26,791 Shares in American Express Company $AXP Acquired by 1ST Source Bank

Key Points

• 1ST Source Bank acquired 26,791 American Express shares worth approximately $9.06 million in the second quarter, making AXP its 25th-largest holding. Institutional investors collectively own 84.33% of the company.
• American Express reported quarterly earnings of $4.53 per share, beating estimates of $4.41, while revenue rose 10% year over year. The company also issued a $0.95 quarterly dividend, equivalent to a 1.1% annual yield.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $373.32, although individual ratings range from Strong Buy to Sell.

1ST Source Bank purchased a new stake in shares of American Express Company (NYSE:AXP - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 26,791 shares of the payment services company's stock, valued at approximately $9,062,000. American Express comprises approximately 0.4% of 1ST Source Bank's investment portfolio, making the stock its 25th largest holding.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of American Express during the 4th quarter worth about $2,464,215,000. Bank of New York Mellon Corp bought a new stake in shares of American Express in the second quarter valued at about $1,263,787,000. Capital World Investors grew its position in American Express by 46.7% during the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company's stock worth $2,780,424,000 after buying an additional 2,393,340 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in American Express by 350.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,236,438 shares of the payment services company's stock valued at $373,998,000 after acquiring an additional 961,698 shares during the period. Finally, Pictet Asset Management Holding SA raised its holdings in American Express by 73.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,451,606 shares of the payment services company's stock valued at $438,975,000 after acquiring an additional 616,498 shares in the last quarter. Institutional investors own 84.33% of the company's stock.

More American Express News

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

• Positive Sentiment: Expanded virtual-card capabilities: AXP is making American Express Virtual Cards available through its @ Work platform for U.S. corporate customers. The products offer adjustable spending limits, enhanced fraud protection and easier expense management, potentially increasing commercial-payment volumes and customer retention. American Express expands virtual cards for US commercial customers
• Positive Sentiment: Premium travel ecosystem strengthened: American Express added 350 luxury hotels across 116 countries to the Platinum Card travel program. More curated booking options could improve the value proposition of its premium cards, support spending and help justify annual fees. American Express adds 350 luxury hotels to Platinum Card travel program
• Positive Sentiment: Evidence of loyalty-driven spending: United Airlines’ results highlighted how American Express perks can help capture premium travel spending, even without a United co-branded card. The example supports AXP’s broader strategy of using travel benefits and partnerships to attract affluent customers. Popular legacy airline captures premium spend because of American Express perks
• Positive Sentiment: Constructive analyst outlook: Piper Sandler forecast meaningful appreciation potential for AXP shares, providing a positive signal following the company’s recent earnings beat and continued revenue growth. Piper Sandler Forecasts Strong Price Appreciation for American Express Stock
• Neutral Sentiment: Capital structure update: AXP issued Series E preferred shares and announced full redemption of Series D preferred shares. The move may improve funding flexibility, but it also adds preferred financing obligations and has limited direct impact on common-share earnings. American Express Issues New Series E Preferred Shares
• Neutral Sentiment: Mixed analyst sentiment: Coverage of AXP showed differing views, suggesting valuation and expectations remain areas of debate despite the company’s strong operating trends. Analysts Have Conflicting Sentiments on American Express

American Express Trading Down 0.1%

Shares of AXP opened at $342.27 on Monday. The stock has a 50 day simple moving average of $341.33 and a 200-day simple moving average of $327.33. 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 market cap of $231.14 billion, a PE ratio of 20.77, a PEG ratio of 1.38 and a beta of 1.04. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49.

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, beating analysts' consensus estimates of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $14.99 billion for the quarter, compared to analysts' expectations of $19.70 billion. During the same period in the prior year, the business posted $4.08 earnings per share. The business's 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. On average, sell-side analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

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

Analysts Set New Price Targets

AXP has been the subject of a number of research reports. Truist Financial raised their price objective on American Express from $360.00 to $375.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. UBS Group cut their target price on American Express from $386.00 to $384.00 and set a "neutral" rating for the company in a research note on Monday, August 3rd. Freedom Capital raised American Express from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 14th. Evercore set a $370.00 price target on shares of American Express in a research note on Monday, July 27th. Finally, Barclays boosted their price target on shares of American Express from $322.00 to $364.00 and gave the company an "equal weight" rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $373.32.

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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