American Express Company $AXP Stock: Prime Capital Investment Advisors LLC Decreases Stake

by · The Markets Daily

Prime Capital Investment Advisors LLC decreased its position in shares of American Express Company (NYSE:AXP) by 10.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,936 shares of the payment services company’s stock after selling 6,983 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in American Express were worth $17,922,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AXP. Archer Investment Corp bought a new stake in American Express during the 2nd quarter valued at approximately $25,000. Elevation Wealth Partners LLC boosted its stake in American Express by 78.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock worth $28,000 after purchasing an additional 41 shares during the period. Cedar Mountain Advisors LLC grew its holdings in American Express by 58.3% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock valued at $32,000 after buying an additional 35 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in American Express during the 2nd quarter valued at approximately $33,000. Finally, Avalon Trust Co bought a new stake in shares of American Express during the second quarter valued at approximately $34,000. Institutional investors own 84.33% of the company’s stock.

American Express Price Performance

Shares of NYSE AXP traded up $3.42 during midday trading on Tuesday, reaching $319.83. 1,964,332 shares of the stock traded hands, compared to its average volume of 3,228,627. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The stock has a market capitalization of $215.98 billion, a PE ratio of 19.39, a P/E/G ratio of 1.33 and a beta of 1.08. American Express Company has a one year low of $290.97 and a one year high of $387.49. The company’s 50 day moving average is $320.67 and its 200 day moving average is $325.58.

American Express (NYSE:AXP – Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping the consensus estimate 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 $14.99 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter in the previous year, the business posted $4.08 earnings per share. American Express’s quarterly 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. On average, equities research analysts anticipate that American Express Company will post 17.65 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Analyst Ratings Changes

Several research firms have recently commented on AXP. Jefferies Financial Group raised shares of American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. Barclays cut their target price on shares of American Express from $364.00 to $342.00 and set an “equal weight” rating for the company in a research note on Monday, October 5th. UBS Group reduced their price target on shares of American Express from $384.00 to $345.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. Truist Financial decreased their price target on shares of American Express from $375.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. Finally, 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 report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, American Express has an average rating of “Moderate Buy” and a consensus target price of $365.63.

Get Our Latest Research Report on AXP

American Express Profile

(Free Report)

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.

See Also

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