ARQ Wealth Advisors LLC Raises Stock Position in American Express Company $AXP

ARQ Wealth Advisors LLC raised its holdings in shares of American Express Company (NYSE:AXP) by 707.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,458 shares of the payment services company’s stock after acquiring an additional 16,172 shares during the quarter. ARQ Wealth Advisors LLC’s holdings in American Express were worth $5,583,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Evolution Wealth Management Inc. raised its stake in 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 during the period. Joseph Group Capital Management purchased a new stake in American Express during the 4th quarter valued at approximately $26,000. Sfam LLC bought a new stake in shares of American Express during the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of American Express during the fourth quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of American Express in the third quarter worth $28,000. Institutional investors own 84.33% of the company’s stock.

American Express Trading Up 1.1%

Shares of NYSE:AXP traded up $3.80 during trading on Friday, reaching $350.52. The company’s stock had a trading volume of 2,791,983 shares, compared to its average volume of 3,064,715. The stock has a market capitalization of $239.17 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04. American Express Company has a 12 month low of $288.34 and a 12 month high of $387.49. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The firm’s 50 day simple moving average is $325.61 and its two-hundred day simple moving average is $332.21.

American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The business had revenue of $14.21 billion for 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 company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, research analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a research note on Thursday, June 18th. The Goldman Sachs Group increased their price objective on shares of American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Wells Fargo & Company reduced their target price on American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Loop Capital initiated coverage on American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price on the stock. Finally, Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $368.70.

American Express News Summary

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

• Positive Sentiment: American Express is expanding AI across payments, including new tools and security features, which could improve customer experience, fraud prevention, and long-term growth prospects. Can AmEx’s AI Investments Unlock the Next Phase of Growth?
• Positive Sentiment: Bank of America raised its price target on AXP to $391 from $387 and kept a buy rating, signaling continued confidence in upside from current levels. American Express price target raised by Bank of America Corporation
• Positive Sentiment: Some recent commentary says the stock may be a bargain after its pullback this year, with upcoming second-quarter earnings viewed as a potential catalyst for a rebound. Is American Express Stock a Bargain?
• Neutral Sentiment: American Express also broke ground on its new global headquarters at 2 World Trade Center, a long-term strategic project that supports brand and operational growth but is not an immediate earnings driver. American Express Breaks Ground on New Headquarters at 2 World Trade Center
• Negative Sentiment: Recent articles note AXP has been under pressure this year and fell more sharply than the broader market in the latest session, reminding investors that sentiment is still somewhat fragile ahead of earnings. American Express (AXP) Sees a More Significant Dip Than Broader Market: Some Facts to Know

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.