American Express Company $AXP Shares Acquired by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC grew its holdings in American Express Company (NYSE:AXP) by 1,439.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,210 shares of the payment services company’s stock after buying an additional 54,429 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in American Express were worth $19,690,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in American Express during the second quarter worth about $14,208,662,000. State Street Corp lifted its stake in American Express by 1.3% during the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock worth $10,900,528,000 after acquiring an additional 369,967 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of American Express by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock valued at $3,338,238,000 after purchasing an additional 141,936 shares during the period. Capital World Investors grew its stake in shares of American Express by 46.7% in the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after acquiring an additional 2,393,340 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings 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 worth $2,695,702,000 after purchasing an additional 614,981 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

Shares of NYSE AXP traded down $3.50 during trading on Tuesday, hitting $324.28. 2,058,934 shares of the company were exchanged, compared to its average volume of 3,198,391. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The firm’s fifty day moving average price is $338.89 and its 200 day moving average price is $324.77. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The company has a market cap of $218.99 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 1.38 and a beta of 1.05.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same period last year, the company posted $4.08 earnings per share. The firm’s quarterly 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, sell-side analysts expect that American Express Company will post 17.68 earnings per share for the current fiscal year.

More American Express News

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

• Positive Sentiment: American Express launched a high-yield savings account for businesses, expanding its banking offerings and potentially attracting more commercial deposits. The product could strengthen relationships with small and midsize businesses while providing a new source of funding and cross-selling opportunities. American Express Launches New Savings Account for Businesses
• Positive Sentiment: A commentary on Berkshire Hathaway’s leadership transition said American Express could remain one of Berkshire’s three largest holdings for decades. Continued confidence from a major long-term shareholder may support investor sentiment and reinforce AXP’s reputation as a durable franchise. Did Greg Abel Already Make His First Big Mistake as Berkshire Hathaway CEO?
• Neutral Sentiment: Analyst coverage comparing American Express with other financial-services stocks focused on relative valuation and investment appeal. The discussion may influence value-oriented investors, but no clearly defined rating change or new earnings estimate was provided. Analysts Offer Insights on Financial Companies: American Express and Robinhood
• Negative Sentiment: High-end card-market changes are increasing costs and intensifying competition among issuers. A limited pool of affluent customers and cardholder churn could make premium products less profitable, creating a potential headwind for American Express’s luxury-card strategy. The High-End Card Changes That Are Challenging Banks

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AXP. UBS Group lowered 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 note on Monday, August 3rd. JPMorgan Chase & Co. raised American Express from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. Royal Bank Of Canada lowered shares of American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Truist Financial raised their price target on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.

American Express Profile

American Express Company is a global payments and financial services company that provides payment products, services and experiences to consumers, businesses and institutions. Its offerings include credit and charge cards, consumer and commercial payment solutions, business financing, deposit products and expense-management tools.

The company also operates a global payments network connecting cardmembers, merchants and financial institutions. Through its merchant services business, American Express supports payment acceptance and provides data-driven marketing and customer-engagement solutions.