Jupiter Topco LLC Acquires New Shares in American Express Company $AXP

Jupiter Topco LLC bought a new stake in shares of American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,382,750 shares of the payment services company’s stock, valued at approximately $805,966,000.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC grew its position in shares of American Express by 24.4% in the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after purchasing an additional 1,273 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in American Express by 13.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after purchasing an additional 200 shares in the last quarter. Schnieders Capital Management LLC. bought a new position in American Express in the 2nd quarter worth about $428,000. Howland Capital Management LLC boosted its stake in American Express by 4.2% in the 2nd quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock worth $707,000 after purchasing an additional 90 shares during the period. Finally, HUB Investment Partners LLC grew its holdings in American Express by 19.9% during the 2nd quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock valued at $924,000 after buying an additional 481 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AXP. Bank of America increased their price target on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Piper Sandler boosted their price objective on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a report on Thursday, June 18th. Benchmark assumed coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating on the stock. Finally, Loop Capital began coverage on shares of American Express in a research report on Thursday, May 21st. They set a “buy” rating and a $389.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Trading Down 0.4%

AXP stock opened at $336.14 on Wednesday. The company has a market capitalization of $227.00 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.37 and a beta of 1.04. 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 one year low of $290.97 and a one year high of $387.49. The company’s 50 day moving average price is $343.13 and its two-hundred day moving average price is $326.44.

American Express (NYSE:AXP) last announced its quarterly earnings data 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 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 quarter in the prior year, the company earned $4.08 EPS. The firm’s 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. As a group, analysts predict that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

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