24,980 Shares in American Express Company $AXP Bought by Daiichi Life Insurance Co. Ltd.

Daiichi Life Insurance Co. Ltd. bought a new stake in American Express Company (NYSE:AXP) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 24,980 shares of the payment services company’s stock, valued at approximately $8,449,000.

Other hedge funds have also recently made changes to their positions in the company. Flputnam Investment Management Co. acquired a new position in American Express in the 2nd quarter valued at approximately $12,879,000. Keybank National Association OH lifted its holdings in shares of American Express by 3.0% during the fourth quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock worth $132,909,000 after purchasing an additional 10,495 shares during the period. Swiss Life Asset Management Ltd lifted its holdings in shares of American Express by 34.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock worth $51,751,000 after purchasing an additional 35,533 shares during the period. Peapack Gladstone Financial Corp grew its stake in shares of American Express by 6.2% in the fourth quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock worth $24,416,000 after purchasing an additional 3,855 shares during the last quarter. Finally, Thames Capital Management LLC increased its holdings in American Express by 189.6% in the fourth quarter. Thames Capital Management LLC now owns 80,463 shares of the payment services company’s stock valued at $29,767,000 after purchasing an additional 52,679 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. Loop Capital began coverage on American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target for the company. DZ Bank upgraded American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective for the company in a research report on Thursday, June 18th. Morgan Stanley cut their price objective on American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a research note on Monday, July 27th. Finally, Truist Financial upped their target price on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $373.32.

American Express Price Performance

AXP stock opened at $336.00 on Friday. The firm has a market cap of $226.90 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.36 and a beta of 1.04. 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 Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company’s fifty day simple moving average is $343.19 and its 200 day simple moving average is $326.83.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same period last year, the business posted $4.08 EPS. The business’s 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, analysts expect that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

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

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.