Mitsubishi UFJ Asset Management Co. Ltd. Invests $579.11 Million in American Express Company $AXP

Key Points

• Mitsubishi UFJ Asset Management purchased 1.71 million American Express shares worth approximately $579.1 million, giving it a 0.25% stake. Institutional investors collectively own 84.33% of AXP.
• American Express reported quarterly EPS of $4.53, beating estimates by $0.12, while revenue rose 10% year over year. The company issued fiscal 2026 EPS guidance of $17.30–$17.90.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $373.32. AXP also pays a quarterly dividend of $0.95, equivalent to a 1.1% yield.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,712,074 shares of the payment services company's stock, valued at approximately $579,109,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.25% of American Express as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AXP. State Street Corp boosted its holdings in shares of American Express by 1.3% in the fourth quarter. State Street Corp now owns 29,464,868 shares of the payment services company's stock worth $10,900,528,000 after acquiring an additional 369,967 shares during the period. Fisher Asset Management LLC boosted its stake in 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 worth $3,338,238,000 after purchasing an additional 141,936 shares during the period. Bank of America Corp DE grew its holdings in American Express by 7.7% during the 4th quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company's stock valued at $2,904,218,000 after buying an additional 558,533 shares in the last quarter. Capital World Investors boosted its position in shares of 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 valued at $2,780,424,000 after acquiring an additional 2,393,340 shares during the period. Finally, Norges Bank purchased a new position in American Express during the fourth quarter valued at approximately $2,464,215,000. Institutional investors own 84.33% of the company's stock.

American Express News Summary

Here are the key news stories impacting American Express this week:

• Positive Sentiment: Expanded virtual-card capabilities: AXP is making American Express Virtual Cards available through its @ Work platform for U.S. corporate customers. The products offer adjustable spending limits, enhanced fraud protection and easier expense management, potentially increasing commercial-payment volumes and customer retention. American Express expands virtual cards for US commercial customers
• Positive Sentiment: Premium travel ecosystem strengthened: American Express added 350 luxury hotels across 116 countries to the Platinum Card travel program. More curated booking options could improve the value proposition of its premium cards, support spending and help justify annual fees. American Express adds 350 luxury hotels to Platinum Card travel program
• Positive Sentiment: Evidence of loyalty-driven spending: United Airlines’ results highlighted how American Express perks can help capture premium travel spending, even without a United co-branded card. The example supports AXP’s broader strategy of using travel benefits and partnerships to attract affluent customers. Popular legacy airline captures premium spend because of American Express perks
• Positive Sentiment: Constructive analyst outlook: Piper Sandler forecast meaningful appreciation potential for AXP shares, providing a positive signal following the company’s recent earnings beat and continued revenue growth. Piper Sandler Forecasts Strong Price Appreciation for American Express Stock
• Neutral Sentiment: Capital structure update: AXP issued Series E preferred shares and announced full redemption of Series D preferred shares. The move may improve funding flexibility, but it also adds preferred financing obligations and has limited direct impact on common-share earnings. American Express Issues New Series E Preferred Shares
• Neutral Sentiment: Mixed analyst sentiment: Coverage of AXP showed differing views, suggesting valuation and expectations remain areas of debate despite the company’s strong operating trends. Analysts Have Conflicting Sentiments on American Express

American Express Trading Down 0.1%

NYSE AXP opened at $342.27 on Monday. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The stock has a 50 day simple moving average of $341.33 and a two-hundred day simple moving average of $327.33. The stock has a market cap of $231.14 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.38 and a beta of 1.04.

American Express (NYSE:AXP - Get Free Report) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.12. The firm had revenue of $14.99 billion for the quarter, compared to analysts' expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business's revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, 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 declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were issued a $0.95 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.1%. American Express's payout ratio is 23.06%.

Analysts Set New Price Targets

Several research firms have issued reports on AXP. Truist Financial increased their target price on shares of American Express from $360.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Bank of America boosted their price target on shares of American Express from $387.00 to $391.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. Evercore set a $370.00 price objective on American Express in a research report on Monday, July 27th. DZ Bank raised American Express from a "hold" rating to a "buy" rating and set a $375.00 price objective for the company in a research note on Thursday, June 18th. Finally, TD Cowen boosted their target price on American Express from $330.00 to $338.00 and gave the stock a "hold" rating in a research report on Tuesday, July 7th. One 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. Based on data from MarketBeat, the company has an average 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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