NEOS Investment Management LLC Raises Stock Holdings in American Express Company $AXP

NEOS Investment Management LLC boosted its position in American Express Company (NYSE:AXP) by 14.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,576 shares of the payment services company’s stock after acquiring an additional 10,750 shares during the quarter. NEOS Investment Management LLC’s holdings in American Express were worth $29,623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AXP. Burford Brothers Inc. lifted its stake in American Express by 1.3% in the second quarter. Burford Brothers Inc. now owns 3,973 shares of the payment services company’s stock worth $1,344,000 after purchasing an additional 52 shares during the last quarter. Smallwood Wealth Investment Management LLC lifted its holdings in American Express by 9.3% in the 2nd quarter. Smallwood Wealth Investment Management LLC now owns 585 shares of the payment services company’s stock worth $198,000 after buying an additional 50 shares during the period. Greenspring Advisors LLC lifted its stake in American Express by 9.3% in the second quarter. Greenspring Advisors LLC now owns 1,495 shares of the payment services company’s stock worth $506,000 after acquiring an additional 127 shares during the period. Paragon Private Wealth Management LLC raised its holdings in American Express by 2.3% in the 2nd quarter. Paragon Private Wealth Management LLC now owns 6,111 shares of the payment services company’s stock worth $2,067,000 after purchasing an additional 137 shares in the last quarter. Finally, Mayport LLC lifted its position in shares of American Express by 4.3% in the 2nd quarter. Mayport LLC now owns 1,080 shares of the payment services company’s stock worth $365,000 after purchasing an additional 45 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AXP. HSBC increased their target price on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Barclays upped their price target on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Morgan Stanley cut their target price on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. Finally, UBS Group lowered their target price on American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $373.32.

American Express Stock Down 1.1%

AXP opened at $326.11 on Friday. The company has a market capitalization of $220.23 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05. The firm has a 50-day simple moving average of $341.66 and a two-hundred day simple moving average of $325.37. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings results 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. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter in the prior year, the firm earned $4.08 earnings per share. American Express’s 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. Analysts forecast that American Express Company will post 17.68 earnings per share for the current fiscal 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.