American Express Company $AXP Stake Raised by Maj Invest Holding A S

Maj Invest Holding A S boosted its holdings in shares of American Express Company (NYSE:AXP) by 19.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 375,514 shares of the payment services company’s stock after buying an additional 61,316 shares during the quarter. American Express accounts for 5.8% of Maj Invest Holding A S’s investment portfolio, making the stock its 6th largest position. Maj Invest Holding A S owned approximately 0.06% of American Express worth $127,018,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AXP. Evolution Wealth Management Inc. increased its position in shares of American Express by 6,600.0% during the fourth 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 period. Joseph Group Capital Management purchased a new position in American Express in the fourth quarter valued at $26,000. Sfam LLC purchased a new position in American Express in the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express during the 4th quarter worth $28,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in American Express during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Down 0.5%

American Express stock opened at $340.96 on Friday. The stock has a market cap of $230.25 billion, a PE ratio of 20.69, a P/E/G ratio of 1.37 and a beta of 1.04. 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 stock’s fifty day moving average is $338.12 and its two-hundred day moving average is $328.26. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings data 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. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same period in the prior year, the firm posted $4.08 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts expect that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio is 23.06%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. Piper Sandler downgraded American Express from an “overweight” rating to a “hold” rating in a research report on Monday, July 13th. Barclays raised their target price on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Truist Financial boosted their price target on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $372.84.

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.