Summit Global Investments Makes New $601,000 Investment in American Express Company $AXP

Summit Global Investments acquired a new position in shares of American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,775 shares of the payment services company’s stock, valued at approximately $601,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in American Express by 1.3% during the fourth quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock worth $10,900,528,000 after purchasing an additional 369,967 shares in the last quarter. Fisher Asset Management LLC raised its holdings in American Express by 1.6% during 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 purchasing an additional 141,936 shares in the last quarter. Bank of America Corp DE raised its holdings 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 worth $2,904,218,000 after purchasing an additional 558,533 shares in the last quarter. Capital World Investors raised its holdings 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 worth $2,780,424,000 after purchasing an additional 2,393,340 shares in the last quarter. Finally, Norges Bank acquired a new stake in American Express during the fourth quarter worth approximately $2,464,215,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Key Stories Impacting American Express

Here are the key news stories impacting American Express this week:

• Positive Sentiment: Expanded corporate payments capabilities: American Express is embedding virtual cards more deeply into its U.S. commercial-payment tools, including the @ Work platform and Conferma for business travel. The strategy could improve security, simplify expense management and increase customer retention, strengthening Amex’s competitive position in premium corporate payments. Is American Express’ Expanded Virtual Cards Strategy Deepening Its Corporate Moat in Premium Payments?
• Positive Sentiment: New St Andrews partnership: American Express became the official payments partner of St Andrews Links, expanding its sports and lifestyle marketing platform. The agreement may support international brand visibility, card-member engagement and premium travel-related spending, though the near-term financial impact is likely limited. American Express and St Andrews Links Trust Announce Partnership
• Positive Sentiment: Premium-card momentum and younger customers: A profile of CEO Steve Squeri highlights Amex’s success attracting millennials and Generation Z to high-fee products such as the Platinum card. Continued acceptance of premium annual fees would support spending growth, fee revenue and the company’s long-term brand positioning. The American Express CEO Defied Haters
• Neutral Sentiment: Upcoming investor presentation: Management will participate in the Barclays Global Financial Services Conference on September 16. Investors may receive updated commentary on spending trends, credit quality and 2026 guidance, but no new information was announced today. American Express to Participate in Barclays Global Financial Services Conference
• Neutral Sentiment: Limited indirect items: American Express is included among the holdings of US Financial 15 Split Corp., while Berkshire Hathaway’s portfolio is becoming more concentrated in Dow components. These developments offer little direct information about AXP’s fundamentals or valuation.

American Express Price Performance

AXP stock traded up $1.38 during trading on Wednesday, hitting $339.90. The stock had a trading volume of 2,538,525 shares, compared to its average volume of 3,294,725. The company’s 50 day moving average price is $342.20 and its two-hundred day moving average price is $327.04. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The stock has a market cap of $229.54 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.38 and a beta of 1.04. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share 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 firm had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter in the previous year, the company posted $4.08 EPS. The firm’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, sell-side analysts forecast that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was 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 is currently 23.06%.

Analyst Ratings Changes

A number of equities analysts have recently commented on AXP shares. Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. HSBC boosted their target price on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research report on Thursday, June 18th. JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. Finally, Guggenheim began coverage on shares of American Express in a research report on Monday, July 13th. They issued a “buy” rating on the stock. One equities 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $373.32.

American Express Company 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.