Elevation Point Wealth Partners LLC Raises Stock Position in American Express Company $AXP

Elevation Point Wealth Partners LLC boosted its stake in American Express Company (NYSE:AXP) by 303.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,944 shares of the payment services company’s stock after purchasing an additional 15,001 shares during the period. Elevation Point Wealth Partners LLC’s holdings in American Express were worth $6,033,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AXP. Evolution Wealth Management Inc. grew its holdings 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 American Express in the fourth quarter worth about $26,000. Sfam LLC bought a new stake in shares of American Express during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of American Express during the 4th quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of American Express during the 3rd quarter valued at about $28,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Stock Performance

NYSE:AXP opened at $351.66 on Friday. The stock has a 50-day moving average price of $322.50 and a 200 day moving average price of $333.27. The stock has a market capitalization of $239.95 billion, a P/E ratio of 21.94, a P/E/G ratio of 1.45 and a beta of 1.04. American Express Company has a 12-month low of $288.34 and a 12-month high of $387.49. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73.

American Express (NYSE:AXP) last posted its quarterly 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 return on equity of 33.95% and a net margin of 15.13%.The company had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $18.60 billion. During the same period in the previous year, the firm earned $3.64 EPS. The firm’s 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. Equities research analysts forecast that American Express Company will post 17.65 EPS for the current fiscal year.

American Express Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Royal Bank Of Canada set a $415.00 price target on shares of American Express in a research report on Friday, April 10th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Loop Capital assumed coverage on American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price on the stock. Finally, Morgan Stanley decreased 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 research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $366.95.

Key Headlines Impacting 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

About American Express

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.