The Manufacturers Life Insurance Company Has $145.72 Million Stock Position in American Express Company $AXP

The Manufacturers Life Insurance Company lifted its position in shares of American Express Company (NYSE:AXP) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 430,789 shares of the payment services company’s stock after acquiring an additional 10,134 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in American Express were worth $145,715,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Evolution Wealth Management Inc. increased its position in American Express by 6,600.0% in the fourth 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. Archer Investment Corp acquired a new position in American Express during the 2nd quarter valued at about $25,000. Sfam LLC bought a new position in shares of American Express in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express during the 4th quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of American Express during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Up 1.2%

American Express stock opened at $324.64 on Friday. The firm has a market capitalization of $219.23 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.36 and a beta of 1.05. The company’s 50 day simple moving average is $339.45 and its 200 day simple moving average is $324.69. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49.

American Express (NYSE:AXP) last posted its 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. The company had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts anticipate that American Express Company will post 17.68 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AXP shares. Evercore set a $370.00 price objective on shares of American Express in a report on Monday, July 27th. HSBC lifted their target price on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Piper Sandler upped their target price on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. TD Cowen increased their price target on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. Finally, Jefferies Financial Group upgraded American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat, American Express has an average rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Profile

American Express Company is a global payments and financial services company that provides payment products, services and experiences to consumers, businesses and institutions. Its offerings include credit and charge cards, consumer and commercial payment solutions, business financing, deposit products and expense-management tools.

The company also operates a global payments network connecting cardmembers, merchants and financial institutions. Through its merchant services business, American Express supports payment acceptance and provides data-driven marketing and customer-engagement solutions.