Meiji Yasuda Asset Management Co Ltd. Invests $10.08 Million in American Express Company $AXP

Meiji Yasuda Asset Management Co Ltd. bought a new position in American Express Company (NYSE:AXP) in the second quarter, HoldingsChannel reports. The institutional investor bought 29,791 shares of the payment services company’s stock, valued at approximately $10,077,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AXP. Evolution Wealth Management Inc. raised its holdings in American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management bought a new position in shares of American Express during the fourth quarter worth $26,000. Sfam LLC bought a new position in American Express during the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of American Express in the fourth quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of American Express in the 3rd quarter worth about $28,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the topic of a number of recent analyst reports. Royal Bank Of Canada lowered shares of American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Morgan Stanley reduced their price objective on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a research note on Monday, July 27th. Barclays increased their price objective on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

American Express Stock Performance

Shares of American Express stock opened at $336.00 on Monday. The firm has a market capitalization of $226.90 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.36 and a beta of 1.04. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The stock has a 50 day moving average of $343.19 and a 200 day moving average of $326.65. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business had revenue of $19.64 billion during the quarter, compared to analyst estimates of $19.70 billion. During the same period last year, the business posted $4.08 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, 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. Shareholders of record on Thursday, July 2nd were paid a $0.95 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s payout ratio is 23.06%.

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.