Andra AP fonden Grows Stock Holdings in American Express Company $AXP

Andra AP fonden boosted its stake in shares of American Express Company (NYSE:AXP) by 33.3% during the first quarter, Holdings Channel reports. The firm owned 89,320 shares of the payment services company’s stock after purchasing an additional 22,320 shares during the quarter. Andra AP fonden’s holdings in American Express were worth $27,018,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of American Express by 1.3% during the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock valued at $10,900,528,000 after buying an additional 369,967 shares during the period. Fisher Asset Management LLC grew its holdings in shares of American Express by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock worth $3,338,238,000 after acquiring an additional 141,936 shares during the period. Bank of America Corp DE increased its position in American Express by 7.7% during the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock valued at $2,904,218,000 after acquiring an additional 558,533 shares during the last quarter. Capital World Investors increased its position in American Express by 46.7% during the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after acquiring an additional 2,393,340 shares during the last quarter. Finally, Norges Bank bought a new position in American Express in the fourth quarter valued at about $2,464,215,000. Institutional investors own 84.33% of the company’s stock.

American Express Price Performance

NYSE:AXP opened at $351.81 on Tuesday. The business’s 50-day simple moving average is $330.18 and its two-hundred day simple moving average is $330.87. American Express Company has a 52 week low of $288.34 and a 52 week high of $387.49. The stock has a market cap of $240.05 billion, a PE ratio of 21.95, a P/E/G ratio of 1.43 and a beta of 1.04. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73.

American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts forecast that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.95 per share. The ex-dividend date is 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 (DPR) is presently 23.71%.

Wall Street Analysts Forecast Growth

AXP has been the subject of several recent research reports. TD Cowen boosted their target price on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. Wells Fargo & Company dropped their price target on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Guggenheim began coverage on shares of American Express in a research report on Monday, July 13th. They set a “buy” rating for the company. Truist Financial upped their price objective on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Freedom Capital raised 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 issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Express currently has an average rating of “Moderate Buy” and a consensus target price of $374.11.

About American Express

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.