Nykredit A S Makes New Investment in American Express Company $AXP

Key Points

• Nykredit A S acquired 190,226 American Express shares during the second quarter, valued at approximately $64.3 million. Other institutions also increased or initiated positions, with institutional investors owning 84.33% of AXP.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $373.32. JPMorgan upgraded the stock to overweight and raised its target to $400, while RBC downgraded it to hold.
• American Express reported quarterly EPS of $4.53, exceeding expectations of $4.41, while revenue rose 10% year over year to $19.64 billion. Shares opened at $330.17, below the consensus analyst target.

Nykredit A S acquired a new position in American Express Company (NYSE:AXP - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 190,226 shares of the payment services company's stock, valued at approximately $64,344,000.

Several other hedge funds have also recently made changes to their positions in AXP. Flputnam Investment Management Co. purchased a new stake in shares of American Express in the 2nd quarter worth about $12,879,000. Evolve Private Wealth LLC purchased a new position in shares of American Express during the second quarter valued at about $5,172,000. Swiss Life Asset Management Ltd raised its stake in American Express by 34.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company's stock worth $51,751,000 after buying an additional 35,533 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in American Express in the second quarter worth about $11,642,000. Finally, Peapack Gladstone Financial Corp boosted its position in American Express by 6.2% during the 4th quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company's stock valued at $24,416,000 after acquiring an additional 3,855 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AXP shares. Royal Bank Of Canada lowered American Express from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 13th. Truist Financial lifted their price target on American Express from $360.00 to $375.00 and gave the company a "buy" rating in a research report on Wednesday, June 24th. Benchmark began coverage on American Express in a research note on Monday, July 13th. They issued a "buy" rating on the stock. Guggenheim started coverage on American Express in a report on Monday, July 13th. They issued a "buy" rating for the company. Finally, JPMorgan Chase & Co. raised American Express from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $328.00 to $400.00 in a research report on Monday, July 13th. One 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 given a Sell rating to the stock. According to MarketBeat.com, American Express currently has an average rating of "Moderate Buy" and a consensus target price of $373.32.

American Express Price Performance

Shares of NYSE:AXP opened at $330.17 on Thursday. The company has a market capitalization of $222.97 billion, a P/E ratio of 20.03, a P/E/G ratio of 1.38 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. The firm's 50 day simple moving average is $342.20 and its two-hundred day simple moving average is $325.42. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54.

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. Research analysts expect that American Express Company will post 17.68 EPS for the current fiscal year.

American Express 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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