American Express Company $AXP Stake Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its holdings in shares of American Express Company (NYSE:AXP) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 221,677 shares of the payment services company’s stock after buying an additional 1,790 shares during the quarter. Nisa Investment Advisors LLC’s holdings in American Express were worth $67,412,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of American Express during the 2nd quarter worth approximately $14,208,662,000. State Street Corp raised its stake in American Express by 40.2% in the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after acquiring an additional 11,739,541 shares during the period. Bank of America Corp DE lifted its holdings in American Express by 8.4% during the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock valued at $2,695,702,000 after purchasing an additional 614,981 shares during the last quarter. Corient Private Wealth LP lifted its holdings in American Express by 492.2% during the 2nd quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company’s stock valued at $1,613,890,000 after purchasing an additional 3,965,582 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in American Express during the second quarter worth $1,263,787,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on AXP. Citigroup decreased their price objective on shares of American Express from $355.00 to $340.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Morgan Stanley cut their target price on shares of American Express from $382.00 to $380.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. JPMorgan Chase & Co. reduced their target price on shares of American Express from $400.00 to $360.00 and set an “overweight” rating for the company in a report on Monday, October 12th. The Goldman Sachs Group upped their price target on shares of American Express from $400.00 to $410.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Finally, BMO Capital Markets began coverage on shares of American Express in a research note on Thursday, October 8th. They issued an “outperform” rating and a $380.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, American Express has an average rating of “Moderate Buy” and a consensus target price of $365.63.

American Express Stock Performance

NYSE AXP opened at $318.20 on Wednesday. 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 company has a market capitalization of $214.89 billion, a P/E ratio of 19.20, a P/E/G ratio of 1.35 and a beta of 1.08. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The firm has a 50-day moving average price of $320.21 and a two-hundred day moving average price of $325.70.

American Express (NYSE:AXP) last announced its 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 net margin of 15.07% and a return on equity of 34.12%. The company had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same period last year, the firm earned $4.08 earnings per share. The business’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. Analysts anticipate that American Express Company will post 17.65 earnings per share for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio is currently 23.06%.

American Express Company Profile

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.