4,364 Shares in American Express Company $AXP Acquired by Old Mission Investment Co LLC

Key Points

• Old Mission Investment Co. LLC acquired 4,364 American Express shares worth approximately $1.48 million during the second quarter. Institutional investors own 84.33% of AXP, with major additions from BlackRock, Norges Bank and others.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $373.32, despite some analysts lowering their targets and maintaining neutral ratings.
• American Express reported quarterly earnings of $4.53 per share, beating estimates of $4.41, while revenue rose 10% year over year to $19.64 billion. Shares opened at $326.11, down 1.1%.

Old Mission Investment Co LLC acquired a new position in shares of American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,364 shares of the payment services company's stock, valued at approximately $1,476,000.

Several other institutional investors have also added to or reduced their stakes in AXP. BlackRock Inc. acquired a new stake in shares of American Express in the second quarter valued at about $14,208,662,000. Norges Bank acquired a new position in American Express during the fourth quarter valued at approximately $2,464,215,000. Corient Private Wealth LP bought a new position in American Express in the second quarter valued at approximately $253,945,000. Bank of New York Mellon Corp acquired a new position in shares of American Express during the 2nd quarter worth approximately $1,263,787,000. Finally, Legal & General Group Plc bought a new stake in shares of American Express during the 2nd quarter worth approximately $1,138,054,000. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

AXP has been the subject of several recent analyst reports. Morgan Stanley cut their price objective on American Express from $385.00 to $382.00 and set an "equal weight" rating for the company in a report on Monday, July 27th. Barclays upped their price target on shares of American Express from $322.00 to $364.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 7th. UBS Group decreased their price objective on shares of American Express from $386.00 to $384.00 and set a "neutral" rating for the company in a research report on Monday, August 3rd. Freedom Capital upgraded shares of American Express from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 14th. Finally, Jefferies Financial Group raised shares of American Express from a "hold" rating to a "buy" rating in a 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 assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $373.32.

American Express Trading Down 1.1%

Shares of American Express stock opened at $326.11 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The business has a fifty day simple moving average of $341.66 and a two-hundred day simple moving average of $325.37. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The company has a market capitalization of $220.23 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 1.40 and a beta of 1.05.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.12. The company had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company's revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts forecast that American Express Company will post 17.68 EPS for the current year.

American Express Company 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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