American Express Company $AXP Stock Holdings Lifted by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its holdings in shares of American Express Company (NYSE:AXP) by 14.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,576 shares of the payment services company’s stock after acquiring an additional 10,750 shares during the quarter. NEOS Investment Management LLC’s holdings in American Express were worth $29,623,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Flputnam Investment Management Co. bought a new stake in shares of American Express in the second quarter valued at about $12,879,000. Evolve Private Wealth LLC acquired a new stake in American Express in the second quarter valued at $5,172,000. Swiss Life Asset Management Ltd increased its position in American Express by 34.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock worth $51,751,000 after buying an additional 35,533 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in American Express in the 2nd quarter valued at $11,642,000. Finally, Peapack Gladstone Financial Corp lifted its stake in shares of American Express by 6.2% during the 4th quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock worth $24,416,000 after buying an additional 3,855 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Trading Down 1.1%

NYSE:AXP opened at $326.11 on Friday. The firm has a 50-day moving average price of $341.66 and a two-hundred day moving average price of $325.37. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The firm has a market cap of $220.23 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49.

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

Analyst Ratings Changes

Several research analysts have weighed in on AXP shares. Royal Bank Of Canada cut American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Barclays boosted their price target on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. TD Cowen raised their target price on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, BTIG Research dropped their price objective on shares of American Express from $324.00 to $315.00 and set a “sell” rating for the company in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, 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.