Maj Invest Holding A S Buys 61,316 Shares of American Express Company $AXP

Maj Invest Holding A S boosted its stake in American Express Company (NYSE:AXP) by 19.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 375,514 shares of the payment services company’s stock after acquiring an additional 61,316 shares during the period. American Express comprises approximately 5.8% of Maj Invest Holding A S’s portfolio, making the stock its 6th largest position. Maj Invest Holding A S’s holdings in American Express were worth $127,018,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AXP. State Street Corp increased its holdings in shares of American Express by 1.3% in the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock valued at $10,900,528,000 after acquiring an additional 369,967 shares during the period. Fisher Asset Management LLC raised its position in American Express by 1.6% in the 4th 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 last quarter. Bank of America Corp DE boosted its stake in 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 purchasing an additional 558,533 shares during the period. Capital World Investors grew its position in American Express by 46.7% during 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 during the last quarter. Finally, Norges Bank purchased a new position in American Express during the 4th quarter worth $2,464,215,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AXP shares. Benchmark initiated coverage on shares of American Express in a report on Monday, July 13th. They issued a “buy” rating for the company. 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. DZ Bank upgraded American Express from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a research report on Thursday, June 18th. Morgan Stanley reduced their price objective on American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a research note on Monday, July 27th. Finally, UBS Group decreased their price objective on American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $372.84.

American Express Stock Down 0.5%

AXP stock opened at $340.96 on Friday. The stock has a market capitalization of $230.25 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.37 and a beta of 1.04. The company has a fifty day moving average of $338.12 and a 200-day moving average of $328.26. 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 Company has a one year low of $290.97 and a one year high of $387.49.

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. The company had revenue of $14.99 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 firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts expect that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

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 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio is currently 23.06%.

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.