Invst LLC Makes New Investment in American Express Company $AXP

Key Points

• Invst LLC acquired 3,958 American Express shares worth approximately $1.34 million during the second quarter. Institutional investors collectively own 84.33% of AXP.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $373.32, despite some target-price reductions and one sell rating.
• American Express exceeded quarterly earnings expectations, reporting $4.53 in EPS versus the $4.41 consensus estimate, while revenue rose 10% year over year. The company also pays a $0.95 quarterly dividend, equivalent to a 1.1% yield.

Invst LLC bought a new stake in shares of American Express Company (NYSE:AXP - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,958 shares of the payment services company's stock, valued at approximately $1,339,000.

Several other institutional investors also recently modified their holdings of AXP. BlackRock Inc. acquired a new stake in American Express during the 2nd quarter worth $14,208,662,000. State Street Corp lifted its stake in shares of American Express by 1.3% in the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company's stock valued at $10,900,528,000 after purchasing an additional 369,967 shares during the period. Fisher Asset Management LLC lifted its stake in shares of American Express by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company's stock valued at $3,338,238,000 after purchasing an additional 141,936 shares during the period. Bank of America Corp DE boosted its position in shares of American Express by 7.7% in the 4th quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company's stock worth $2,904,218,000 after purchasing an additional 558,533 shares during the last quarter. Finally, Capital World Investors boosted its position in shares of American Express by 46.7% in the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company's stock worth $2,780,424,000 after purchasing an additional 2,393,340 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AXP. Freedom Capital upgraded American Express from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 14th. Bank of America raised their target price on American Express from $387.00 to $391.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. Morgan Stanley decreased their target price on American Express from $385.00 to $382.00 and set an "equal weight" rating for the company in a research report on Monday, July 27th. DZ Bank upgraded shares of American Express from a "hold" rating to a "buy" rating and set a $375.00 price target on the stock in a research report on Thursday, June 18th. Finally, BTIG Research reduced their price objective on shares of American Express from $324.00 to $315.00 and set a "sell" rating on the stock in a research note on Monday, July 27th. One investment 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $373.32.

American Express Stock Performance

AXP stock opened at $336.14 on Wednesday. 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 50-day moving average price is $343.13 and its two-hundred day moving average price is $326.44. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The firm has a market cap of $227.00 billion, a PE ratio of 20.40, a P/E/G ratio of 1.37 and a beta of 1.04.

American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping the consensus estimate of $4.41 by $0.12. The firm had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business's quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the company posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, research analysts forecast that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

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

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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