Bullseye Investment Management LLC Invests $1.14 Million in American Express Company $AXP

Key Points

• Bullseye Investment Management initiated a $1.14 million position in American Express during the second quarter, buying 3,373 shares. AXP now represents 0.6% of the firm’s portfolio, while institutional investors collectively own 84.33% of the stock.
• American Express reported quarterly EPS of $4.53, exceeding analyst estimates of $4.41, while revenue rose 10% year over year to $19.64 billion. The company issued fiscal 2026 EPS guidance of $17.30–$17.90.
• AXP shares recently traded at $324.64, below the analyst consensus price target of $373.32. Wall Street’s overall rating is “Moderate Buy,” with 13 analysts recommending Buy or Strong Buy, 10 Holds and one Sell.

Bullseye Investment Management LLC bought a new position in American Express Company (NYSE:AXP) during the second quarter, according to its most recent filing with the SEC. The firm bought 3,373 shares of the payment services company's stock, valued at approximately $1,141,000. American Express makes up 0.6% of Bullseye Investment Management LLC's investment portfolio, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Flputnam Investment Management Co. bought a new stake in American Express during the 2nd quarter worth approximately $12,879,000. Evolve Private Wealth LLC bought a new position in shares of American Express in the second quarter valued at approximately $5,172,000. OMERS ADMINISTRATION Corp purchased a new position in shares of American Express during the second quarter valued at approximately $11,642,000. Peapack Gladstone Financial Corp grew its holdings in American Express by 6.2% during the fourth quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company's stock worth $24,416,000 after buying an additional 3,855 shares in the last quarter. Finally, Blue Capital Inc. purchased a new stake in American Express in the 4th quarter valued at $2,838,000. Institutional investors own 84.33% of the company's stock.

American Express Stock Performance

Shares of American Express stock traded up $3.93 during trading hours on Friday, hitting $324.64. 1,929,270 shares of the company's stock traded hands, compared to its average volume of 3,209,303. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The stock has a market capitalization of $219.23 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.37 and a beta of 1.05. The company has a fifty day simple moving average of $339.99 and a 200-day simple moving average of $324.69. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54.

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 analysts' consensus estimates of $4.41 by $0.12. The company had revenue of $19.64 billion for the quarter, compared to analysts' expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts anticipate that American Express Company will post 17.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AXP shares. Jefferies Financial Group upgraded American Express from a "hold" rating to a "buy" rating in a research note on Monday, July 13th. Guggenheim assumed coverage on shares of American Express in a report on Monday, July 13th. They issued a "buy" rating for the company. DZ Bank raised shares of American Express from a "hold" rating to a "buy" rating and set a $375.00 price target on the stock in a research report on Thursday, June 18th. Evercore set a $370.00 price target on shares of American Express in a report on Monday, July 27th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of American Express in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, American Express presently has a consensus rating of "Moderate Buy" and an average target price of $373.32.

About American Express

American Express Company is a global payments and financial services company that provides payment products, services and experiences to consumers, businesses and institutions. Its offerings include credit and charge cards, consumer and commercial payment solutions, business financing, deposit products and expense-management tools.

The company also operates a global payments network connecting cardmembers, merchants and financial institutions. Through its merchant services business, American Express supports payment acceptance and provides data-driven marketing and customer-engagement solutions.

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