OVERSEA CHINESE BANKING Corp Ltd Purchases New Stake in American Express Company $AXP

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,095 shares of the payment services company’s stock, valued at approximately $711,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. boosted its holdings in shares of 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. Joseph Group Capital Management bought a new position in American Express during the 4th quarter worth $26,000. Sfam LLC acquired a new stake in shares of American Express during the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express during the fourth quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of American Express in the third quarter valued at about $28,000. 84.33% of the stock is owned by institutional investors.

American Express Price Performance

AXP stock opened at $336.00 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The firm has a market cap of $226.90 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.34 and a beta of 1.04. The company’s 50-day moving average price is $343.19 and its two-hundred day moving average price is $326.83.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company had revenue of $19.64 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same period in the previous year, the company earned $4.08 EPS. The business’s revenue for the quarter 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. On average, analysts anticipate that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is currently 23.06%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Benchmark began coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating on the stock. The Goldman Sachs Group boosted their price objective on shares of American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Bank of America increased their target price on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Barclays raised their target price on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Finally, Loop Capital assumed coverage on shares of American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, American Express currently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

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.