North Dakota State Investment Board Purchases Shares of 18,843 American Express Company $AXP

North Dakota State Investment Board purchased a new stake in shares of American Express Company (NYSE:AXP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,843 shares of the payment services company’s stock, valued at approximately $6,971,000.

A number of other large investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in American Express by 1.7% during the third quarter. Fisher Asset Management LLC now owns 8,881,546 shares of the payment services company’s stock valued at $2,950,095,000 after purchasing an additional 146,586 shares in the last quarter. Capital World Investors raised its position in American Express by 0.5% during the third quarter. Capital World Investors now owns 5,122,335 shares of the payment services company’s stock valued at $1,701,435,000 after purchasing an additional 24,297 shares in the last quarter. Capital Research Global Investors raised its position in American Express by 0.7% during the third quarter. Capital Research Global Investors now owns 4,452,660 shares of the payment services company’s stock valued at $1,479,019,000 after purchasing an additional 29,331 shares in the last quarter. Ameriprise Financial Inc. raised its position in American Express by 27.0% during the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock valued at $1,310,515,000 after purchasing an additional 845,283 shares in the last quarter. Finally, Legal & General Group Plc raised its position in American Express by 2.4% during the third quarter. Legal & General Group Plc now owns 3,483,876 shares of the payment services company’s stock valued at $1,157,204,000 after purchasing an additional 83,189 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Up 0.1%

Shares of AXP opened at $313.69 on Monday. The stock has a market capitalization of $214.04 billion, a P/E ratio of 19.57, a PEG ratio of 1.27 and a beta of 1.08. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The firm has a fifty day simple moving average of $310.73 and a two-hundred day simple moving average of $342.28. American Express Company has a twelve month low of $281.46 and a twelve month high of $387.49.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.27. The business had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, research analysts anticipate that American Express Company will post 17.59 EPS for the current year.

American Express Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 3rd were paid a $0.95 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This is a boost from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. American Express’s payout ratio is 23.71%.

Analyst Ratings Changes

A number of research firms have weighed in on AXP. BTIG Research restated a “sell” rating and set a $285.00 price target on shares of American Express in a research report on Friday, April 24th. JPMorgan Chase & Co. decreased their price objective on American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Weiss Ratings downgraded American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. Royal Bank Of Canada set a $415.00 price objective on American Express in a report on Friday, April 10th. Finally, Barclays decreased their price objective on American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $357.47.

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.