24,980 Shares in American Express Company $AXP Acquired by Daiichi Life Insurance Co. Ltd.

Key Points

• Daiichi Life Insurance acquired 24,980 American Express shares in the second quarter, valued at approximately $8.45 million. Institutional investors collectively own 84.33% of the company.
• Analysts maintain a “Moderate Buy” consensus on AXP, with a $373.32 average price target; ratings include 13 buys, 10 holds, and one sell.
• American Express reported quarterly EPS of $4.53, beating estimates of $4.41, while revenue rose 10% year over year to $19.64 billion. The company also pays a quarterly dividend of $0.95, equivalent to a 1.1% annual yield.

Daiichi Life Insurance Co. Ltd. acquired a new stake in American Express Company (NYSE:AXP) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 24,980 shares of the payment services company's stock, valued at approximately $8,449,000.

Other institutional investors have also recently modified their holdings of the company. Cornerstone Advisory LLC grew its holdings 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 worth $376,000 after purchasing an additional 29 shares in the last quarter. Total Clarity Wealth Management Inc. raised its stake in 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 valued at $323,000 after purchasing an additional 29 shares in the last quarter. Dover Advisors LLC raised its stake in American Express by 0.4% in the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company's stock valued at $2,951,000 after purchasing an additional 29 shares in the last quarter. Invenio Wealth Partners LLC lifted its position in American Express by 3.9% during 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 during the period. Finally, Geneos Wealth Management Inc. lifted its position in American Express by 1.0% during 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 during the period. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Freedom Capital raised shares of American Express from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 14th. Morgan Stanley cut their price target on shares of American Express from $385.00 to $382.00 and set an "equal weight" rating for the company in a report on Monday, July 27th. BTIG Research reduced their price target on shares of American Express from $324.00 to $315.00 and set a "sell" rating on the stock in a research report on Monday, July 27th. DZ Bank raised shares of American Express from a "hold" rating to a "buy" rating and set a $375.00 price objective on the stock in a research note on Thursday, June 18th. Finally, Evercore set a $370.00 price objective on shares of American Express in a research report on Monday, July 27th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, American Express currently has a consensus rating of "Moderate Buy" and a consensus price target of $373.32.

American Express Stock Performance

American Express stock opened at $336.00 on Friday. The stock has a market cap of $226.90 billion, a PE ratio of 20.39, a P/E/G ratio of 1.36 and a beta of 1.04. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The business's 50-day moving average price is $343.19 and its two-hundred day moving average price is $326.83.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating analysts' consensus estimates 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 $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same period last year, the company posted $4.08 EPS. The firm'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. As a group, analysts expect that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

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

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.

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