PensionDanmark Pensionsforsikringsaktieselskab Buys 10,446 Shares of American Express Company $AXP

by · The Cerbat Gem

PensionDanmark Pensionsforsikringsaktieselskab grew its stake in American Express Company (NYSE:AXP – Free Report) by 10.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,801 shares of the payment services company’s stock after purchasing an additional 10,446 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in American Express were worth $36,125,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of AXP. Norges Bank purchased a new stake in American Express during the 4th quarter valued at $2,464,215,000. Capital World Investors raised its holdings in shares of American Express by 46.7% in the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after buying an additional 2,393,340 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in American Express by 350.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,236,438 shares of the payment services company’s stock valued at $373,998,000 after acquiring an additional 961,698 shares during the period. Pictet Asset Management Holding SA boosted its holdings in American Express by 73.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,451,606 shares of the payment services company’s stock valued at $438,975,000 after acquiring an additional 616,498 shares during the period. Finally, Bank of America Corp DE grew its position in American Express by 7.7% in the 4th quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock valued at $2,904,218,000 after acquiring an additional 558,533 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Price Performance

AXP opened at $342.86 on Friday. The company has a market capitalization of $231.54 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.41 and a beta of 1.04. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. American Express Company has a 12-month low of $290.63 and a 12-month high of $387.49. The business’s fifty day simple moving average is $337.63 and its 200-day simple moving average is $328.17.

American Express (NYSE:AXP – Get Free Report) last released its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating the consensus estimate 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 $14.99 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the previous year, the company posted $4.08 earnings per share. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts anticipate that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be issued a $0.95 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s payout ratio is currently 23.06%.

Analyst Ratings Changes

Several analysts have recently weighed in on AXP shares. The Goldman Sachs Group lifted their target price on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Benchmark began coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating on the stock. HSBC lifted their price objective on shares of American Express from $312.00 to $329.00 and gave the company a “hold” rating in a report on Monday, July 13th. Royal Bank Of Canada downgraded shares of American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $372.84.

Check Out Our Latest Research Report on AXP

American Express Profile

(Free Report)

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.

Further Reading