Arizona State Retirement System Sells 3,525 Shares of American Express Company $AXP

Key Points

• Arizona State Retirement System reduced its American Express position by 2.3%, selling 3,525 shares and retaining 147,476 shares valued at approximately $49.9 million.
• Institutional investors hold 84.33% of AXP shares, with several major funds—including California State Teachers Retirement System and BlackRock—making significant purchases during the reported periods.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and a $373.32 target price. American Express also exceeded quarterly EPS expectations, reporting $4.53 versus the $4.41 consensus estimate.

Arizona State Retirement System lowered its position in American Express Company (NYSE:AXP) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 147,476 shares of the payment services company's stock after selling 3,525 shares during the period. Arizona State Retirement System's holdings in American Express were worth $49,884,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AXP. California State Teachers Retirement System boosted its stake in American Express by 32,491.3% in the second quarter. California State Teachers Retirement System now owns 269,392,448 shares of the payment services company's stock valued at $91,121,996,000 after acquiring an additional 268,565,871 shares in the last quarter. BlackRock Inc. acquired a new position in shares of American Express during the second quarter worth $14,208,662,000. Norges Bank acquired a new position in shares of American Express during the fourth quarter worth $2,464,215,000. Corient Private Wealth LP purchased a new stake in shares of American Express during the 2nd quarter valued at $253,945,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of American Express in the 2nd quarter worth $1,263,787,000. Institutional investors own 84.33% of the company's stock.

Analyst Upgrades and Downgrades

AXP has been the topic of several research analyst reports. Barclays boosted their target price on American Express from $322.00 to $364.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 7th. Weiss Ratings reissued a "hold (c+)" rating on shares of American Express in a report on Monday, July 13th. Jefferies Financial Group upgraded American Express from a "hold" rating to a "buy" rating in a research note on Monday, July 13th. Loop Capital assumed coverage on shares of American Express in a report on Thursday, May 21st. They set a "buy" rating and a $389.00 price objective on the stock. Finally, Bank of America increased their price objective on shares of American Express from $387.00 to $391.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $373.32.

American Express Stock Performance

AXP stock traded down $0.17 during midday trading on Tuesday, reaching $325.99. The stock had a trading volume of 2,587,083 shares, compared to its average volume of 3,224,271. The stock has a market cap of $220.14 billion, a PE ratio of 19.78, a P/E/G ratio of 1.39 and a beta of 1.05. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The firm has a fifty day simple moving average of $341.37 and a two-hundred day simple moving average of $325.15. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.12. The business had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts anticipate that American Express Company will post 17.68 EPS for the current year.

American Express 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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