4,364 Shares in American Express Company $AXP Purchased by Old Mission Investment Co LLC

Old Mission Investment Co LLC bought a new position in shares of American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,364 shares of the payment services company’s stock, valued at approximately $1,476,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions 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 valued at $25,000 after acquiring an additional 66 shares in the last quarter. Sfam LLC bought a new stake in American Express during the fourth quarter worth about $26,000. Archer Investment Corp acquired a new stake in American Express during the second quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express in the 4th quarter valued at approximately $28,000. Finally, Wilkerson Advisory Group LLC bought a new stake in shares of American Express during the 4th quarter worth approximately $29,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AXP has been the topic of a number of recent analyst reports. TD Cowen lifted their price objective on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. UBS Group decreased their price target on American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Barclays raised their price objective on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. raised American Express from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $328.00 to $400.00 in a research note on Monday, July 13th. Finally, Jefferies Financial Group raised shares of American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, American Express currently has an average rating of “Moderate Buy” and a consensus price target of $373.32.

American Express Price Performance

Shares of AXP opened at $326.11 on Friday. 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 stock has a market cap of $220.23 billion, a PE ratio of 19.79, a PEG ratio of 1.40 and a beta of 1.05. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The business has a 50-day simple moving average of $341.66 and a two-hundred day simple moving average of $325.37.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share 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 company had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same period in the previous year, the business posted $4.08 earnings per share. 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. Analysts anticipate that American Express Company will post 17.68 earnings per share for the current fiscal year.

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.