Public Employees Retirement System of Ohio Sells 15,067 Shares of American Express Company $AXP

Public Employees Retirement System of Ohio cut its position in American Express Company (NYSE:AXP) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,897 shares of the payment services company’s stock after selling 15,067 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in American Express were worth $69,645,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Total Clarity Wealth Management Inc. grew its position in shares of American Express by 3.4% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock valued at $323,000 after acquiring an additional 29 shares during the period. Dover Advisors LLC lifted its stake in American Express by 0.4% in the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock valued at $2,951,000 after purchasing an additional 29 shares during the last quarter. Invenio Wealth Partners LLC lifted its stake in American Express by 3.9% in the 3rd quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock valued at $258,000 after purchasing an additional 29 shares during the last quarter. Strait & Sound Wealth Management LLC grew its holdings in American Express by 2.7% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company’s stock worth $421,000 after purchasing an additional 30 shares during the period. Finally, Onyx Bridge Wealth Group LLC increased its position in American Express by 3.6% during the first quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company’s stock worth $263,000 after buying an additional 30 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 analyst reports. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. Guggenheim assumed coverage on shares of American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Loop Capital began coverage on American Express in a report on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective for the company. Finally, Evercore set a $370.00 target price on American Express in a research report on Monday, July 27th. 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

American Express Stock Performance

Shares of NYSE:AXP opened at $334.03 on Friday. The company’s 50 day moving average price is $342.96 and its two-hundred day moving average price is $326.13. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The firm has a market cap of $225.57 billion, a PE ratio of 20.27, a PEG ratio of 1.36 and a beta of 1.04. 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 (NYSE:AXP) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The company had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts predict that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were given a $0.95 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s payout ratio is presently 23.06%.

American Express 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.