California State Teachers Retirement System Increases Stake in American Express Company $AXP

California State Teachers Retirement System increased its position in shares of American Express Company (NYSE:AXP) by 32,491.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,392,448 shares of the payment services company's stock after purchasing an additional 268,565,871 shares during the period. California State Teachers Retirement System owned 39.89% of American Express worth $91,121,996,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Dover Advisors LLC grew its position in shares of American Express by 0.4% in the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company's stock valued at $2,951,000 after buying an additional 29 shares during the last quarter. Invenio Wealth Partners LLC boosted its stake in American Express by 3.9% in the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company's stock valued at $258,000 after acquiring an additional 29 shares in the last quarter. Strait & Sound Wealth Management LLC grew its holdings in shares of American Express by 2.7% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company's stock worth $421,000 after purchasing an additional 30 shares during the last quarter. Onyx Bridge Wealth Group LLC increased its position in shares of American Express by 3.6% during the first quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company's stock worth $263,000 after purchasing an additional 30 shares in the last quarter. Finally, IMG Wealth Management Inc. lifted its holdings in shares of American Express by 6.3% in the 4th quarter. IMG Wealth Management Inc. now owns 541 shares of the payment services company's stock valued at $200,000 after purchasing an additional 32 shares during the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Price Performance

Shares of AXP opened at $326.11 on Monday. The firm has a market capitalization of $220.23 billion, a PE ratio of 19.79, a P/E/G ratio of 1.39 and a beta of 1.05. The stock's 50 day moving average is $341.66 and its two-hundred day moving average is $325.28. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 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 business had revenue of $19.64 billion during the quarter, compared to analysts' expectations of $19.70 billion. During the same period last year, the firm 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. Research analysts anticipate that American Express Company will post 17.68 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AXP shares. Royal Bank Of Canada cut American Express from a "moderate buy" rating to a "hold" rating in a research note on Monday, July 13th. HSBC upped their price target on shares of American Express from $312.00 to $329.00 and gave the company a "hold" rating in a research report on Monday, July 13th. Weiss Ratings reissued a "hold (c+)" rating on shares of American Express in a research report on Monday, July 13th. Truist Financial lifted their price objective on shares of American Express from $360.00 to $375.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Finally, Morgan Stanley decreased their target price on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $373.32.

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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