American Express Company $AXP Shares Acquired by Handelsbanken Fonder AB

Key Points

• Handelsbanken Fonder AB increased its American Express stake by 19.3% in the second quarter, adding 39,679 shares to own 244,766 shares valued at approximately $82.8 million. Institutional investors collectively hold 84.33% of AXP’s stock.
• American Express reported quarterly EPS of $4.53, beating estimates by $0.12, while revenue rose 10% year over year to $14.99 billion. The company maintained fiscal 2026 EPS guidance of $17.30–$17.90.
• The company declared a quarterly dividend of $0.95 per share, equivalent to an annualized $3.80 dividend and a 1.1% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $372.84.

Handelsbanken Fonder AB increased its position in shares of American Express Company (NYSE:AXP) by 19.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 244,766 shares of the payment services company's stock after acquiring an additional 39,679 shares during the quarter. Handelsbanken Fonder AB's holdings in American Express were worth $82,792,000 as of its most recent filing with the Securities and Exchange Commission.

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

American Express Trading Down 0.7%

AXP opened at $338.54 on Tuesday. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The business has a fifty day simple moving average of $338.61 and a 200-day simple moving average of $327.91. The firm has a market cap of $228.62 billion, a P/E ratio of 20.54, a P/E/G ratio of 1.37 and a beta of 1.04.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $19.70 billion. During the same quarter in the previous year, the business earned $4.08 EPS. The company's quarterly 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, equities analysts expect that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were paid a dividend of $0.95 per share. 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 dividend payout ratio is 23.06%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. The Goldman Sachs Group upped their price objective on American Express from $360.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, April 28th. 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. Morgan Stanley reduced their target price on American Express from $385.00 to $382.00 and set an "equal weight" rating on the stock in a research report on Monday, July 27th. Evercore set a $370.00 price target on American Express in a research note on Monday, July 27th. Finally, Jefferies Financial Group upgraded American Express from a "hold" rating to a "buy" rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $372.84.

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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