174,573 Shares in American Express Company $AXP Purchased by Nykredit A S

Key Points

• Nykredit A/S purchased 174,573 shares of American Express during the second quarter, valued at approximately $59.0 million. Institutional investors collectively own 84.33% of the company.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $373.32, despite some downgrades and target-price reductions.
• American Express reported quarterly EPS of $4.53, beating estimates of $4.41, while revenue rose 10% year over year. The stock recently traded near $311.39, below its 12-month high of $387.49.

Nykredit A S purchased a new stake in American Express Company (NYSE:AXP - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 174,573 shares of the payment services company's stock, valued at approximately $59,049,000.

Other institutional investors have also recently added to or reduced their stakes in the company. MLG Wealth Management DBA Pine Grove Financial Group acquired a new position in American Express in the 2nd quarter valued at about $364,000. Range Advisory LLC lifted its holdings in American Express by 30.4% in the second quarter. Range Advisory LLC now owns 1,290 shares of the payment services company's stock valued at $436,000 after acquiring an additional 301 shares during the last quarter. Capital & Planning LLC purchased a new position in American Express in the second quarter worth approximately $203,000. Formuepleje A S grew its position in American Express by 12.3% in the second quarter. Formuepleje A S now owns 23,780 shares of the payment services company's stock worth $8,044,000 after acquiring an additional 2,611 shares during the period. Finally, Giverny Capital Inc. acquired a new stake in American Express during the second quarter worth $15,754,000. Hedge funds and other institutional investors own 84.33% of the company's stock.

Analyst Upgrades and Downgrades

AXP has been the topic of several recent analyst reports. Guggenheim started coverage on American Express in a research note on Monday, July 13th. They issued a "buy" rating on the stock. BTIG Research reduced their price objective on shares of American Express from $324.00 to $315.00 and set a "sell" rating on the stock in a report on Monday, July 27th. Evercore set a $370.00 target price on shares of American Express in a research report on Monday, July 27th. Truist Financial increased their target price on shares of American Express from $360.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada cut shares of American Express from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 13th. One research 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 given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $373.32.

American Express Trading Up 0.1%

NYSE:AXP opened at $311.39 on Friday. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The firm has a market cap of $210.28 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.32 and a beta of 1.05. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The stock has a fifty day moving average price of $336.43 and a 200 day moving average price of $324.52.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business had revenue of $14.99 billion during the quarter, compared to analysts' expectations of $19.70 billion. During the same quarter last year, the business posted $4.08 EPS. The business's quarterly revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts anticipate that American Express Company will post 17.68 earnings per share for the current fiscal year.

American Express Profile

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.

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