Varma Mutual Pension Insurance Co Invests $37.90 Million in American Express Company $AXP

Varma Mutual Pension Insurance Co purchased a new stake in American Express Company (NYSE:AXP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 112,035 shares of the payment services company's stock, valued at approximately $37,896,000.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on AXP shares. HSBC boosted their price objective on shares of American Express from $312.00 to $329.00 and gave the company a "hold" rating in a research note on Monday, July 13th. Piper Sandler increased their target price 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. DZ Bank raised shares of American Express from a "hold" rating to a "buy" rating and set a $375.00 price target for the company in a report on Thursday, June 18th. JPMorgan Chase & Co. raised shares of American Express from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $328.00 to $400.00 in a report on Monday, July 13th. Finally, Freedom Capital raised shares of American Express from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $373.32.

American Express Stock Up 1.5%

Shares of NYSE AXP opened at $336.00 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The business has a 50-day moving average of $343.19 and a 200-day moving average of $326.83. The firm has a market capitalization of $226.90 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.36 and a beta of 1.04. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49.

American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating analysts' consensus estimates of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business 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 posted $4.08 earnings per share. American Express's quarterly 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. Sell-side analysts expect that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express's payout ratio is currently 23.06%.

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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