E Fund Management Co. Ltd. Invests $674,000 in American Express Company $AXP

E Fund Management Co. Ltd. acquired a new stake in shares of American Express Company (NYSE:AXP) in the second quarter, HoldingsChannel.com reports. The firm acquired 1,993 shares of the payment services company’s stock, valued at approximately $674,000.

Other large investors have also bought and sold shares of the company. 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 valued at $25,000 after acquiring an additional 66 shares in the last quarter. Joseph Group Capital Management bought a new position in American Express in the 4th quarter valued at approximately $26,000. Sfam LLC purchased a new stake in American Express during the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in American Express during the 4th quarter valued at $28,000. Finally, Wilkerson Advisory Group LLC purchased a new position in shares of American Express in the fourth quarter worth $29,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. BTIG Research decreased their target price on American Express from $324.00 to $315.00 and set a “sell” rating for the company in a research report on Monday, July 27th. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and raised their price target for the company from $328.00 to $400.00 in a report on Monday, July 13th. Guggenheim initiated coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. Finally, Evercore set a $370.00 price objective on shares of American Express in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $373.32.

American Express News Roundup

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

• Positive Sentiment: American Express is expanding its premium lifestyle and sports partnerships by naming St Andrews Links its Official Payments Partner. The agreement could increase global brand visibility, card-member engagement and spending among affluent travelers and golf fans. American Express and St Andrews Links Trust partnership
• Positive Sentiment: AXP has expanded virtual-card capabilities for U.S. commercial customers through its @ Work platform and Conferma. The move embeds American Express more deeply into corporate payment and travel workflows, potentially improving retention, security and business-spending volumes. American Express expanded virtual cards strategy
• Positive Sentiment: A profile of CEO Steve Squeri highlights American Express’s successful focus on millennials and Gen Z customers, including the willingness of younger consumers to pay premium annual fees for differentiated benefits. The narrative reinforces the company’s premium-card strategy and customer growth potential. American Express CEO and premium card strategy
• Neutral Sentiment: Management will participate in the Barclays Global Financial Services Conference on September 16. The event may provide updates on spending trends, credit quality and 2026 guidance, but no new financial outlook was announced. American Express Barclays conference announcement
• Neutral Sentiment: American Express is among the holdings in US Financial 15 Split Corp., which declared a monthly preferred-share distribution. The announcement has no direct impact on AXP’s earnings or capital allocation. US Financial 15 preferred dividend announcement

American Express Trading Up 0.4%

American Express stock opened at $339.90 on Thursday. The business has a 50-day simple moving average of $342.72 and a two-hundred day simple moving average of $326.91. The company has a market cap of $229.54 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.36 and a beta of 1.04. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping the consensus estimate of $4.41 by $0.12. The firm had revenue of $19.64 billion during the quarter, compared to analyst estimates of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.American Express’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

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

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.