Nykredit A S Makes New Investment in American Express Company $AXP

Nykredit A S acquired a new stake in shares of American Express Company (NYSE:AXP) in the second quarter, HoldingsChannel.com reports. The fund acquired 190,226 shares of the payment services company’s stock, valued at approximately $64,344,000.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in American Express during the second quarter valued at $14,208,662,000. State Street Corp increased its holdings 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 valued at $10,900,528,000 after acquiring an additional 369,967 shares during the last quarter. Fisher Asset Management LLC lifted its stake 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 purchasing an additional 141,936 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of American Express by 8.4% during the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock valued at $2,695,702,000 after purchasing an additional 614,981 shares during the last quarter. Finally, Capital World Investors boosted 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 purchasing an additional 2,393,340 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Up 1.8%

Shares of AXP stock opened at $330.17 on Thursday. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The stock’s 50 day simple moving average is $342.20 and its two-hundred day simple moving average is $325.42. The company has a market cap of $222.97 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.38 and a beta of 1.05.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. The firm had revenue of $19.64 billion during the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts predict that American Express Company will post 17.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AXP shares. JPMorgan Chase & Co. raised American Express from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $328.00 to $400.00 in a report on Monday, July 13th. TD Cowen increased their price target on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada cut American Express from a “moderate buy” rating to a “hold” rating in a report on Monday, July 13th. Bank of America lifted their price objective on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, Truist Financial upped their price objective on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $373.32.

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.