37,462 Shares in American Express Company $AXP Purchased by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC purchased 37,462 American Express shares during the second quarter, valued at approximately $12.7 million. Institutional investors and hedge funds collectively own 84.33% of AXP.
• Analyst sentiment is broadly positive: Jefferies and DZ Bank upgraded AXP to “buy,” while several firms raised price targets. MarketBeat reports a “Moderate Buy” consensus rating with an average target price of $373.32.
• American Express reported quarterly EPS of $4.53, exceeding estimates, while revenue grew 10% year over year. The company maintained its 2026 EPS guidance and paid a quarterly dividend of $0.95, equivalent to a 1.1% annualized yield.

Simplicity Wealth LLC purchased a new position in shares of American Express Company (NYSE:AXP - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,462 shares of the payment services company's stock, valued at approximately $12,671,000.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of American Express during the 4th quarter worth approximately $2,464,215,000. Bank of New York Mellon Corp bought a new stake in American Express in the 2nd quarter valued at $1,263,787,000. Capital World Investors lifted its holdings in American Express by 46.7% during the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company's stock valued at $2,780,424,000 after purchasing an additional 2,393,340 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in American Express by 350.0% during the 1st 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 purchasing an additional 961,698 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in American Express by 73.8% during the first quarter. Pictet Asset Management Holding SA now owns 1,451,606 shares of the payment services company's stock worth $438,975,000 after purchasing an additional 616,498 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

Key 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

Analyst Ratings Changes

Several research firms have commented on AXP. Jefferies Financial Group upgraded shares of American Express from a "hold" rating to a "buy" rating in a report on Monday, July 13th. 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 report on Thursday, June 18th. Piper Sandler lifted their target price on shares of American Express from $396.00 to $405.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Evercore set a $370.00 price target on shares of American Express in a research note on Monday, July 27th. Finally, Truist Financial increased their price target on shares of American Express from $360.00 to $375.00 and gave the company a "buy" rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, American Express presently has an average rating of "Moderate Buy" and an average target price of $373.32.

American Express Stock Down 0.1%

Shares of NYSE AXP opened at $342.27 on Monday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The stock has a market capitalization of $231.14 billion, a P/E ratio of 20.77, a PEG ratio of 1.38 and a beta of 1.04. The stock's fifty day moving average is $341.33 and its 200 day moving average is $327.33.

American Express (NYSE:AXP - Get Free Report) last released its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.41 by $0.12. The firm had revenue of $14.99 billion for the quarter, compared to analysts' expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts forecast that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

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