Proficio Capital Partners LLC Raises Stock Position in American Express Company $AXP

Proficio Capital Partners LLC grew its stake in shares of American Express Company (NYSE:AXP) by 156.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,532 shares of the payment services company’s stock after acquiring an additional 2,156 shares during the period. Proficio Capital Partners LLC’s holdings in American Express were worth $1,195,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AXP. BlackRock Inc. purchased a new stake in shares of American Express in the 2nd quarter worth $14,208,662,000. State Street Corp grew its position in shares of American Express by 1.3% during the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock worth $10,900,528,000 after buying an additional 369,967 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of American Express by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock valued at $3,338,238,000 after buying an additional 141,936 shares during the period. Bank of America Corp DE increased its stake in shares of American Express by 8.4% during the second quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock valued at $2,695,702,000 after buying an additional 614,981 shares during the period. Finally, Capital World Investors raised its holdings in shares of American Express by 46.7% in the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after acquiring an additional 2,393,340 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Trading Up 0.1%

NYSE:AXP opened at $336.32 on Thursday. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The firm has a 50 day moving average of $343.05 and a 200 day moving average of $326.31. 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 capitalization of $227.12 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.36 and a beta of 1.04.

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, topping the consensus estimate of $4.41 by $0.12. The business had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts anticipate that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were given 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 (DPR) is presently 23.06%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank Of Canada lowered shares of American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. Piper Sandler increased their price objective on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Benchmark began coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. Morgan Stanley lowered their target price on American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a report on Monday, July 27th. Finally, Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $373.32.

American Express 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.