Mirae Asset Global Investments Co. Ltd. Purchases 162,503 Shares of American Express Company $AXP

Mirae Asset Global Investments Co. Ltd. purchased a new position in American Express Company (NYSE:AXP) during the 3rd quarter, Holdings Channel reports. The firm purchased 162,503 shares of the payment services company’s stock, valued at approximately $49,417,000.

A number of other large investors have also made changes to their positions in AXP. BlackRock Inc. acquired a new stake in American Express during the second quarter worth about $14,208,662,000. State Street Corp boosted its stake in American Express by 40.2% in the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after buying an additional 11,739,541 shares in the last quarter. Corient Private Wealth LP acquired a new stake in shares of American Express during the second quarter worth approximately $253,945,000. Bank of New York Mellon Corp acquired a new stake in American Express during the 2nd quarter valued at $1,263,787,000. Finally, Legal & General Group Plc bought a new position in shares of American Express in the second quarter valued at about $1,138,054,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

More American Express News

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express introduced a new redemption option allowing eligible consumer and business cash-back cardmembers to deposit Reward Dollars into American Express High Yield Savings Accounts and Business Checking Accounts. The feature could improve customer retention, deepen relationships across the company’s card and banking products, and support deposit growth. American Express Connects Cash Back to High Yield Savings Accounts and Business Checking Accounts
• Positive Sentiment: The launch of Canada’s first Hilton Honors American Express co-branded card expands the company’s international partnership with Hilton and could generate additional spending, fees, and customer acquisition. American Express and Hilton Launch Canada’s First Hilton Honors Credit Card
• Positive Sentiment: American Express benefited from positive payments-sector sentiment after Mastercard reported better-than-expected revenue and earnings, although the effect may be temporary. Mastercard Rises on Revenue and EPS Beat
• Neutral Sentiment: American Express issued $1.5 billion of fixed-to-floating-rate notes carrying a 5.447% rate. The financing provides capital, but increases interest expense and leverage exposure. American Express Issues New Fixed-to-Floating Rate Notes
• Neutral Sentiment: Analyst coverage remains mixed. Commentary favors Mastercard for faster growth, more diversified revenue, and lower credit risk, while other coverage highlights AXP’s strong profitability, revenue growth, share repurchases, and Berkshire Hathaway’s sizable stake.
• Negative Sentiment: A U.S. Bank risk executive is reportedly moving to American Express as the company deals with regulatory penalties related to anti-money-laundering compliance failures. The leadership addition may strengthen risk controls, but the penalties and compliance scrutiny create reputational and cost risks. U.S. Bank Risk Chief Heads to Amex
• Negative Sentiment: Relative-value analysis argues that Mastercard currently offers better growth prospects and lower credit risk than American Express, potentially limiting investor enthusiasm for AXP despite its lower valuation.

American Express Stock Performance

Shares of AXP opened at $319.03 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.58 and a current ratio of 1.58. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The firm’s 50 day moving average price is $317.18 and its two-hundred day moving average price is $326.44. The firm has a market cap of $213.93 billion, a P/E ratio of 17.96, a PEG ratio of 1.35 and a beta of 1.09.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, beating the consensus estimate of $4.50 by $0.18. American Express had a net margin of 15.80% and a return on equity of 34.19%. The company had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $20.12 billion. During the same quarter in the prior year, the company earned $4.14 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, analysts forecast that American Express Company will post 17.88 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be issued a dividend of $0.95 per share. The ex-dividend date is Friday, October 9th. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s dividend payout ratio is presently 21.40%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Bank of America lifted their target price on American Express from $387.00 to $391.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Evercore set a $330.00 price objective on shares of American Express in a report on Tuesday, October 27th. Truist Financial reduced their price objective on shares of American Express from $375.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, October 26th. Finally, BTIG Research lowered their target price on shares of American Express from $315.00 to $230.00 and set a “sell” rating for the company in a report on Monday, September 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, American Express presently has an average rating of “Moderate Buy” and an average price target of $365.19.

About American Express

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.