National Pension Service Boosts Position in American Express Company $AXP

Key Points

• National Pension Service increased its American Express stake by 0.8% in the second quarter, purchasing 9,873 additional shares and bringing its holdings to 1.19 million shares valued at approximately $402.9 million.
• Analysts maintain a generally positive outlook, with American Express receiving a “Moderate Buy” consensus rating and an average price target of $373.32; targets range from $370 to $405.
• American Express exceeded quarterly earnings expectations, reporting $4.53 in EPS versus the $4.41 consensus estimate, while revenue rose 10% year over year to $19.64 billion.

National Pension Service boosted its position in American Express Company (NYSE:AXP - Free Report) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,191,145 shares of the payment services company's stock after purchasing an additional 9,873 shares during the period. National Pension Service owned about 0.18% of American Express worth $402,905,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Evolution Wealth Management Inc. lifted its stake in shares of American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company's stock worth $25,000 after purchasing an additional 66 shares during the period. Sfam LLC bought a new stake in American Express during the fourth quarter valued at approximately $26,000. Archer Investment Corp bought a new stake in American Express during the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in American Express during the fourth quarter valued at approximately $28,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in American Express during the fourth quarter valued at approximately $29,000. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AXP shares. Piper Sandler lifted their price target on shares of American Express from $396.00 to $405.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Loop Capital began coverage on American Express in a research note on Thursday, May 21st. They issued a "buy" rating and a $389.00 price objective for the company. Evercore set a $370.00 target price on American Express in a report on Monday, July 27th. JPMorgan Chase & Co. upgraded American Express from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $328.00 to $400.00 in a research report on Monday, July 13th. Finally, Morgan Stanley cut 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. 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $373.32.

American Express Stock Performance

AXP opened at $321.94 on Thursday. The company has a 50 day simple moving average of $340.61 and a two-hundred day simple moving average of $324.87. 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 firm has a market cap of $217.41 billion, a P/E ratio of 19.53, a PEG ratio of 1.39 and a beta of 1.05. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49.

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 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 firm had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same period last year, the firm earned $4.08 EPS. The company's revenue 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 analysts forecast that American Express Company will post 17.68 earnings per share for the current fiscal year.

American Express Profile

American Express Company is a global payments and financial services company that provides payment products, services and experiences to consumers, businesses and institutions. Its offerings include credit and charge cards, consumer and commercial payment solutions, business financing, deposit products and expense-management tools.

The company also operates a global payments network connecting cardmembers, merchants and financial institutions. Through its merchant services business, American Express supports payment acceptance and provides data-driven marketing and customer-engagement solutions.

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