KMG Fiduciary Partners LLC Cuts Stock Holdings in American Express Company $AXP

KMG Fiduciary Partners LLC decreased its position in American Express Company (NYSE:AXP) by 5.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 29,697 shares of the payment services company’s stock after selling 1,621 shares during the quarter. American Express comprises approximately 0.9% of KMG Fiduciary Partners LLC’s portfolio, making the stock its 29th largest holding. KMG Fiduciary Partners LLC’s holdings in American Express were worth $10,045,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Evolution Wealth Management Inc. boosted its holdings in American Express by 6,600.0% during the fourth 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 last quarter. Joseph Group Capital Management purchased a new stake in American Express in the 4th quarter valued at about $26,000. Sfam LLC bought a new position in shares of American Express during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of American Express during the 4th quarter worth approximately $28,000. Finally, Wilkerson Advisory Group LLC purchased a new position in shares of American Express in the 4th quarter worth approximately $29,000. 84.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AXP has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised American Express from a “neutral” rating to an “overweight” rating and upped their target price for the company from $328.00 to $400.00 in a report on Monday, July 13th. HSBC upped 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. BTIG Research lowered their target price on American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research note on Monday, July 27th. Royal Bank Of Canada downgraded shares of American Express from a “moderate buy” rating to a “hold” rating in a report on Monday, July 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eleven have issued 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, the company has an average rating of “Moderate Buy” and a consensus price target of $372.84.

American Express Stock Down 0.7%

AXP stock opened at $338.54 on Tuesday. 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 capitalization of $228.62 billion, a price-to-earnings ratio of 20.54, 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. The stock has a fifty day moving average of $338.61 and a 200-day moving average of $327.91.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The business had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts predict that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were paid a $0.95 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s dividend payout ratio (DPR) is presently 23.06%.

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.