Compass Wealth Management LLC Makes New $3.93 Million Investment in American Express Company $AXP

Compass Wealth Management LLC acquired a new stake in shares of American Express Company (NYSE:AXP) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,606 shares of the payment services company’s stock, valued at approximately $3,926,000.

Several other institutional investors have also added to or reduced their stakes in the business. Evolution Wealth Management Inc. boosted its position in shares of 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 valued at $25,000 after buying an additional 66 shares during the last quarter. Joseph Group Capital Management bought a new position in American Express in the fourth quarter valued at about $26,000. Sfam LLC bought a new position in American Express in the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in American Express in the fourth quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC bought 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 Up 0.6%

AXP stock opened at $338.10 on Wednesday. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The stock has a market cap of $228.32 billion, a P/E ratio of 20.52, a PEG ratio of 1.38 and a beta of 1.04. The business’s 50-day moving average price is $342.20 and its 200-day moving average price is $327.04.

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

American Express Dividend Announcement

The company also recently disclosed 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 of this dividend was 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 is 23.06%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group upped their price target 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. Loop Capital initiated coverage on shares of American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective on the stock. Evercore set a $370.00 target price on shares of American Express in a research report on Monday, July 27th. Guggenheim assumed coverage on shares of American Express in a report on Monday, July 13th. They set a “buy” rating for the company. Finally, Benchmark started coverage on shares of American Express in a research report on Monday, July 13th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $373.32.

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.