GRIMES & Co WEALTH MANAGEMENT LLC Buys 41,781 Shares of American Express Company $AXP

GRIMES & Co WEALTH MANAGEMENT LLC lifted its stake in shares of American Express Company (NYSE:AXP) by 104.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 81,956 shares of the payment services company’s stock after acquiring an additional 41,781 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in American Express were worth $24,923,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Riverbend Wealth Management LLC grew its holdings in American Express by 0.8% in the third quarter. Riverbend Wealth Management LLC now owns 4,534 shares of the payment services company’s stock worth $1,379,000 after purchasing an additional 34 shares during the period. Valmark Advisers Inc. raised its holdings in shares of American Express by 1.9% during the first quarter. Valmark Advisers Inc. now owns 1,878 shares of the payment services company’s stock valued at $568,000 after purchasing an additional 35 shares during the period. Cedar Mountain Advisors LLC raised its holdings in shares of American Express by 58.3% during the second quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock valued at $32,000 after purchasing an additional 35 shares during the period. Consilium Wealth Advisory LLC raised its holdings in shares of American Express by 4.6% during the third quarter. Consilium Wealth Advisory LLC now owns 793 shares of the payment services company’s stock valued at $241,000 after purchasing an additional 35 shares during the period. Finally, Gryphon Financial Partners LLC boosted its position in shares of American Express by 1.5% during the 1st quarter. Gryphon Financial Partners LLC now owns 2,489 shares of the payment services company’s stock worth $753,000 after purchasing an additional 36 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

AXP has been the subject of several research reports. Piper Sandler raised their target price on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. upped their price target on American Express from $360.00 to $365.00 and gave the stock an “overweight” rating in a research note on Monday, October 26th. Loop Capital cut their price target on American Express from $389.00 to $386.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Royal Bank Of Canada cut their price target on American Express from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Finally, HSBC raised their price objective 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, seventeen have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $365.22.

American Express Trading Up 2.8%

AXP opened at $328.00 on Tuesday. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The firm has a market capitalization of $219.94 billion, a PE ratio of 18.47, a P/E/G ratio of 1.35 and a beta of 1.08. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.54. The company’s 50-day moving average is $317.02 and its 200 day moving average is $326.29.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.50 by $0.18. The business had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $20.12 billion. American Express had a return on equity of 34.19% and a net margin of 15.80%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, research analysts predict that American Express Company will post 17.88 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. American Express’s payout ratio is presently 21.40%.

American Express Profile

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.