Formuepleje A S Purchases 2,611 Shares of American Express Company $AXP

Formuepleje A S lifted its position in shares of American Express Company (NYSE:AXP) by 12.3% during the second quarter, Holdings Channel.com reports. The firm owned 23,780 shares of the payment services company’s stock after buying an additional 2,611 shares during the quarter. American Express accounts for 0.6% of Formuepleje A S’s portfolio, making the stock its 26th biggest holding. Formuepleje A S’s holdings in American Express were worth $8,044,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AXP. Evolution Wealth Management Inc. increased its position in American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after buying an additional 66 shares during the period. Archer Investment Corp acquired a new position in shares of American Express in the second quarter valued at about $25,000. Sfam LLC acquired a new position in shares of American Express in the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express during the fourth quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in American Express in the 3rd quarter worth about $28,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AXP shares. Guggenheim assumed coverage on shares of American Express in a report on Monday, July 13th. They issued a “buy” rating for the company. Bank of America raised their price objective on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Barclays upped their target price on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. upgraded American Express from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Price Performance

American Express stock opened at $326.11 on Monday. 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 52 week low of $290.97 and a 52 week high of $387.49. The stock has a market capitalization of $220.23 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 1.39 and a beta of 1.05. The stock has a fifty day moving average of $341.66 and a 200-day moving average of $325.28.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping the consensus estimate of $4.41 by $0.12. The firm had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts expect that American Express Company will post 17.68 earnings per share for the current fiscal year.

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.