New Mexico Educational Retirement Board Purchases 1,900 Shares of American Express Company $AXP

New Mexico Educational Retirement Board lifted its position in American Express Company (NYSE:AXP) by 7.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,663 shares of the payment services company’s stock after buying an additional 1,900 shares during the period. New Mexico Educational Retirement Board’s holdings in American Express were worth $9,019,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. boosted its position 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 valued at $25,000 after buying an additional 66 shares during the last quarter. Archer Investment Corp bought a new stake in shares of American Express in the second quarter worth approximately $25,000. Sfam LLC purchased a new position in shares of American Express during the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC bought a new position in American Express during the third quarter valued at approximately $28,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in American Express during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AXP shares. Bank of America lifted their target price on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. HSBC increased their price target on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a report on Monday, July 13th. Evercore set a $370.00 price objective on American Express in a report on Monday, July 27th. Piper Sandler upped their price objective on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.

American Express Trading Down 0.2%

Shares of AXP stock opened at $333.64 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The company has a market cap of $225.31 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.35 and a beta of 1.04. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The firm has a fifty day moving average price of $342.85 and a 200-day moving average price of $326.18.

American Express (NYSE:AXP) last announced 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. The company had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.American Express’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts predict that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

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

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.