Deutsche Bank AG Takes Position in American Express Company $AXP

Deutsche Bank AG bought a new position in shares of American Express Company (NYSE:AXP) during the second quarter, HoldingsChannel reports. The fund bought 2,743,385 shares of the payment services company’s stock, valued at approximately $927,950,000.

Other institutional investors have also modified their holdings of the company. Evolution Wealth Management Inc. increased its stake in American Express by 6,600.0% in 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 acquired a new stake in shares of American Express during the fourth quarter worth about $26,000. Sfam LLC acquired a new stake in shares of American Express during the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of American Express during the fourth quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of American Express during the third quarter worth about $28,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Price Performance

Shares of NYSE:AXP opened at $336.50 on Tuesday. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The company has a market cap of $227.24 billion, a P/E ratio of 20.42, a PEG ratio of 1.38 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 company has a 50-day moving average price of $341.81 and a 200 day moving average price of $327.17.

American Express (NYSE:AXP) last announced its quarterly earnings data 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. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same quarter in the previous year, the company earned $4.08 EPS. The firm’s revenue for the quarter 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. Research analysts predict that American Express Company will post 17.67 earnings per share for the current 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 $0.95 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s payout ratio is 23.06%.

Analysts Set New Price Targets

AXP has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. Barclays lifted their target price on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. UBS Group dropped their target price on American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. BTIG Research cut their price target on 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, Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $373.32.

American Express Company 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.