RFG Advisory LLC Sells 2,952 Shares of American Express Company $AXP

RFG Advisory LLC decreased its position in shares of American Express Company (NYSE:AXP) by 21.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 10,661 shares of the payment services company’s stock after selling 2,952 shares during the period. RFG Advisory LLC’s holdings in American Express were worth $3,606,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in American Express by 24.4% during the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after acquiring an additional 1,273 shares during the period. Sivia Capital Partners LLC boosted its stake in American Express by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after acquiring an additional 200 shares in the last quarter. Schnieders Capital Management LLC. purchased a new stake in American Express in the second quarter worth about $428,000. Howland Capital Management LLC increased its stake in shares of American Express by 4.2% during the second quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock valued at $707,000 after purchasing an additional 90 shares in the last quarter. Finally, HUB Investment Partners LLC increased its stake in shares of American Express by 19.9% during the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock valued at $924,000 after purchasing an additional 481 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Down 1.3%

Shares of AXP stock opened at $321.94 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The stock has a market capitalization of $217.41 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.39 and a beta of 1.05. The firm’s 50 day moving average is $340.61 and its 200 day moving average is $324.87.

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, beating analysts’ consensus estimates of $4.41 by $0.12. The business had revenue of $19.64 billion during 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 company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts expect that American Express Company will post 17.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AXP. Bank of America boosted their price target on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Barclays lifted their price objective on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Benchmark began coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. Finally, HSBC raised their price target on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a report on Monday, July 13th. One equities 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

About American Express

American Express Company is a global payments and financial services company that provides payment products, services and experiences to consumers, businesses and institutions. Its offerings include credit and charge cards, consumer and commercial payment solutions, business financing, deposit products and expense-management tools.

The company also operates a global payments network connecting cardmembers, merchants and financial institutions. Through its merchant services business, American Express supports payment acceptance and provides data-driven marketing and customer-engagement solutions.