OMERS ADMINISTRATION Corp Invests $11.64 Million in American Express Company $AXP

OMERS ADMINISTRATION Corp purchased a new position in shares of American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 34,417 shares of the payment services company’s stock, valued at approximately $11,642,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Flputnam Investment Management Co. acquired a new stake in shares of American Express during the 2nd quarter worth about $12,879,000. Evolve Private Wealth LLC acquired a new position in shares of American Express in the second quarter valued at approximately $5,172,000. Keybank National Association OH lifted its stake in shares of American Express by 3.0% during the fourth quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock valued at $132,909,000 after buying an additional 10,495 shares during the period. Swiss Life Asset Management Ltd lifted its stake in shares of American Express by 34.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock valued at $51,751,000 after buying an additional 35,533 shares during the period. Finally, Peapack Gladstone Financial Corp boosted its position in American Express by 6.2% during the fourth quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock worth $24,416,000 after acquiring an additional 3,855 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

AXP has been the subject of several recent analyst reports. Evercore set a $370.00 target price on shares of American Express in a research note on Monday, July 27th. TD Cowen raised their price objective on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a report on Tuesday, July 7th. Guggenheim initiated coverage on American Express in a research report on Monday, July 13th. They issued a “buy” rating for the company. UBS Group dropped their target price 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. Finally, Barclays increased their target price 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. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, American Express currently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

American Express Price Performance

American Express stock opened at $337.38 on Tuesday. 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 firm has a market capitalization of $227.84 billion, a P/E ratio of 20.47, a PEG ratio of 1.36 and a beta of 1.04. The firm has a fifty day moving average of $343.23 and a 200-day moving average of $326.56. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.12. The firm had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) 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.