647,397 Shares in American Express Company $AXP Acquired by Korea Investment CORP

Korea Investment CORP bought a new position in shares of American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 647,397 shares of the payment services company’s stock, valued at approximately $218,982,000.

Other hedge funds have also modified their holdings of the company. Flputnam Investment Management Co. purchased a new stake in shares of American Express in the 2nd quarter valued at approximately $12,879,000. Keybank National Association OH boosted its position in shares of American Express by 3.0% during the 4th quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock worth $132,909,000 after purchasing an additional 10,495 shares during the period. Swiss Life Asset Management Ltd increased its holdings in American Express by 34.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock valued at $51,751,000 after purchasing an additional 35,533 shares during the last quarter. Peapack Gladstone Financial Corp raised its position in American Express by 6.2% in the fourth quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock valued at $24,416,000 after purchasing an additional 3,855 shares during the period. Finally, Thames Capital Management LLC raised its position in American Express by 189.6% in the fourth quarter. Thames Capital Management LLC now owns 80,463 shares of the payment services company’s stock valued at $29,767,000 after purchasing an additional 52,679 shares during the period. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of recent research reports. DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a research note on Thursday, June 18th. Loop Capital started coverage on American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target on the stock. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. Finally, Evercore set a $370.00 price objective on shares of American Express in a research report on Monday, July 27th. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Stock Performance

Shares of AXP stock opened at $336.00 on Friday. The stock’s 50-day moving average is $343.19 and its two-hundred day moving average is $326.83. 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 1 year low of $290.97 and a 1 year high of $387.49. The firm has a market cap of $226.90 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.34 and a beta of 1.04.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.12. The business 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 period in the previous year, the business earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts predict that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were paid a $0.95 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express’s payout ratio is currently 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.