Assetmark Inc. Acquires 2,312 Shares of American Express Company $AXP

Assetmark Inc. raised its holdings in American Express Company (NYSE:AXP) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,777 shares of the payment services company’s stock after acquiring an additional 2,312 shares during the period. Assetmark Inc.’s holdings in American Express were worth $25,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AXP. Evolution Wealth Management Inc. lifted its holdings in shares of American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. Joseph Group Capital Management bought a new stake in American Express during the 4th quarter worth approximately $26,000. Sfam LLC bought a new stake in American Express during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in American Express during the 4th quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in American Express during the 3rd quarter worth approximately $28,000. 84.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Evercore began coverage on shares of American Express in a report on Monday, July 13th. They issued a “neutral” rating for the company. Guggenheim began coverage on shares of American Express in a report on Monday, July 13th. They set a “buy” rating on the stock. The Goldman Sachs Group boosted their price objective on shares of American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. HSBC upped their target price on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Finally, DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $374.15.

American Express News Roundup

Here are the key news stories impacting American Express this week:

• Neutral Sentiment: Jefferies reiterated its Hold rating on American Express, signaling a wait-and-see stance rather than a more bullish upgrade. Jefferies Sticks to Their Hold Rating for American Express (AXP)
• Neutral Sentiment: Barclays also kept a Hold rating on AXP, reinforcing the view that analysts are not seeing an immediate upside catalyst. Barclays Keeps Their Hold Rating on American Express (AXP)
• Neutral Sentiment: Zacks-related coverage noted that American Express has been attracting trading attention, but the article does not point to a fresh operational update or earnings surprise. Here is What to Know Beyond Why American Express Company (AXP) is a Trending Stock
• Neutral Sentiment: Another Zacks piece similarly frames AXP as a trending stock without adding a new fundamental driver. Here is What to Know Beyond Why American Express Company (AXP) is a Trending Stock
• Neutral Sentiment: Coverage ahead of earnings highlighted that American Express was expected to report results soon, but the item itself did not provide a new beat/miss or guidance update. American Express (AXP) Projected to Release Earnings on Friday

American Express Stock Performance

Shares of AXP stock opened at $355.44 on Friday. The company has a fifty day moving average price of $329.39 and a two-hundred day moving average price of $331.33. American Express Company has a one year low of $288.34 and a one year high of $387.49. The stock has a market cap of $242.52 billion, a P/E ratio of 22.17, a P/E/G ratio of 1.43 and a beta of 1.04. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56.

American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.01 by $0.27. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. American Express’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s payout ratio is 23.71%.

American Express Company 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.