MassMutual Private Wealth & Trust FSB Increases Stock Holdings in American Express Company $AXP

Key Points

• MassMutual Private Wealth & Trust FSB increased its American Express stake by 388.2% in the third quarter, ending with 34,900 shares valued at approximately $10.6 million. Institutional investors collectively own 84.33% of AXP.
• American Express reported quarterly EPS of $4.53, exceeding estimates of $4.41, while revenue rose 10% year over year. The company guided to fiscal 2026 EPS of $17.30–$17.90.
• The company declared a quarterly dividend of $0.95 per share, equal to an annualized $3.80 and a 1.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $366.96.

MassMutual Private Wealth & Trust FSB boosted its stake in shares of American Express Company (NYSE:AXP - Free Report) by 388.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,900 shares of the payment services company's stock after purchasing an additional 27,751 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in American Express were worth $10,613,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AXP. BlackRock Inc. bought a new stake in shares of American Express in the 2nd quarter worth approximately $14,208,662,000. State Street Corp raised its stake in shares of American Express by 40.2% in the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company's stock valued at $13,857,176,000 after purchasing an additional 11,739,541 shares in the last quarter. Capital World Investors lifted its position in American Express by 46.7% in the fourth 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 period. Bank of America Corp DE lifted its position in American Express by 8.4% in the second quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company's stock worth $2,695,702,000 after purchasing an additional 614,981 shares during the period. Finally, Nuveen LLC boosted its stake in American Express by 6.0% during the fourth quarter. Nuveen LLC now owns 5,172,484 shares of the payment services company's stock worth $1,913,560,000 after buying an additional 293,107 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

American Express Stock Performance

NYSE:AXP opened at $302.76 on Monday. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The firm has a 50 day moving average of $327.48 and a 200-day moving average of $324.74. 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 stock has a market capitalization of $204.46 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 1.29 and a beta of 1.08.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 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 $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same period in the prior year, the company earned $4.08 EPS. American Express'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, sell-side analysts anticipate that American Express Company will post 17.68 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.3%. American Express's dividend payout ratio is currently 23.06%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AXP shares. TD Cowen increased their price objective on shares of American Express from $330.00 to $338.00 and gave the company a "hold" rating in a research note on Tuesday, July 7th. Benchmark initiated coverage on shares of American Express in a research report on Monday, July 13th. They set a "buy" rating on the stock. Bank of America upped their target price on shares of American Express from $387.00 to $391.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. DZ Bank upgraded shares of American Express from a "hold" rating to a "buy" rating and set a $375.00 price target for the company in a research note on Thursday, June 18th. Finally, Guggenheim assumed coverage on American Express in a report on Monday, July 13th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $366.96.

About American Express

American Express Company NYSE: AXP is a global financial services company that provides payment, lending, travel and related products to consumers, small businesses and corporate customers. Its offerings include consumer and business charge and credit cards, payment solutions, commercial financing, deposit products and rewards programs.

American Express also operates a worldwide merchant network and provides businesses with payment acceptance services, transaction-processing capabilities and data-driven marketing solutions.

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