OVERSEA CHINESE BANKING Corp Ltd Invests $711,000 in American Express Company $AXP

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in American Express Company (NYSE:AXP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,095 shares of the payment services company’s stock, valued at approximately $711,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in American Express during the 2nd quarter worth approximately $14,208,662,000. State Street Corp boosted its position in American Express by 1.3% in the fourth quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock valued at $10,900,528,000 after buying an additional 369,967 shares in the last quarter. Fisher Asset Management LLC boosted its position in American Express by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock valued at $3,338,238,000 after buying an additional 141,936 shares in the last quarter. Bank of America Corp DE grew its stake in shares of American Express by 7.7% during the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock worth $2,904,218,000 after buying an additional 558,533 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of American Express by 46.7% during the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after buying an additional 2,393,340 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

AXP has been the subject of a number of research reports. UBS Group dropped their price target on American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Barclays boosted their price objective on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Guggenheim began coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating for the company. Piper Sandler increased their target price on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, The Goldman Sachs Group lifted their price target on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Price Performance

AXP stock opened at $336.00 on Friday. The company has a fifty day moving average price of $343.19 and a 200-day moving average price of $326.83. The company has a market capitalization of $226.90 billion, a P/E ratio of 20.39, a PEG ratio of 1.34 and a beta of 1.04. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. 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 issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts’ consensus estimates 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 $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same quarter in the previous year, the business earned $4.08 earnings per share. American Express’s 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. As a group, equities analysts expect that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued 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 yield of 1.1%. American Express’s payout ratio is presently 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.