296,656 Shares in American Express Company $AXP Acquired by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec bought a new position in shares of American Express Company (NYSE:AXP) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 296,656 shares of the payment services company’s stock, valued at approximately $100,344,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. lifted its holdings in shares of American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management acquired a new stake in American Express in the fourth quarter valued at $26,000. Sfam LLC bought a new position in American Express during the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express during the 4th quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in American Express during the 3rd quarter worth about $28,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

AXP stock opened at $336.32 on Thursday. 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 firm has a market cap of $227.12 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.36 and a beta of 1.04. The company’s fifty day simple moving average is $343.05 and its 200 day simple moving average is $326.31. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49.

American Express (NYSE:AXP) last issued its quarterly earnings results 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 return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same period last year, the business posted $4.08 EPS. The business’s revenue 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 17.67 earnings per share for the current year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.1%. American Express’s dividend payout ratio (DPR) is currently 23.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Evercore set a $370.00 price target on American Express in a research report on Monday, July 27th. TD Cowen raised their price objective on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research report on Tuesday, July 7th. Truist Financial lifted their price objective on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Loop Capital started coverage on American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price on the stock. Finally, Piper Sandler increased their target price on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $373.32.

About American Express

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.