State Street Corp Acquires 11,739,541 Shares of American Express Company $AXP

Key Points

• State Street increased its American Express stake by 40.2% in the second quarter, acquiring 11.74 million shares and bringing its holdings to 40.97 million shares, worth approximately $13.86 billion.
• American Express shares fell 2.1% to $307.13, while the company reported quarterly EPS of $4.53, exceeding estimates of $4.41. Revenue rose 10% year over year, and fiscal 2026 EPS guidance remains $17.30–$17.90.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $373.32, despite some analysts maintaining hold or sell ratings.

State Street Corp grew its holdings in American Express Company (NYSE:AXP - Free Report) by 40.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,967,262 shares of the payment services company's stock after purchasing an additional 11,739,541 shares during the quarter. State Street Corp owned about 6.07% of American Express worth $13,857,176,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Evolution Wealth Management Inc. grew its holdings in American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company's stock worth $25,000 after acquiring an additional 66 shares during the last quarter. Archer Investment Corp bought a new position in shares of American Express in the second quarter worth about $25,000. Lifetime Wealth Management P.C. acquired a new position in shares of American Express during the fourth quarter worth approximately $33,000. Cedar Mountain Advisors LLC lifted its position in shares of American Express by 58.3% during the second quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company's stock worth $32,000 after purchasing an additional 35 shares in the last quarter. Finally, Frazier Financial Advisors LLC bought a new stake in shares of American Express during the second quarter valued at approximately $33,000. Institutional investors own 84.33% of the company's stock.

American Express Trading Down 2.1%

Shares of AXP stock traded down $6.46 during trading hours on Tuesday, reaching $307.13. The company had a trading volume of 1,502,176 shares, compared to its average volume of 3,213,901. The company has a 50 day moving average of $335.62 and a 200 day moving average of $324.69. 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 $207.41 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 1.32 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, topping analysts' consensus estimates of $4.41 by $0.12. The business had revenue of $14.99 billion during 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 firm's quarterly 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, equities research analysts anticipate that American Express Company will post 17.68 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on AXP shares. BTIG Research lowered their price target on shares of American Express from $324.00 to $315.00 and set a "sell" rating for the company in a report on Monday, July 27th. DZ Bank upgraded American Express from a "hold" rating to a "buy" rating and set a $375.00 price objective on the stock in a research report on Thursday, June 18th. Bank of America lifted their target price on American Express from $387.00 to $391.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. 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. Finally, HSBC upped their price target on American Express from $312.00 to $329.00 and gave the company a "hold" rating in a research note on Monday, July 13th. One 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $373.32.

American Express Company 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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