Czech National Bank Has $51.24 Million Holdings in American Express Company $AXP

Czech National Bank grew its holdings in American Express Company (NYSE:AXP) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 151,489 shares of the payment services company’s stock after purchasing an additional 5,632 shares during the quarter. Czech National Bank’s holdings in American Express were worth $51,241,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Evolution Wealth Management Inc. lifted its holdings 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 buying an additional 66 shares during the period. Joseph Group Capital Management acquired a new stake in American Express during the 4th quarter worth $26,000. Sfam LLC bought a new stake in shares of American Express during the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express in the 4th quarter valued at $28,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of American Express in the 4th quarter valued at $29,000. 84.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AXP has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Guggenheim started coverage on American Express in a research note on Monday, July 13th. They issued a “buy” rating on the stock. Royal Bank Of Canada cut American Express from a “moderate buy” rating to a “hold” rating in a report on Monday, July 13th. JPMorgan Chase & Co. upgraded American Express from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. Finally, TD Cowen lifted their price objective on shares of American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $372.84.

American Express Stock Performance

Shares of American Express stock opened at $342.86 on Friday. The stock’s fifty day simple moving average is $337.63 and its 200 day simple moving average is $328.17. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $231.54 billion, a PE ratio of 20.80, a PEG ratio of 1.41 and a beta of 1.04. American Express Company has a 12 month low of $290.63 and a 12 month high of $387.49.

American Express (NYSE:AXP) last posted 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 return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same period in the previous year, the firm earned $4.08 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, research analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders 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 is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is 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.