HighTower Advisors LLC Has $154.53 Million Holdings in American Express Company $AXP

HighTower Advisors LLC lessened its stake in shares of American Express Company (NYSE:AXP) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 456,856 shares of the payment services company’s stock after selling 25,486 shares during the quarter. HighTower Advisors LLC’s holdings in American Express were worth $154,532,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. California State Teachers Retirement System grew its holdings in American Express by 32,491.3% during the second quarter. California State Teachers Retirement System now owns 269,392,448 shares of the payment services company’s stock valued at $91,121,996,000 after purchasing an additional 268,565,871 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of American Express in the second quarter worth $14,208,662,000. State Street Corp lifted its stake in shares of American Express by 1.3% in the fourth quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock worth $10,900,528,000 after buying an additional 369,967 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of American Express by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock worth $3,338,238,000 after buying an additional 141,936 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of American Express by 8.4% during the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock worth $2,695,702,000 after buying an additional 614,981 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

AXP has been the topic of several recent analyst reports. DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a report on Thursday, June 18th. Loop Capital began coverage on American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target on the stock. Bank of America lifted their price objective on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Finally, HSBC increased their target price on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, American Express presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Stock Down 0.0%

Shares of AXP opened at $326.11 on Monday. 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 50-day simple moving average of $341.66 and a 200-day simple moving average of $325.28. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The firm has a market capitalization of $220.23 billion, a P/E ratio of 19.79, a P/E/G ratio of 1.39 and a beta of 1.05.

American Express (NYSE:AXP) last released its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. The business had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts expect that American Express Company will post 17.68 earnings per share for the current year.

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.