CFO4Life Group LLC Makes New $1.05 Million Investment in American Express Company $AXP

CFO4Life Group LLC bought a new position in shares of American Express Company (NYSE:AXP) during the second quarter, HoldingsChannel reports. The institutional investor bought 3,110 shares of the payment services company’s stock, valued at approximately $1,052,000.

A number of other large investors have also recently modified their holdings of AXP. Cornerstone Advisory LLC increased its holdings in American Express by 2.9% during the 4th quarter. Cornerstone Advisory LLC now owns 1,017 shares of the payment services company’s stock worth $376,000 after purchasing an additional 29 shares during the period. Total Clarity Wealth Management Inc. lifted its holdings in shares of American Express by 3.4% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock worth $323,000 after buying an additional 29 shares during the period. Dover Advisors LLC grew its position in shares of American Express by 0.4% during the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock worth $2,951,000 after buying an additional 29 shares in the last quarter. Invenio Wealth Partners LLC increased its stake in shares of American Express by 3.9% during the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock valued at $258,000 after buying an additional 29 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of American Express by 1.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,167 shares of the payment services company’s stock valued at $1,172,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AXP shares. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $328.00 to $400.00 in a research note on Monday, July 13th. Truist Financial boosted their price target on shares of American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Guggenheim assumed coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating on the stock. Evercore set a $370.00 price objective on shares of American Express in a research note on Monday, July 27th. Finally, Piper Sandler upped their target price on American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $373.32.

American Express Stock Performance

Shares of AXP opened at $336.00 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The firm has a market cap of $226.90 billion, a PE ratio of 20.39, a P/E/G ratio of 1.36 and a beta of 1.04. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The stock has a fifty day moving average price of $343.19 and a 200-day moving average price of $326.83.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the previous year, the business earned $4.08 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts predict that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were issued a dividend of $0.95 per share. 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 is 23.06%.

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.