ABN AMRO Bank N.V. Buys Shares of 114,561 American Express Company $AXP

Key Points

• ABN AMRO Bank initiated a position in American Express by purchasing 114,561 shares valued at approximately $39 million. Institutional investors collectively own 84.33% of AXP’s outstanding stock.
• Analyst sentiment remains broadly positive but mixed: American Express has a consensus rating of “Moderate Buy” and an average price target of $373.32, with recent upgrades and downgrades from major firms.
• American Express exceeded quarterly EPS expectations, reporting $4.53 versus the $4.41 consensus estimate, while revenue increased 10% year over year. The company also maintains a quarterly dividend of $0.95, equivalent to a 1.1% annual yield.

ABN AMRO Bank N.V. bought a new stake in American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 114,561 shares of the payment services company's stock, valued at approximately $39,016,000.

Several other large investors have also modified their holdings of AXP. Evolution Wealth Management Inc. lifted its position in American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company's stock valued at $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management purchased a new stake in American Express in the 4th quarter valued at approximately $26,000. Sfam LLC acquired a new position in American Express during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of American Express during the 4th quarter worth approximately $28,000. Finally, Wilkerson Advisory Group LLC purchased a new position in shares of American Express during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 84.33% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AXP shares. Jefferies Financial Group upgraded American Express from a "hold" rating to a "buy" rating in a research note on Monday, July 13th. Royal Bank Of Canada cut American Express from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 13th. UBS Group reduced their target price on American Express from $386.00 to $384.00 and set a "neutral" rating for the company in a report on Monday, August 3rd. The Goldman Sachs Group boosted their target price on shares of American Express from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of American Express in a research note on Monday, July 13th. One investment 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 issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $373.32.

American Express Stock Performance

AXP opened at $342.27 on Friday. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The stock has a market cap of $231.14 billion, a P/E ratio of 20.77, a P/E/G ratio of 1.38 and a beta of 1.04. The stock's 50 day simple moving average is $341.33 and its 200 day simple moving average is $327.58. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54.

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 (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. The firm had revenue of $14.99 billion during 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%.American Express's revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The firm 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. This represents a $3.80 dividend on an annualized basis 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%.

Key Stories Impacting American Express

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

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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