Bullseye Investment Management LLC Takes Position in American Express Company $AXP

Bullseye Investment Management LLC purchased a new position in shares of American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,373 shares of the payment services company’s stock, valued at approximately $1,141,000. American Express accounts for approximately 0.6% of Bullseye Investment Management LLC’s portfolio, making the stock its 27th biggest holding.

Several other large investors also recently added to or reduced their stakes in AXP. California State Teachers Retirement System lifted its holdings in American Express by 32,491.3% during the second quarter. California State Teachers Retirement System now owns 269,392,448 shares of the payment services company’s stock valued at $91,121,996,000 after purchasing an additional 268,565,871 shares during the last quarter. BlackRock Inc. purchased a new position in shares of American Express in the second quarter worth about $14,208,662,000. Norges Bank purchased a new position in shares of American Express in the fourth quarter worth about $2,464,215,000. Corient Private Wealth LP bought a new stake in shares of American Express in the second quarter valued at approximately $253,945,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of American Express during the 2nd quarter valued at approximately $1,263,787,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AXP shares. TD Cowen raised their price objective on shares of American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a report on Tuesday, July 7th. Benchmark started coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. HSBC raised their price target on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Royal Bank Of Canada cut American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, DZ Bank upgraded American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Price Performance

NYSE:AXP traded up $3.93 during mid-day trading on Friday, hitting $324.64. 1,929,270 shares of the stock traded hands, compared to its average volume of 3,209,303. The business’s 50-day moving average price is $339.99 and its 200 day moving average price is $324.69. 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 company has a market cap of $219.23 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.37 and a beta of 1.05. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49.

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

About American Express

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.