2,743,385 Shares in American Express Company $AXP Acquired by Deutsche Bank AG

Deutsche Bank AG bought a new position in shares of American Express Company (NYSE:AXP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,743,385 shares of the payment services company’s stock, valued at approximately $927,950,000. Deutsche Bank AG owned approximately 0.41% of American Express as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after purchasing an additional 1,273 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of American Express by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after buying an additional 200 shares during the period. Schnieders Capital Management LLC. acquired a new stake in American Express in the second quarter valued at approximately $428,000. Howland Capital Management LLC raised its holdings in American Express by 4.2% in the second quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock valued at $707,000 after acquiring an additional 90 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its stake in American Express by 19.9% in the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock worth $924,000 after acquiring an additional 481 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Down 1.7%

Shares of NYSE:AXP opened at $336.50 on Tuesday. The company has a market capitalization of $227.24 billion, a PE ratio of 20.42, a P/E/G ratio of 1.38 and a beta of 1.04. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The firm has a 50 day simple moving average of $341.81 and a 200-day simple moving average of $327.17.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (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 business had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter in the prior year, the business posted $4.08 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts predict 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 was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Royal Bank Of Canada cut shares of American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $328.00 to $400.00 in a research note on Monday, July 13th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $373.32.

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.