Oppenheimer Asset Management Inc. Purchases New Position in American Express Company $AXP

Oppenheimer Asset Management Inc. purchased a new stake in American Express Company (NYSE:AXP) during the second quarter, Holdings Channel reports. The firm purchased 15,377 shares of the payment services company’s stock, valued at approximately $5,201,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AXP. Keybank National Association OH raised its position in American Express by 3.0% in the 4th quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock worth $132,909,000 after purchasing an additional 10,495 shares during the last quarter. Swiss Life Asset Management Ltd boosted its position in American Express by 34.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock valued at $51,751,000 after buying an additional 35,533 shares during the last quarter. Peapack Gladstone Financial Corp boosted its position in American Express by 6.2% in the 4th quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock valued at $24,416,000 after buying an additional 3,855 shares during the last quarter. Thames Capital Management LLC increased its stake in shares of American Express by 189.6% in the 4th quarter. Thames Capital Management LLC now owns 80,463 shares of the payment services company’s stock valued at $29,767,000 after buying an additional 52,679 shares during the period. Finally, Blue Capital Inc. bought a new stake in shares of American Express during the fourth quarter worth $2,838,000. 84.33% of the stock is owned by institutional investors.

Key Headlines Impacting American Express

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

• Positive Sentiment: Expanded virtual-card capabilities: AXP is making American Express Virtual Cards available through its @ Work platform for U.S. corporate customers. The products offer adjustable spending limits, enhanced fraud protection and easier expense management, potentially increasing commercial-payment volumes and customer retention. American Express expands virtual cards for US commercial customers
• Positive Sentiment: Premium travel ecosystem strengthened: American Express added 350 luxury hotels across 116 countries to the Platinum Card travel program. More curated booking options could improve the value proposition of its premium cards, support spending and help justify annual fees. American Express adds 350 luxury hotels to Platinum Card travel program
• Positive Sentiment: Evidence of loyalty-driven spending: United Airlines’ results highlighted how American Express perks can help capture premium travel spending, even without a United co-branded card. The example supports AXP’s broader strategy of using travel benefits and partnerships to attract affluent customers. Popular legacy airline captures premium spend because of American Express perks
• Positive Sentiment: Constructive analyst outlook: Piper Sandler forecast meaningful appreciation potential for AXP shares, providing a positive signal following the company’s recent earnings beat and continued revenue growth. Piper Sandler Forecasts Strong Price Appreciation for American Express Stock
• Neutral Sentiment: Capital structure update: AXP issued Series E preferred shares and announced full redemption of Series D preferred shares. The move may improve funding flexibility, but it also adds preferred financing obligations and has limited direct impact on common-share earnings. American Express Issues New Series E Preferred Shares
• Neutral Sentiment: Mixed analyst sentiment: Coverage of AXP showed differing views, suggesting valuation and expectations remain areas of debate despite the company’s strong operating trends. Analysts Have Conflicting Sentiments on American Express

American Express Price Performance

American Express stock opened at $342.27 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $231.14 billion, a P/E ratio of 20.77, a PEG ratio of 1.38 and a beta of 1.04. The business has a 50-day moving average of $341.33 and a 200-day moving average of $327.58. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49.

American Express (NYSE:AXP) last announced its quarterly 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. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same period last year, the company posted $4.08 EPS. American Express’s revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts anticipate that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is currently 23.06%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AXP shares. Truist Financial upped their price target on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. BTIG Research cut their target price on shares of American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research report on Monday, July 27th. Benchmark initiated coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating on the stock. Finally, UBS Group lowered their price target on shares of American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. One research 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. According to MarketBeat.com, American Express 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.