2,257 Shares in American Express Company $AXP Purchased by Summit Wealth Partners LLC

Summit Wealth Partners LLC purchased a new stake in shares of American Express Company (NYSE:AXP) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,257 shares of the payment services company’s stock, valued at approximately $683,000.

A number of other large investors also recently bought and sold shares of AXP. Evolution Wealth Management Inc. grew its stake in shares of American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management purchased a new position in shares of American Express during the 4th quarter valued at approximately $26,000. Sfam LLC acquired a new position in shares of American Express in the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express in the 4th quarter valued at $28,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in American Express during the fourth quarter worth $29,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Performance

AXP opened at $337.66 on Tuesday. The firm’s fifty day simple moving average is $319.54 and its two-hundred day simple moving average is $334.82. American Express Company has a 52-week low of $288.34 and a 52-week high of $387.49. The company has a market cap of $230.40 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.39 and a beta of 1.06. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73.

American Express (NYSE:AXP) last released its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $18.60 billion. During the same quarter in the previous year, the company earned $3.64 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts anticipate that American Express Company will post 17.64 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be given 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 presently 23.71%.

Wall Street Analysts Forecast Growth

AXP has been the topic of several analyst reports. BTIG Research restated a “sell” rating and set a $285.00 price target on shares of American Express in a research report on Tuesday, June 16th. Truist Financial lowered their target price on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Bank of America raised their target price on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Weiss Ratings lowered American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Finally, The Goldman Sachs Group increased their price target on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $360.80.

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.