PFA Pension Forsikringsaktieselskab Makes New Investment in American Express Company $AXP

PFA Pension Forsikringsaktieselskab acquired a new position in shares of American Express Company (NYSE:AXP) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 446,846 shares of the payment services company’s stock, valued at approximately $166,848,000.

A number of other hedge funds have also recently modified their holdings of the business. Fisher Asset Management LLC grew its stake in shares of American Express by 1.7% during 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 during the last quarter. Capital World Investors grew its stake in shares of American Express by 0.5% during the third quarter. Capital World Investors now owns 5,122,335 shares of the payment services company’s stock valued at $1,701,435,000 after buying an additional 24,297 shares during the last quarter. Capital Research Global Investors grew its stake in shares of American Express by 0.7% during the third quarter. Capital Research Global Investors now owns 4,452,660 shares of the payment services company’s stock valued at $1,479,019,000 after buying an additional 29,331 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of American Express by 27.0% during the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock valued at $1,310,515,000 after buying an additional 845,283 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of American Express by 2.4% during the third quarter. Legal & General Group Plc now owns 3,483,876 shares of the payment services company’s stock valued at $1,157,204,000 after buying an additional 83,189 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Stock Down 1.0%

Shares of NYSE:AXP opened at $319.74 on Friday. American Express Company has a 52-week low of $273.10 and a 52-week high of $387.49. The stock has a market cap of $218.17 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 1.31 and a beta of 1.08. The business’s 50 day moving average is $311.71 and its 200 day moving average is $344.13. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73.

American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The company had revenue of $14.22 billion for the quarter, compared to analysts’ expectations of $18.60 billion. During the same quarter in the prior year, the firm earned $3.64 earnings per share. American Express’s revenue was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts predict that American Express Company will post 17.59 EPS for the current year.

American Express Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.2%. This is an increase from American Express’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, April 2nd. American Express’s payout ratio is currently 23.71%.

Analysts Set New Price Targets

AXP has been the topic of a number of analyst reports. UBS Group reaffirmed a “neutral” rating and set a $395.00 target price on shares of American Express in a research note on Wednesday, February 4th. Evercore set a $345.00 target price on American Express in a research note on Wednesday. Credit Suisse Group set a $328.00 target price on American Express in a research note on Monday, January 12th. Truist Financial cut their target price on American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Finally, Royal Bank Of Canada set a $415.00 target price on American Express in a research note on Friday, April 10th. Eight investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, American Express presently has an average rating of “Hold” and an average price target of $357.47.

Insider Transactions at American Express

In related news, 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 value of $9,599,024.25. Following the transaction, the insider owned 20,394 shares of the company’s stock, valued at $7,138,103.94. This represents a 57.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Howard Grosfield sold 8,134 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $346.73, for a total value of $2,820,301.82. Following the completion of the transaction, the insider directly owned 9,433 shares in the company, valued at approximately $3,270,704.09. This trade represents a 46.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 73,944 shares of company stock worth $26,114,366 in the last ninety days. 0.14% of the stock is owned by company insiders.

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.