American Express Company $AXP Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System raised its holdings in American Express Company (NYSE:AXP) by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 447,253 shares of the payment services company’s stock after purchasing an additional 8,887 shares during the period. New York State Teachers Retirement System’s holdings in American Express were worth $135,285,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AXP. Brighton Jones LLC raised its position in American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after acquiring an additional 1,273 shares during the period. Sivia Capital Partners LLC boosted its stake 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 during the last quarter. Schnieders Capital Management LLC. acquired a new stake in American Express during the 2nd quarter worth $428,000. Howland Capital Management LLC grew its holdings in shares of American Express by 4.2% during the second quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock worth $707,000 after buying an additional 90 shares in the last quarter. Finally, HUB Investment Partners LLC grew its holdings in shares of American Express by 19.9% during the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock worth $924,000 after buying an additional 481 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXP has been the topic of several research reports. Wells Fargo & Company decreased their price target on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Morgan Stanley cut their price objective on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. 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 research note on Thursday, June 18th. Piper Sandler initiated coverage on American Express in a report on Monday. They set an “overweight” rating and a $396.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their price target on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $366.95.

American Express Stock Up 1.1%

NYSE AXP opened at $351.66 on Friday. The business’s fifty day simple moving average is $322.13 and its 200-day simple moving average is $333.14. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The firm has a market cap of $239.95 billion, a PE ratio of 21.94, a P/E/G ratio of 1.43 and a beta of 1.04. American Express Company has a 52 week low of $288.34 and a 52 week high of $387.49.

American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $18.60 billion. During the same quarter in the prior year, the firm posted $3.64 earnings per share. American Express’s quarterly revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts anticipate that American Express Company will post 17.65 earnings per share for the current year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s payout ratio is presently 23.71%.

American Express News Roundup

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

• Positive Sentiment: Piper Sandler upgraded American Express (AXP) from neutral to strong-buy, signaling growing analyst confidence in the company’s outlook.
• Positive Sentiment: American Express and Apple Pay launched a “Use Pay with Points” feature, letting card members redeem Membership Rewards points at checkout, which could strengthen customer engagement and boost card usage.
• Positive Sentiment: American Express, Resy, and the National Restaurant Association Educational Foundation launched Restaurant Academy, a new program that supports restaurant operators and reinforces AXP’s merchant relationships.
• Positive Sentiment: Several recent articles highlighted American Express as an undervalued Dow stock and a long-term Buffett holding, reinforcing the view that the stock still has room to run.
• Neutral Sentiment: Wall Street expects American Express to report second-quarter EPS growth in the single digits, suggesting steady but not explosive earnings momentum ahead of the upcoming results.
• Neutral Sentiment: BTIG raised its price target on AXP to $324 from $285, but kept a Sell rating, showing that even some higher target revisions are coming with caution.
• Negative Sentiment: A 247WallSt comparison piece argued Mastercard’s network-fee model offers lower risk and better margin insulation than American Express’s credit-card business, highlighting a potential structural concern for AXP.

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.