Giverny Capital Inc. Invests $15.75 Million in American Express Company $AXP

Giverny Capital Inc. purchased a new stake in American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 46,702 shares of the payment services company's stock, valued at approximately $15,754,000.

A number of other large investors have also made changes to their positions in the company. Wellington Grp LLC raised its stake in American Express by 48.0% during the 2nd quarter. Wellington Grp LLC now owns 2,950 shares of the payment services company's stock worth $998,000 after buying an additional 957 shares during the period. Strategic Financial Services Inc. bought a new stake in shares of American Express in the second quarter worth about $212,000. First Eagle Investment Management LLC increased its holdings in shares of American Express by 1.1% in the second quarter. First Eagle Investment Management LLC now owns 1,680,147 shares of the payment services company's stock worth $568,310,000 after acquiring an additional 17,519 shares in the last quarter. CYBER HORNET ETFs LLC raised its position in shares of American Express by 24.3% during the second quarter. CYBER HORNET ETFs LLC now owns 1,835 shares of the payment services company's stock worth $568,000 after purchasing an additional 359 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of American Express by 32,491.3% during the 2nd quarter. California State Teachers Retirement System now owns 269,392,448 shares of the payment services company's stock valued at $91,121,996,000 after purchasing an additional 268,565,871 shares in the last quarter. Institutional investors own 84.33% of the company's stock.

American Express Stock Down 0.0%

Shares of American Express stock opened at $326.11 on Monday. The firm has a market cap 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 business's 50 day simple moving average is $341.66 and its 200 day simple moving average is $325.28. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company had revenue of $19.64 billion during the quarter, compared to analysts' expectations of $19.70 billion. During the same period last year, the business earned $4.08 EPS. The business's quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts predict that American Express Company will post 17.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AXP. Jefferies Financial Group upgraded American Express from a "hold" rating to a "buy" rating in a research report on Monday, July 13th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of American Express in a research note on Monday, July 13th. Piper Sandler increased their price objective on shares of American Express from $396.00 to $405.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. Royal Bank Of Canada lowered shares of American Express from a "moderate buy" rating to a "hold" rating in a report on Monday, July 13th. Finally, UBS Group cut their price objective on shares of American Express from $386.00 to $384.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. One research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $373.32.

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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