New Mexico Educational Retirement Board Increases Position in American Express Company $AXP

New Mexico Educational Retirement Board increased its position in shares of American Express Company (NYSE:AXP) by 7.7% during the 2nd quarter, Holdings Channel reports. The firm owned 26,663 shares of the payment services company’s stock after acquiring an additional 1,900 shares during the period. New Mexico Educational Retirement Board’s holdings in American Express were worth $9,019,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AXP. BlackRock Inc. purchased a new position in shares of American Express in the second quarter valued at about $14,208,662,000. State Street Corp grew its position in shares of 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 grew its position in shares of 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 stake in American Express by 8.4% during the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock valued at $2,695,702,000 after purchasing an additional 614,981 shares during the period. Finally, Capital World Investors lifted its holdings in American Express by 46.7% in the 4th 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. Institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

AXP has been the subject of a number of research analyst reports. Royal Bank Of Canada lowered shares of American Express from a “moderate buy” rating to a “hold” rating in a report on Monday, July 13th. Morgan Stanley lowered their target price on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Loop Capital initiated coverage on shares of American Express in a research report on Thursday, May 21st. They set a “buy” rating and a $389.00 target price for the company. BTIG Research cut their target price on shares of American Express from $324.00 to $315.00 and set a “sell” rating for the company in a research note on Monday, July 27th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. One investment 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $373.32.

American Express Stock Performance

NYSE:AXP opened at $333.64 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The stock’s 50 day simple moving average is $342.85 and its two-hundred day simple moving average is $326.18. The company has a market cap of $225.31 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.35 and a beta of 1.04.

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

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors 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 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.