American Express Company $AXP Position Boosted by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in American Express Company (NYSE:AXP) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,000,556 shares of the payment services company’s stock after purchasing an additional 33,022 shares during the period. California Public Employees Retirement System owned about 0.15% of American Express worth $332,345,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in American Express by 1.3% during the second quarter. Vanguard Group Inc. now owns 46,425,262 shares of the payment services company’s stock worth $14,808,730,000 after buying an additional 581,369 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of American Express by 1.7% in the third quarter. Fisher Asset Management LLC now owns 8,881,546 shares of the payment services company’s stock valued at $2,950,095,000 after buying an additional 146,586 shares in the last quarter. Norges Bank bought a new position in shares of American Express in the second quarter valued at $1,897,335,000. Capital World Investors lifted its position in shares of American Express by 0.5% during the 3rd quarter. Capital World Investors now owns 5,122,335 shares of the payment services company’s stock valued at $1,701,435,000 after acquiring an additional 24,297 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of American Express by 3.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,620,873 shares of the payment services company’s stock worth $1,473,966,000 after acquiring an additional 133,439 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Performance

Shares of AXP stock opened at $300.16 on Friday. The company has a market capitalization of $206.09 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 1.27 and a beta of 1.14. American Express Company has a 1-year low of $220.43 and a 1-year high of $387.49. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 1.68. The stock’s fifty day simple moving average is $344.01 and its 200-day simple moving average is $348.94.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by ($0.01). American Express had a return on equity of 33.49% and a net margin of 15.00%.The business had revenue of ($17,139.00) million during the quarter, compared to analysts’ expectations of $18.91 billion. During the same period in the prior year, the company posted $3.04 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be issued a dividend of $0.95 per share. This is an increase from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, April 2nd. American Express’s dividend payout ratio is 24.69%.

Insider Activity at American Express

In other American Express news, insider Ravikumar Radhakrishnan sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $356.58, for a total value of $5,348,700.00. Following the transaction, the insider owned 8,945 shares in the company, valued at approximately $3,189,608.10. This represents a 62.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anna Marrs sold 27,425 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $350.01, for a total transaction of $9,599,024.25. Following the completion of the sale, the insider owned 20,394 shares of the company’s stock, valued at approximately $7,138,103.94. The trade was a 57.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 73,944 shares of company stock valued at $26,114,366. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AXP. TD Cowen restated a “hold” rating on shares of American Express in a report on Thursday, January 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $425.00 price target on shares of American Express in a research note on Monday, January 12th. Barclays boosted their price objective on American Express from $355.00 to $367.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Weiss Ratings upgraded shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Finally, Wells Fargo & Company lifted their target price on shares of American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $356.90.

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.