Alberta Investment Management Corp Buys Shares of 230,000 American Express Company $AXP

Key Points

• Alberta Investment Management Corp. bought 230,000 American Express shares worth approximately $77.8 million in the second quarter, establishing a new position. Institutional investors collectively own 84.33% of AXP’s outstanding stock.
• American Express reported quarterly EPS of $4.53, exceeding estimates by $0.12, while revenue increased 10% year over year. The company reaffirmed fiscal 2026 EPS guidance of $17.30–$17.90.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $373.32; AXP also pays a quarterly dividend of $0.95, or $3.80 annually.

Alberta Investment Management Corp purchased a new stake in American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 230,000 shares of the payment services company's stock, valued at approximately $77,798,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its stake in American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company's stock valued at $1,924,000 after acquiring an additional 1,273 shares during the last quarter. Sivia Capital Partners LLC raised its position in American Express by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company's stock worth $554,000 after acquiring an additional 200 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in American Express during the second quarter worth about $428,000. Howland Capital Management LLC lifted its holdings in shares of American Express by 4.2% in the second quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company's stock valued at $707,000 after purchasing an additional 90 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its holdings in shares of American Express by 19.9% in the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company's stock valued at $924,000 after purchasing an additional 481 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company's stock.

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

American Express Stock Performance

Shares of AXP opened at $342.27 on Monday. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The company's 50 day simple moving average is $341.33 and its 200 day simple moving average is $327.33. The company has a market capitalization of $231.14 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.38 and a beta of 1.04. 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 (NYSE:AXP - Get Free Report) last released its earnings results on Friday, July 24th. The payment services company reported $4.53 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 net margin of 15.07% and a return on equity of 34.12%. During the same period in the previous year, the company earned $4.08 EPS. American Express's revenue for the quarter was up 10.0% on a year-over-year basis. 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 year.

American Express Dividend Announcement

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

Analyst Upgrades and Downgrades

AXP has been the subject of a number of recent research reports. Truist Financial raised their price objective on shares of American Express from $360.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Guggenheim initiated coverage on American Express in a research note on Monday, July 13th. They issued a "buy" rating on the stock. Royal Bank Of Canada cut American Express from a "moderate buy" rating to a "hold" rating in a report on Monday, July 13th. Piper Sandler raised their price target on American Express from $396.00 to $405.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. Finally, BTIG Research cut their price target on American Express from $324.00 to $315.00 and set a "sell" rating for the company in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $373.32.

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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