Canada Pension Plan Investment Board Takes Position in American Express Company $AXP

Canada Pension Plan Investment Board bought a new position in shares of American Express Company (NYSE:AXP) in the second quarter, HoldingsChannel reports. The institutional investor bought 1,015,427 shares of the payment services company’s stock, valued at approximately $343,468,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its holdings 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 acquiring an additional 1,273 shares during the period. Sivia Capital Partners LLC boosted its holdings 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 acquiring an additional 200 shares during the period. Schnieders Capital Management LLC. bought a new stake in shares of American Express during the second quarter worth approximately $428,000. Howland Capital Management LLC grew its position in shares of 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 purchasing an additional 90 shares during the last quarter. Finally, HUB Investment Partners LLC increased its stake in shares of American Express by 19.9% during the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock worth $924,000 after purchasing an additional 481 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Stock Down 0.4%

Shares of AXP opened at $336.14 on Wednesday. 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 12 month low of $290.97 and a 12 month high of $387.49. The firm’s 50 day moving average is $343.13 and its 200-day moving average is $326.44. The stock has a market capitalization of $227.00 billion, a PE ratio of 20.40, a P/E/G ratio of 1.37 and a beta of 1.04.

American Express (NYSE:AXP) last issued its quarterly 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. The business had revenue of $19.64 billion during the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts forecast that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Piper Sandler upped their price objective on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. upgraded American Express from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. BTIG Research dropped their target price on American Express from $324.00 to $315.00 and set a “sell” rating for the company in a report on Monday, July 27th. Finally, UBS Group reduced their target price on shares of American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $373.32.

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.