Danske Bank A S Acquires New Holdings in American Express Company $AXP

Key Points

• Danske Bank A/S acquired 381,712 American Express shares in the second quarter, valued at approximately $129.1 million, giving it a 0.06% stake. Institutional investors and hedge funds collectively own 84.33% of AXP.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $373.32. JPMorgan upgraded the stock to “overweight” and raised its target to $400.
• American Express reported quarterly EPS of $4.53, exceeding estimates of $4.41, while revenue rose 10% year over year to $14.99 billion. The company also maintains a quarterly dividend of $0.95 per share, equivalent to a 1.1% yield.

Danske Bank A S acquired a new position in American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 381,712 shares of the payment services company's stock, valued at approximately $129,114,000. Danske Bank A S owned 0.06% of American Express as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AXP. Brighton Jones LLC lifted its position in American Express by 24.4% in the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company's stock worth $1,924,000 after purchasing an additional 1,273 shares during the period. Sivia Capital Partners LLC boosted its stake in American Express by 13.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company's stock valued at $554,000 after purchasing an additional 200 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of American Express during the 2nd quarter valued at $428,000. Howland Capital Management LLC increased its position in shares of American Express by 4.2% during the 2nd quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company's stock valued at $707,000 after purchasing an additional 90 shares during the period. Finally, HUB Investment Partners LLC raised its stake in shares of American Express by 19.9% in the 2nd quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company's stock worth $924,000 after buying an additional 481 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Guggenheim initiated coverage on American Express in a research note on Monday, July 13th. They set a "buy" rating for the company. TD Cowen boosted their price target on shares of American Express from $330.00 to $338.00 and gave the stock a "hold" rating in a research report on Tuesday, July 7th. Evercore set a $370.00 price target on shares of American Express in a report on Monday, July 27th. JPMorgan Chase & Co. upgraded shares of American Express from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $328.00 to $400.00 in a research report on Monday, July 13th. Finally, HSBC lifted their price objective on shares of American Express from $312.00 to $329.00 and gave the stock a "hold" rating in a research note on Monday, July 13th. One equities 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 issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $373.32.

American Express Stock Performance

AXP opened at $338.10 on Wednesday. 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 firm has a market cap of $228.32 billion, a PE ratio of 20.52, a P/E/G ratio of 1.38 and a beta of 1.04. The business has a fifty day simple moving average of $342.20 and a 200-day simple moving average of $327.04. 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 announced its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping 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 company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same period in the previous year, the firm earned $4.08 earnings per share. American Express'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, equities analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

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

About American Express

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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