First Eagle Investment Management LLC Increases Position in American Express Company $AXP

Key Points

• First Eagle Investment Management increased its American Express stake by 1.1% in the second quarter, adding 17,519 shares to hold 1.68 million shares valued at approximately $568.3 million. Institutional investors and hedge funds collectively own 84.33% of AXP.
• Analyst sentiment remains positive, with JPMorgan and Jefferies upgrading the stock and a consensus rating of “Moderate Buy”. The consensus price target is $373.32, with individual targets as high as $400.
• American Express reported quarterly EPS of $4.53, exceeding estimates of $4.41, while revenue rose 10% year over year to $19.64 billion. Shares opened at $326.11, below the 50-day moving average of $341.66.

First Eagle Investment Management LLC raised its holdings in American Express Company (NYSE:AXP - Free Report) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,680,147 shares of the payment services company's stock after buying an additional 17,519 shares during the period. First Eagle Investment Management LLC owned about 0.25% of American Express worth $568,310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AXP. Dover Advisors LLC boosted its holdings in American Express by 0.4% in the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company's stock valued at $2,951,000 after purchasing an additional 29 shares in the last quarter. Invenio Wealth Partners LLC lifted its holdings in shares of American Express by 3.9% in the 3rd quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company's stock valued at $258,000 after purchasing an additional 29 shares during the last quarter. Strait & Sound Wealth Management LLC lifted its stake in American Express by 2.7% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company's stock valued at $421,000 after buying an additional 30 shares during the last quarter. Onyx Bridge Wealth Group LLC raised its position in American Express by 3.6% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company's stock valued at $263,000 after purchasing an additional 30 shares during the last quarter. Finally, IMG Wealth Management Inc. raised its holdings in shares of American Express by 6.3% in the fourth quarter. IMG Wealth Management Inc. now owns 541 shares of the payment services company's stock valued at $200,000 after buying an additional 32 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AXP. Evercore set a $370.00 price target on American Express in a research note on Monday, July 27th. Benchmark initiated coverage on shares of American Express in a research report on Monday, July 13th. They set a "buy" rating for the company. Loop Capital began coverage on shares of American Express in a research report on Thursday, May 21st. They issued a "buy" rating and a $389.00 price objective on the stock. JPMorgan Chase & Co. raised American Express from a "neutral" rating to an "overweight" rating and upped their target price for the company from $328.00 to $400.00 in a research note on Monday, July 13th. Finally, Jefferies Financial Group raised shares of American Express from a "hold" rating to a "buy" rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $373.32.

American Express Price Performance

Shares of American Express stock opened at $326.11 on Monday. The stock has a market capitalization of $220.23 billion, a P/E ratio of 19.79, a PEG ratio of 1.39 and a beta of 1.05. 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. The business's fifty day moving average price is $341.66 and its 200 day moving average price is $325.28.

American Express (NYSE:AXP - Get Free Report) last issued 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 business had revenue of $19.64 billion during the quarter, compared to analysts' expectations of $19.70 billion. During the same quarter in the previous year, the business earned $4.08 EPS. The company's revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, research analysts anticipate that American Express Company will post 17.68 earnings per share for the current year.

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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