Vertrix Wealth Management LLC Raises Holdings in American Express Company $AXP

Vertrix Wealth Management LLC raised its stake in American Express Company (NYSE:AXP) by 10.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,098 shares of the payment services company’s stock after purchasing an additional 1,641 shares during the period. American Express accounts for approximately 2.1% of Vertrix Wealth Management LLC’s investment portfolio, making the stock its 9th largest holding. Vertrix Wealth Management LLC’s holdings in American Express were worth $6,122,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Evolution Wealth Management Inc. grew its position in shares of 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 worth $25,000 after buying an additional 66 shares during the last quarter. Joseph Group Capital Management acquired a new stake in American Express in the fourth quarter valued at approximately $26,000. Sfam LLC purchased a new position in American Express in the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express during the fourth quarter worth $28,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of American Express during the fourth quarter worth $29,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Stock Up 0.0%

American Express stock opened at $340.96 on Monday. The business’s 50-day simple moving average is $338.12 and its two-hundred day simple moving average is $328.00. 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 market cap of $230.25 billion, a PE ratio of 20.69, a PEG ratio of 1.37 and a beta of 1.04. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49.

American Express (NYSE:AXP) last released its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. The firm had revenue of $14.99 billion during 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 company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts anticipate that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be paid 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 payout ratio is presently 23.06%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Truist Financial raised their price objective on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Guggenheim assumed coverage on American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. The Goldman Sachs Group raised their price target on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Jefferies Financial Group upgraded shares of American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. Finally, TD Cowen increased their price objective on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, American Express presently has a consensus rating of “Moderate Buy” and an average target price of $372.84.

American Express 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.