 million in cash, a deal that suggests AmEx is still actively investing to broaden its travel and membership offerings. Article Title
• Neutral Sentiment: Several articles focused on valuation comparisons and sector commentary rather than a direct company-specific catalyst, including comparisons of AXP versus Intercorp Financial Services and Mastercard. Article Title
• Neutral Sentiment: American Express is approaching its next earnings report, with Wall Street expecting mid-single-digit EPS growth; this keeps attention on fundamentals but does not yet provide a new earnings result. Article Title
• Negative Sentiment: One analysis argued Mastercard may be the safer choice because it has more fee-based, risk-light economics, implicitly reminding investors that American Express carries more credit exposure and sensitivity to consumer health. Article Title

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.