77,751 Shares in American Express Company $AXP Purchased by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of American Express Company (NYSE:AXP) during the 1st quarter, Holdings Channel.com reports. The fund purchased 77,751 shares of the payment services company’s stock, valued at approximately $23,518,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of American Express during the fourth quarter valued at approximately $2,464,215,000. Capital World Investors raised its holdings 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 buying an additional 2,393,340 shares during the period. Pictet Asset Management Holding SA lifted its stake in shares of American Express by 73.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,451,606 shares of the payment services company’s stock worth $438,975,000 after acquiring an additional 616,498 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of American Express by 7.7% during the 4th quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock worth $2,904,218,000 after acquiring an additional 558,533 shares during the last quarter. Finally, Amundi boosted its holdings in American Express by 23.9% during the 3rd quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock valued at $925,449,000 after acquiring an additional 537,205 shares during the period. 84.33% of the stock is owned by hedge funds and other institutional investors.

More American Express News

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

• Positive Sentiment: American Express raised the annual fee on its Platinum card to $895, a 29% increase that could lift card-fee revenue if retention stays strong, as recent reports suggest. American Express Raised Its Platinum Annual Fee to $895. Here’s What the 29% Hike Means for Card-Fee Revenue.
• Positive Sentiment: Analyst coverage continues to frame American Express as a strong financial-services name, which can support investor confidence heading into the next earnings report. Analysts Offer Insights on Financial Companies: American Express (AXP) and Metlife (MET)
• Positive Sentiment: Some investors are looking for a pre-earnings setup in American Express before the July 24 report, suggesting expectations for another solid quarter. The 1 Simple Reason to Buy American Express Before July 24 Earnings
• Neutral Sentiment: One article asks whether American Express is overpriced, but it appears to be a valuation discussion rather than a new operational issue. Is American Express (NYSE:AXP) Priced Too High?
• Neutral Sentiment: Broader payment-industry news, including Visa’s AI banking tool and PayPal-related takeover speculation, may influence sentiment for card networks, but it does not directly change American Express fundamentals. Visa Strengthens Value-Added Services With AI Assistant for Banks

American Express Stock Up 0.8%

NYSE:AXP opened at $361.23 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. American Express Company has a 1-year low of $288.34 and a 1-year high of $387.49. The company has a 50-day moving average of $328.60 and a 200 day moving average of $331.16. The firm has a market cap of $246.48 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04.

American Express (NYSE:AXP) last posted its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter last year, the firm posted $3.64 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, research analysts anticipate that American Express Company will post 17.66 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is presently 23.71%.

Analysts Set New Price Targets

AXP has been the topic of several research analyst reports. UBS Group upped their price objective on American Express from $340.00 to $386.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Loop Capital began coverage on American Express in a research report on Thursday, May 21st. They set a “buy” rating and a $389.00 target price for the company. Wells Fargo & Company lowered their target price on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. BTIG Research upped their price target on shares of American Express from $285.00 to $324.00 and gave the stock a “sell” rating in a report on Tuesday, June 30th. Finally, Morgan Stanley raised shares of American Express from a “positive” rating to an “overweight” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, American Express has an average rating of “Moderate Buy” and an average target price of $374.15.

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.