PensionDanmark Pensionsforsikringsaktieselskab Boosts Stake in American Express Company $AXP

PensionDanmark Pensionsforsikringsaktieselskab raised its stake in shares of American Express Company (NYSE:AXP) by 10.8% during the 2nd quarter, Holdings Channel reports. The fund owned 106,801 shares of the payment services company’s stock after purchasing an additional 10,446 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in American Express were worth $36,125,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in AXP. Gilliland Jeter Wealth Management LLC lifted its stake in shares of American Express by 4.8% during the 4th quarter. Gilliland Jeter Wealth Management LLC now owns 633 shares of the payment services company’s stock worth $234,000 after purchasing an additional 29 shares during the last quarter. Cornerstone Advisory LLC grew its stake in American Express by 2.9% in the fourth quarter. Cornerstone Advisory LLC now owns 1,017 shares of the payment services company’s stock valued at $376,000 after purchasing an additional 29 shares during the last quarter. Total Clarity Wealth Management Inc. raised its holdings in American Express by 3.4% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock worth $323,000 after purchasing an additional 29 shares in the last quarter. Dover Advisors LLC raised its holdings in American Express by 0.4% in the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock worth $2,951,000 after purchasing an additional 29 shares in the last quarter. Finally, Invenio Wealth Partners LLC raised its holdings in American Express by 3.9% in the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock worth $258,000 after purchasing an additional 29 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of recent analyst reports. Guggenheim assumed coverage on shares of American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. Morgan Stanley decreased their target price on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th. UBS Group lowered their target price on shares of American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research note on Monday. HSBC lifted their price target on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Finally, Royal Bank Of Canada downgraded American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $372.84.

American Express Price Performance

Shares of NYSE AXP opened at $342.86 on Friday. American Express Company has a fifty-two week low of $290.63 and a fifty-two week high of $387.49. The company has a market cap of $231.54 billion, a PE ratio of 20.80, a P/E/G ratio of 1.41 and a beta of 1.04. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The business has a 50-day simple moving average of $337.63 and a two-hundred day simple moving average of $328.17.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.12. The firm had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts expect that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

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 given 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 payout ratio is currently 23.06%.

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.