Public Employees Retirement System of Ohio Sells 15,067 Shares of American Express Company $AXP

Key Points

• Ohio’s public employees retirement system reduced its American Express stake by 6.8%, selling 15,067 shares and retaining 205,897 shares valued at approximately $69.6 million. Institutional investors and hedge funds collectively own 84.33% of AXP.
• American Express reported quarterly EPS of $4.53, beating estimates of $4.41, while revenue rose 10% year over year to $19.64 billion. The company maintained fiscal 2026 EPS guidance of $17.30–$17.90.
• The stock has a “Moderate Buy” consensus rating, with an average analyst price target of $373.32. American Express also pays a quarterly dividend of $0.95, equivalent to a 1.1% annual yield.

Public Employees Retirement System of Ohio lowered its holdings in American Express Company (NYSE:AXP) by 6.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 205,897 shares of the payment services company's stock after selling 15,067 shares during the quarter. Public Employees Retirement System of Ohio's holdings in American Express were worth $69,645,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AXP. Evolution Wealth Management Inc. grew its position in 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 last quarter. Joseph Group Capital Management bought a new stake in shares of American Express in the fourth quarter valued at about $26,000. Sfam LLC acquired a new stake in American Express during the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express during the fourth quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in American Express during the third quarter valued at about $28,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

AXP opened at $334.03 on Friday. The company has a fifty day moving average price of $342.96 and a two-hundred day moving average price of $326.13. The firm has a market capitalization of $225.57 billion, a PE ratio of 20.27, a P/E/G ratio of 1.36 and a beta of 1.04. American Express Company has a 52 week low of $290.97 and a 52 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.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. The business had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm's revenue was up 10.0% on a year-over-year basis. During the same period last year, the company earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts anticipate that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were paid 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 23.06%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AXP. TD Cowen raised their price objective on American Express from $330.00 to $338.00 and gave the stock a "hold" rating in a research report on Tuesday, July 7th. Freedom Capital upgraded American Express from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 14th. Barclays lifted their price target on shares of American Express from $322.00 to $364.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 7th. Truist Financial boosted their price target 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. Finally, Jefferies Financial Group raised shares of American Express from a "hold" rating to a "buy" rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, American Express has a consensus rating of "Moderate Buy" and an average target price of $373.32.

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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