MASTERINVEST Kapitalanlage GmbH Grows Position in American Express Company $AXP

MASTERINVEST Kapitalanlage GmbH raised its position in American Express Company (NYSE:AXP) by 11.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,894 shares of the payment services company’s stock after purchasing an additional 1,569 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in American Express were worth $5,376,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AXP. Proficio Capital Partners LLC raised its holdings in shares of American Express by 156.7% in the second quarter. Proficio Capital Partners LLC now owns 3,532 shares of the payment services company’s stock worth $1,195,000 after buying an additional 2,156 shares during the period. Pure Financial Advisors LLC boosted its holdings in American Express by 8.6% during the 2nd quarter. Pure Financial Advisors LLC now owns 4,175 shares of the payment services company’s stock valued at $1,412,000 after acquiring an additional 329 shares during the period. Corient Private Wealth LP bought a new position in American Express in the 2nd quarter valued at $253,945,000. Permanens Capital L.P. bought a new position in American Express in the 2nd quarter valued at $206,000. Finally, Pinnacle Family Advisors LLC purchased a new stake in American Express in the second quarter worth $203,000. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AXP. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a research note on Thursday, June 18th. Morgan Stanley reduced their price target on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a research note on Monday, July 27th. JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $328.00 to $400.00 in a report on Monday, July 13th. Truist Financial upped their target price on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Evercore set a $370.00 target price on shares of American Express in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $373.32.

American Express Stock Down 0.6%

NYSE:AXP opened at $334.03 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The company has a 50-day moving average of $342.96 and a 200 day moving average of $326.13. The firm has a market cap of $225.57 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04.

American Express (NYSE:AXP) last announced its quarterly 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 business had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same period last year, the business posted $4.08 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, research analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is presently 23.06%.

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.