5,594 Shares in American Express Company $AXP Acquired by Rose Capital Advisors LLC

Rose Capital Advisors LLC bought a new stake in American Express Company (NYSE:AXP) during the second quarter, Holdings Channel reports. The institutional investor bought 5,594 shares of the payment services company’s stock, valued at approximately $1,892,000. American Express accounts for approximately 0.9% of Rose Capital Advisors LLC’s holdings, making the stock its 26th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in American Express in the 2nd quarter worth approximately $14,208,662,000. Norges Bank bought a new stake in shares of American Express in the fourth quarter valued at about $2,464,215,000. Corient Private Wealth LP bought a new position in American Express in the second quarter worth $253,945,000. Bank of New York Mellon Corp acquired a new stake in shares of American Express during the 2nd quarter valued at about $1,263,787,000. Finally, Legal & General Group Plc bought a new position in shares of American Express during the second quarter valued at $1,138,054,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. DZ Bank upgraded American Express from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a research note on Thursday, June 18th. Royal Bank Of Canada lowered shares of American Express from a “moderate buy” rating to a “hold” rating in a report on Monday, July 13th. Evercore set a $370.00 price objective on shares of American Express in a research report on Monday, July 27th. Barclays increased their price objective on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Finally, HSBC lifted their price target on shares of American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Express has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Stock Down 1.1%

AXP stock opened at $326.11 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 capitalization of $220.23 billion, a PE ratio of 19.79, a PEG ratio of 1.39 and a beta of 1.05. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The business’s 50 day simple moving average is $341.66 and its 200 day simple moving average is $325.37.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating 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 business had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter last year, the firm posted $4.08 EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, research analysts anticipate that American Express Company will post 17.68 EPS for the current year.

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.