Amundi lessened its holdings in shares of American Express Company (NYSE:AXP - Free Report) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,355,244 shares of the payment services company's stock after selling 136,512 shares during the quarter. Amundi owned approximately 0.35% of American Express worth $796,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in AXP. Evolution Wealth Management Inc. grew its holdings in American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company's stock valued at $25,000 after buying an additional 66 shares in the last quarter. Sfam LLC purchased a new stake in American Express in the fourth quarter worth $26,000. Archer Investment Corp bought a new stake in American Express during the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd bought a new position in American Express in the fourth quarter worth approximately $28,000. Finally, Wilkerson Advisory Group LLC bought a new stake in shares of American Express in the fourth quarter valued at about $29,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. HSBC boosted their price target on shares of American Express from $312.00 to $329.00 and gave the company a "hold" rating in a report on Monday, July 13th. Truist Financial upped their target price on American Express from $360.00 to $375.00 and gave the stock a "buy" rating in a report on Wednesday, June 24th. Bank of America increased their target price on American Express from $387.00 to $391.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. Jefferies Financial Group raised American Express from a "hold" rating to a "buy" rating in a research report on Monday, July 13th. Finally, TD Cowen raised their price target on shares of American Express from $330.00 to $338.00 and gave the company a "hold" rating in a report on Tuesday, July 7th. One equities 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $373.32.
View Our Latest Analysis on American Express
American Express Price Performance
Shares of NYSE AXP opened at $326.11 on Monday. The business's 50 day moving average price is $341.66 and its 200 day moving average price is $325.28. The firm has a market cap of $220.23 billion, a P/E ratio of 19.79, a P/E/G ratio of 1.39 and a beta of 1.05. 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.
American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating 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 business had revenue of $19.64 billion during the quarter, compared to analyst estimates of $19.70 billion. During the same quarter last year, the business posted $4.08 EPS. The company's 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. On average, sell-side analysts expect that American Express Company will post 17.68 earnings per share for the current year.
American Express Profile
(
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.
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