American Express Company $AXP Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its stake in shares of American Express Company (NYSE:AXP) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 237,297 shares of the payment services company’s stock after acquiring an additional 6,952 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in American Express were worth $80,266,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AXP. BlackRock Inc. bought a new position in shares of American Express during the second quarter valued at approximately $14,208,662,000. Norges Bank bought a new position in American Express during the 4th quarter worth $2,464,215,000. Corient Private Wealth LP acquired a new stake in American Express in the second quarter worth $253,945,000. Bank of New York Mellon Corp bought a new stake in American Express in the second quarter valued at $1,263,787,000. Finally, Legal & General Group Plc acquired a new position in shares of American Express during the second quarter valued at $1,138,054,000. 84.33% of the stock is owned by institutional investors.

American Express Price Performance

Shares of NYSE AXP opened at $323.98 on Wednesday. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $218.79 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.40 and a beta of 1.05. The firm has a 50-day moving average of $342.45 and a two-hundred day moving average of $325.51.

American Express (NYSE:AXP) last released its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS 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 $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the previous year, the firm earned $4.08 EPS. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts expect that American Express Company will post 17.68 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. American Express’s dividend payout ratio is currently 23.06%.

Wall Street Analysts Forecast Growth

AXP has been the topic of a number of analyst reports. Loop Capital started coverage on shares of American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Barclays increased their price objective on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Finally, Piper Sandler lifted their target price on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, American Express has an average rating of “Moderate Buy” and an average price target of $373.32.

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.