Commerzbank Aktiengesellschaft FI Makes New $5.89 Million Investment in American Express Company $AXP

Commerzbank Aktiengesellschaft FI purchased a new stake in American Express Company (NYSE:AXP) during the second quarter, HoldingsChannel.com reports. The fund purchased 17,428 shares of the payment services company’s stock, valued at approximately $5,895,000.

Other institutional investors have also made changes to their positions in the company. Evolution Wealth Management Inc. lifted its holdings in shares of American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after acquiring an additional 66 shares during the period. Joseph Group Capital Management acquired a new position in shares of American Express in the 4th quarter worth approximately $26,000. Sfam LLC acquired a new position in American Express in the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express during the 4th quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of American Express during the third quarter worth approximately $28,000. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Performance

Shares of NYSE:AXP opened at $336.50 on Tuesday. The company’s 50 day moving average price is $341.81 and its two-hundred day moving average price is $327.17. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The firm has a market cap of $227.24 billion, a PE ratio of 20.42, a PEG ratio of 1.38 and a beta of 1.04.

American Express (NYSE:AXP) last released its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same period last year, the firm earned $4.08 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts predict that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Bank of America boosted 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. Barclays upped their price target on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Truist Financial upped their price objective on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Finally, Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, American Express presently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

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.