Nykredit A S Invests $59.05 Million in American Express Company $AXP

Nykredit A S bought a new stake in American Express Company (NYSE:AXP) during the second quarter, Holdings Channel.com reports. The fund bought 174,573 shares of the payment services company’s stock, valued at approximately $59,049,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of American Express in the second quarter valued at approximately $14,208,662,000. Norges Bank purchased a new stake in shares of American Express in the fourth quarter valued at about $2,464,215,000. Corient Private Wealth LP acquired a new stake in shares of American Express during the second quarter worth about $253,945,000. Bank of New York Mellon Corp acquired a new stake in shares of American Express during the second quarter worth about $1,263,787,000. Finally, Legal & General Group Plc purchased a new position in shares of American Express during the second quarter worth about $1,138,054,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AXP shares. BTIG Research cut their price objective 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. Evercore set a $370.00 price objective on American Express in a report on Monday, July 27th. Bank of America boosted their target price on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Morgan Stanley cut their target price on American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a research note on Monday, July 27th. Finally, Barclays boosted their target price on shares of 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 research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, American Express presently has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.

American Express Trading Up 0.1%

Shares of AXP stock opened at $311.39 on Friday. The stock has a market cap of $210.28 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.32 and a beta of 1.05. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The business has a fifty day simple moving average of $336.43 and a 200-day simple moving average of $324.52.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share 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 business had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same period last year, the company posted $4.08 EPS. The company’s revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts forecast that American Express Company will post 17.68 earnings per share for the current fiscal year.

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.