237,297 Shares in American Express Company $AXP Purchased by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management acquired 237,297 American Express shares worth approximately $80.3 million, while institutional investors collectively own 84.33% of AXP.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $373.32; recent ratings included upgrades from JPMorgan and DZ Bank, alongside a sell rating from BTIG Research.
• American Express reported quarterly EPS of $4.53, beating estimates, while revenue rose 10% year over year to $19.64 billion. The company also declared a quarterly dividend of $0.95 per share, equivalent to a 1.1% annual yield.

Northwestern Mutual Wealth Management Co. acquired a new position in shares of American Express Company (NYSE:AXP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 237,297 shares of the payment services company's stock, valued at approximately $80,266,000.

Other institutional investors have also modified their holdings of the company. Cornerstone Advisory LLC increased its position in shares of American Express by 2.9% during the 4th quarter. Cornerstone Advisory LLC now owns 1,017 shares of the payment services company's stock valued at $376,000 after purchasing an additional 29 shares during the last quarter. Total Clarity Wealth Management Inc. grew its holdings in shares of American Express by 3.4% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company's stock worth $323,000 after purchasing an additional 29 shares during the last quarter. Dover Advisors LLC increased its position in shares of American Express by 0.4% during the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company's stock worth $2,951,000 after acquiring an additional 29 shares during the period. Invenio Wealth Partners LLC grew its stake in American Express by 3.9% in the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company's stock worth $258,000 after purchasing an additional 29 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in American Express by 1.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,167 shares of the payment services company's stock worth $1,172,000 after purchasing an additional 30 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AXP has been the topic of a number of research reports. TD Cowen raised their target price on shares of American Express from $330.00 to $338.00 and gave the company a "hold" rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. raised shares of American Express from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $328.00 to $400.00 in a research report on Monday, July 13th. DZ Bank upgraded shares of 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. BTIG Research decreased their price target on shares of American Express from $324.00 to $315.00 and set a "sell" rating for the company in a report on Monday, July 27th. Finally, 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 report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $373.32.

American Express Price Performance

Shares of NYSE:AXP opened at $336.00 on Friday. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. 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 company has a market cap of $226.90 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. The company's 50 day moving average is $343.19 and its 200 day moving average is $326.83.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. The business had revenue of $19.64 billion during the quarter, compared to analysts' expectations of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts forecast that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express's dividend payout ratio is presently 23.06%.

American Express 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.

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