Meiji Yasuda Asset Management Co Ltd. Takes Position in American Express Company $AXP

Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of American Express Company (NYSE:AXP - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 29,791 shares of the payment services company's stock, valued at approximately $10,077,000.

A number of other large investors have also recently bought and sold shares of the business. Total Clarity Wealth Management Inc. increased its position in shares of American Express by 3.4% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company's stock valued at $323,000 after purchasing an additional 29 shares during the period. Dover Advisors LLC increased its stake in shares of American Express by 0.4% during the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company's stock worth $2,951,000 after purchasing an additional 29 shares during the last quarter. Invenio Wealth Partners LLC grew its holdings in American Express by 3.9% during the third 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. Geneos Wealth Management Inc. grew its stake in shares of American Express by 1.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,167 shares of the payment services company's stock worth $1,172,000 after acquiring an additional 30 shares during the last quarter. Finally, Strait & Sound Wealth Management LLC raised its holdings in American Express by 2.7% in the 4th quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company's stock valued at $421,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 84.33% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on AXP. DZ Bank raised shares of American Express from a "hold" rating to a "buy" rating and set a $375.00 price objective on the stock in a research note on Thursday, June 18th. Guggenheim assumed coverage on shares of American Express in a research note on Monday, July 13th. They issued a "buy" rating on the stock. Truist Financial boosted their price objective on shares of American Express from $360.00 to $375.00 and gave the company a "buy" rating in a report on Wednesday, June 24th. Morgan Stanley lowered their price target on American Express from $385.00 to $382.00 and set an "equal weight" rating for the company in a report on Monday, July 27th. Finally, Evercore set a $370.00 price objective on shares of American Express in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $373.32.

American Express Price Performance

Shares of AXP opened at $336.00 on Monday. 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 has a 50-day moving average of $343.19 and a 200-day moving average of $326.65. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The company has a market capitalization of $226.90 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04.

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, beating 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 firm had revenue of $19.64 billion during the quarter, compared to analysts' expectations of $19.70 billion. During the same quarter last year, the firm posted $4.08 earnings per share. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts anticipate that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis 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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