Jupiter Topco LLC Invests $805.97 Million in American Express Company $AXP

Key Points

• Jupiter Topco LLC acquired 2.38 million American Express shares worth approximately $806 million in the second quarter, giving it a 0.35% stake. 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; targets range from $338 to $400.
• American Express exceeded quarterly earnings expectations, reporting $4.53 in EPS versus $4.41 expected, while revenue rose 10% year over year to $19.64 billion. The company also pays a $0.95 quarterly dividend, yielding about 1.1% annually.

Jupiter Topco LLC bought a new position in shares of American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,382,750 shares of the payment services company's stock, valued at approximately $805,966,000. Jupiter Topco LLC owned about 0.35% of American Express as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its stake in American Express by 24.4% during 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 lifted its stake in American Express by 13.0% in the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company's stock valued at $554,000 after buying an additional 200 shares during the period. Schnieders Capital Management LLC. bought a new position in shares of American Express during the 2nd quarter worth approximately $428,000. Howland Capital Management LLC boosted its holdings 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 worth $707,000 after buying an additional 90 shares in the last quarter. Finally, HUB Investment Partners LLC grew its position in shares of American Express by 19.9% during 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 during the period. Institutional investors and hedge funds own 84.33% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. TD Cowen boosted their target price on shares of American Express from $330.00 to $338.00 and gave the company a "hold" rating in a research report on Tuesday, July 7th. The Goldman Sachs Group raised their price target on shares of American Express from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Tuesday, April 28th. Weiss Ratings reiterated a "hold (c+)" rating on shares of American Express in a report on Monday, July 13th. Loop Capital started coverage on shares of American Express in a research report on Thursday, May 21st. They set a "buy" rating and a $389.00 price objective on the stock. Finally, Evercore set a $370.00 target price on American Express in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $373.32.

American Express Trading Down 0.4%

NYSE AXP opened at $336.14 on Wednesday. The stock has a market capitalization of $227.00 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.37 and a beta of 1.04. American Express Company has a one year low of $290.97 and a one year high of $387.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The business's fifty day moving average is $343.13 and its 200-day moving average is $326.44.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings data 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. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same quarter in the previous year, the firm posted $4.08 earnings per share. 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. Equities research analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

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