Proficio Capital Partners LLC Raises Stock Position in American Express Company $AXP

Proficio Capital Partners LLC increased its position in shares of American Express Company (NYSE:AXP) by 156.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,532 shares of the payment services company’s stock after acquiring an additional 2,156 shares during the period. Proficio Capital Partners LLC’s holdings in American Express were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AXP. Evolution Wealth Management Inc. boosted its holdings in American Express by 6,600.0% in the 4th 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 during the period. Archer Investment Corp bought a new position in shares of American Express in the second quarter worth $25,000. Sfam LLC purchased a new stake in shares of American Express in the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new stake in American Express during the fourth quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in American Express during the third quarter worth about $28,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Stock Performance

American Express stock opened at $323.98 on Wednesday. The firm has a fifty day simple moving average of $342.45 and a two-hundred day simple moving average of $325.51. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The company has a market capitalization of $218.79 billion, a PE ratio of 19.66, a P/E/G ratio of 1.40 and a beta of 1.05.

American Express (NYSE:AXP) last released 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 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 the consensus estimate of $19.70 billion. During the same quarter in the previous year, the business earned $4.08 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts expect that American Express Company will post 17.68 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 given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Wall Street Analysts Forecast Growth

AXP has been the subject of a number of research analyst reports. DZ Bank upgraded American Express from a “hold” rating to a “buy” rating and set a $375.00 price target for the company in a research report on Thursday, June 18th. Piper Sandler raised their target price on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. HSBC boosted their price target on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Finally, Truist Financial increased their price target on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, American Express has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

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.