Caisse de depot et placement du Quebec Takes $100.34 Million Position in American Express Company $AXP

Caisse de depot et placement du Quebec bought a new stake in shares of American Express Company (NYSE:AXP) during the second quarter, Holdings Channel reports. The institutional investor bought 296,656 shares of the payment services company’s stock, valued at approximately $100,344,000.

Several other institutional investors and hedge funds have also bought and sold shares of AXP. Evolution Wealth Management Inc. raised its holdings 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 purchasing an additional 66 shares during the period. Joseph Group Capital Management bought a new stake in American Express in the 4th quarter valued at about $26,000. Sfam LLC bought a new stake in American Express in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express during the 4th quarter worth approximately $28,000. Finally, Wilkerson Advisory Group LLC bought a new position in American Express in the fourth quarter worth approximately $29,000. 84.33% of the stock is owned by institutional investors.

American Express Stock Performance

Shares of AXP opened at $336.32 on Thursday. The firm has a market capitalization of $227.12 billion, a P/E ratio of 20.41, 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 stock has a 50 day moving average price of $343.05 and a two-hundred day moving average price of $326.31. 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 posted its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The company had revenue of $19.64 billion for 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%.The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts forecast that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AXP shares. Guggenheim assumed coverage on American Express in a report on Monday, July 13th. They set a “buy” rating for the company. Bank of America increased their target price on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Barclays lifted their price target on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Truist Financial boosted their price target on shares of American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, TD Cowen upped their price objective on shares of American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $373.32.

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.