Osmosis Investment Management UK Ltd Makes New $6.18 Million Investment in American Express Company $AXP

Osmosis Investment Management UK Ltd bought a new stake in shares of American Express Company (NYSE:AXP) during the 2nd quarter, HoldingsChannel reports. The firm bought 18,262 shares of the payment services company’s stock, valued at approximately $6,177,000.

A number of other large investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of American Express during the second quarter worth approximately $14,208,662,000. State Street Corp lifted its position in American Express by 1.3% in the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock worth $10,900,528,000 after buying an additional 369,967 shares in the last quarter. Fisher Asset Management LLC lifted its position in American Express by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock worth $3,338,238,000 after buying an additional 141,936 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of American Express by 7.7% during the 4th quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock valued at $2,904,218,000 after buying an additional 558,533 shares during the period. Finally, Capital World Investors grew its holdings in shares of American Express by 46.7% during the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after acquiring an additional 2,393,340 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

Shares of NYSE:AXP opened at $336.00 on Monday. The stock has a market capitalization of $226.90 billion, a PE ratio of 20.39, a P/E/G ratio of 1.36 and a beta of 1.04. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The firm has a fifty day moving average price of $343.19 and a 200 day moving average price of $326.65. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last posted 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. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the prior year, the business posted $4.08 earnings per share. The business’s quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts expect that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Morgan Stanley dropped 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. Truist Financial boosted their target price on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Benchmark began coverage on American Express in a research report on Monday, July 13th. They issued a “buy” rating on the stock. Loop Capital initiated coverage on American Express in a research note on Thursday, May 21st. They set a “buy” rating and a $389.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded American Express from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $328.00 to $400.00 in a report on Monday, July 13th. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $373.32.

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.