Junto Capital Management LP Invests $104.13 Million in American Express Company $AXP

by · The Markets Daily

Junto Capital Management LP acquired a new stake in American Express Company (NYSE:AXP – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 307,858 shares of the payment services company’s stock, valued at approximately $104,133,000. American Express comprises about 1.8% of Junto Capital Management LP’s investment portfolio, making the stock its 18th biggest position.

Several other large investors also recently modified their holdings of the company. Flputnam Investment Management Co. acquired a new position in shares of American Express during the 2nd quarter valued at $12,879,000. Evolve Private Wealth LLC acquired a new stake in American Express in the second quarter worth $5,172,000. OMERS ADMINISTRATION Corp acquired a new stake in American Express in the second quarter worth $11,642,000. Blue Capital Inc. bought a new stake in American Express in the fourth quarter valued at $2,838,000. Finally, Invst LLC acquired a new position in shares of American Express during the second quarter valued at about $1,339,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. TD Cowen boosted their target price on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. HSBC upped their price target on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Evercore set a $370.00 price target on American Express in a report on Monday, July 27th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.

View Our Latest Research Report on AXP

American Express Trading Down 1.3%

NYSE:AXP opened at $321.94 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. American Express Company has a one year low of $290.97 and a one year high of $387.49. The company has a market cap of $217.41 billion, a PE ratio of 19.53, a PEG ratio of 1.39 and a beta of 1.05. The firm has a 50-day moving average of $340.61 and a 200-day moving average of $324.87.

American Express (NYSE:AXP – Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter 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 research analysts expect that American Express Company will post 17.68 EPS for the current fiscal year.

American Express Company Profile

(Free Report)

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.

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