B. Metzler seel. Sohn & Co. AG lowered its stake in shares of American Express Company (NYSE:AXP) by 17.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 74,028 shares of the payment services company's stock after selling 15,297 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in American Express were worth $25,040,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Flputnam Investment Management Co. acquired a new stake in American Express in the 2nd quarter valued at about $12,879,000. Evolve Private Wealth LLC acquired a new position in shares of American Express during the 2nd quarter worth approximately $5,172,000. Swiss Life Asset Management Ltd grew its position in shares of American Express by 34.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company's stock valued at $51,751,000 after purchasing an additional 35,533 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of American Express in the second quarter valued at approximately $11,642,000. Finally, Peapack Gladstone Financial Corp increased its holdings in shares of American Express by 6.2% in the fourth quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company's stock valued at $24,416,000 after purchasing an additional 3,855 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.
American Express Stock Performance
Shares of American Express stock opened at $330.17 on Thursday. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The business's fifty day simple moving average is $342.20 and its 200-day simple moving average is $325.42. The firm has a market cap of $222.97 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.38 and a beta of 1.05. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66.
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 analysts' consensus estimates 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 $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same period last year, the company earned $4.08 EPS. The company's quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts forecast that American Express Company will post 17.68 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Loop Capital assumed coverage on American Express in a research report on Thursday, May 21st. They set a "buy" rating and a $389.00 price objective on the stock. Morgan Stanley cut their target price on American Express from $385.00 to $382.00 and set an "equal weight" rating for the company in a research note on Monday, July 27th. HSBC lifted their price target on American Express from $312.00 to $329.00 and gave the stock a "hold" rating in a report on Monday, July 13th. Freedom Capital raised shares of American Express from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 14th. Finally, BTIG Research dropped their price objective on shares of American Express from $324.00 to $315.00 and set a "sell" rating for the company in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, American Express presently has a consensus rating of "Moderate Buy" and a consensus target price of $373.32.
Check Out Our Latest Analysis on AXP
About American Express
(
Free Report)
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.
Further Reading
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