Marble Wealth LLC Invests $1.72 Million in American Express Company $AXP

Marble Wealth LLC acquired a new position in shares of American Express Company (NYSE:AXP) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,651 shares of the payment services company’s stock, valued at approximately $1,721,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Joseph Group Capital Management acquired a new position in shares of American Express during the 4th quarter worth about $26,000. Guerra Advisors Inc acquired a new position in shares of American Express during the 3rd quarter worth about $28,000. Measured Wealth Private Client Group LLC acquired a new position in shares of American Express during the 3rd quarter worth about $28,000. Torren Management LLC acquired a new position in shares of American Express during the 4th quarter worth about $32,000. Finally, Entrust Financial LLC acquired a new position in shares of American Express during the 4th quarter worth about $41,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Down 0.8%

AXP opened at $310.94 on Wednesday. The business has a 50 day moving average price of $313.18 and a two-hundred day moving average price of $338.30. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The company has a market cap of $212.16 billion, a PE ratio of 19.40, a P/E/G ratio of 1.28 and a beta of 1.06. American Express Company has a 52 week low of $286.15 and a 52 week high of $387.49.

American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating the consensus estimate of $4.01 by $0.27. The firm had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.64 EPS. 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 17.59 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AXP shares. Barclays decreased their target price on American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. The Goldman Sachs Group upped their target price on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. UBS Group reissued a “neutral” rating and issued a $395.00 target price on shares of American Express in a research report on Wednesday, February 4th. Evercore set a $345.00 target price on American Express in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada set a $415.00 target price on American Express in a research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, American Express currently has a consensus rating of “Hold” and an average price target of $359.05.

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.