307,858 Shares in American Express Company $AXP Purchased by Junto Capital Management LP

Junto Capital Management LP acquired a new position in American Express Company (NYSE:AXP) in the second quarter, Holdings Channel reports. The fund acquired 307,858 shares of the payment services company’s stock, valued at approximately $104,133,000. American Express accounts for approximately 1.8% of Junto Capital Management LP’s holdings, making the stock its 18th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in shares of American Express by 32,491.3% in the 2nd quarter. California State Teachers Retirement System now owns 269,392,448 shares of the payment services company’s stock worth $91,121,996,000 after buying an additional 268,565,871 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of American Express during the second quarter valued at approximately $14,208,662,000. Norges Bank bought a new stake in American Express during the fourth quarter worth $2,464,215,000. Corient Private Wealth LP bought a new stake in American Express during the second quarter worth $253,945,000. Finally, Bank of New York Mellon Corp purchased a new position in American Express in the second quarter worth $1,263,787,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

NYSE:AXP opened at $321.94 on Thursday. The company has a market capitalization of $217.41 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.39 and a beta of 1.05. The business has a fifty day simple moving average of $340.61 and a two-hundred day simple moving average of $324.87. 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 1 year low of $290.97 and a 1 year high of $387.49.

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, beating analysts’ consensus estimates of $4.41 by $0.12. The firm had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts expect that American Express Company will post 17.68 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on AXP shares. JPMorgan Chase & Co. upgraded American Express from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $328.00 to $400.00 in a research note on Monday, July 13th. Piper Sandler lifted their target price on American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a report on Thursday, June 18th. BTIG Research reduced their price target on shares of American Express from $324.00 to $315.00 and set a “sell” rating for the company in a research report on Monday, July 27th. Finally, Truist Financial lifted their price objective on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat, American Express has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Company 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.