Commerzbank Aktiengesellschaft FI Invests $5.89 Million in American Express Company $AXP

Key Points

• Commerzbank Aktiengesellschaft FI acquired 17,428 American Express shares in the second quarter, valued at approximately $5.89 million. Institutional investors collectively own 84.33% of AXP’s outstanding stock.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $373.32. JPMorgan and Jefferies recently upgraded the stock, while Morgan Stanley maintained an “equal weight” rating.
• American Express reported quarterly earnings of $4.53 per share, beating estimates of $4.41, while revenue rose 10% year over year. The company also paid a quarterly dividend of $0.95 per share, equivalent to a 1.1% annual yield.

Commerzbank Aktiengesellschaft FI acquired a new stake in American Express Company (NYSE:AXP - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,428 shares of the payment services company's stock, valued at approximately $5,895,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Pursue Wealth Partners LLC acquired a new stake in shares of American Express during the second quarter worth about $947,000. Phillips Wealth Planners LLC purchased a new stake in shares of American Express in the second quarter valued at approximately $593,000. Trust Co. of Vermont purchased a new stake in shares of American Express during the 2nd quarter worth $8,315,000. Principle Wealth Partners LLC purchased a new stake in American Express during the second quarter worth about $2,930,000. Finally, UP Strategic Wealth Investment Advisors LLC acquired a new stake in shares of American Express in the 2nd quarter worth approximately $304,000. Hedge funds and other institutional investors own 84.33% of the company's stock.

Analyst Upgrades and Downgrades

AXP has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of American Express from a "neutral" rating to an "overweight" rating and increased their price target for the company from $328.00 to $400.00 in a research report on Monday, July 13th. Morgan Stanley lowered their price target on American Express from $385.00 to $382.00 and set an "equal weight" rating for the company in a report on Monday, July 27th. Loop Capital began coverage on American Express in a report on Thursday, May 21st. They set a "buy" rating and a $389.00 price objective for the company. 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, Jefferies Financial Group upgraded American Express from a "hold" rating to a "buy" rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $373.32.

American Express Price Performance

AXP opened at $336.50 on Tuesday. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The company's 50-day moving average price is $341.81 and its 200 day moving average price is $327.17. The firm has a market cap of $227.24 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.04. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49.

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, topping analysts' consensus estimates of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business had revenue of $14.99 billion for the quarter, compared to analysts' expectations of $19.70 billion. During the same quarter last year, the company earned $4.08 EPS. The company's revenue for the quarter 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. As a group, sell-side analysts expect that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express's dividend payout ratio is 23.06%.

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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