Intech Investment Management Adds $13M in American Express Company ($AXP)
Intech Investment Management boosted its holdings in American Express by 47%, as per its latest 13F filing.
Key Points
- Intech Investment Management added 37,411 shares of American Express, boosting its stake by 47% to 116,945 shares valued at $38.1 million.
- American Express trades at $325.43 with a market cap of $222 billion, a P/E ratio of 20.3, and a 52-week range of $288.34 to $387.49.
- Analyst consensus rates American Express as a 'buy', with Loop Capital initiating coverage at a $389 price target.
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Intech Investment Management has boosted its stake in American Express Company (NYSE: AXP) by 47%, according to its latest 13F filing with the SEC. The fund added 37,411 shares during the reporting period, bringing its total holdings to 116,945 shares. This position is valued at approximately $38.1 million.
What Changed in Intech Investment Management's American Express Position
Intech Investment Management significantly increased its position in American Express, raising its holdings from 79,534 shares to 116,945 shares. This addition of 37,411 shares represents a 47% increase in its stake, indicating a stronger commitment to the company with a total value of $38.1 million.
Other Institutional Activity in American Express
Several other institutional investors also made moves in American Express. Berkshire Hathaway maintained its massive holding of 151.6 million shares, valued at about $45.9 billion. BlackRock, Inc. reduced its position by 432,527 shares, ending with 41.9 million shares valued at $12.7 billion. Vanguard Capital Management LLC added 33 million shares, bringing its total to 33 million shares worth $9.98 billion. State Street Corp trimmed its stake by 237,147 shares, holding 29.2 million shares valued at $8.8 billion. Meanwhile, Geode Capital Management, LLC increased its holdings by 1.46 million shares, totaling 14.2 million shares worth $4.27 billion.
American Express Company Stock Up 1.5%
Shares of American Express (NYSE: AXP) currently trade near $325.43. The company boasts a market cap of approximately $222 billion and a P/E ratio of 20.3. Its stock has a 52-week low of $288.34 and a high of $387.49, with a 50-day moving average of $316.29 and a 200-day moving average of $337.22. The firm's beta is 1.058, and it maintains a current ratio of 1.574 and a debt-to-equity ratio of 177.847.
$AXP stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
American Express reported revenue of $68.8 billion, reflecting a growth rate of 11.6%. The company achieved an EPS of $16.01, with a net margin of 16.3% and a return on equity of 34.4%. The next earnings release is scheduled for April 23, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 5.3%. Revenue beat estimates by 11.0%.
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Profit surprise
Operating income beat by 33 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 target raises, 1 target cut.
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Earnings quality
Gross margin up 1.0 points. Operating margin up 14.0 points. Positive free cash flow.
Earnings Call Summary
American Express had a very strong first quarter with revenue growth of 11 percent and earnings per share of $4.28, up 18 percent year over year. Card member spending grew 10 percent, the highest quarterly growth in 3 years, driven by strength in travel and dining. The company is investing heavily in commercial products, artificial intelligence capabilities, and sports partnerships including a new multiyear agreement with the National Football League to become the league's official payments partner.
Guidance American Express reaffirmed full year guidance of 9 to 10 percent revenue growth and earnings per share of $17.30 to $17.90, despite delivering 11 percent revenue growth in the first quarter. The company is reinvesting the outperformance in marketing and technology instead of raising guidance.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Dividend
American Express pays an annual dividend rate of $3.80, yielding 1.17% with a payout ratio of 21.3%.
Insider Buying and Selling at American Express Company
On May 5, 2026, several insiders, including Karen Parkhill, Thomas Baltimore Jr., John Joseph Brennan, Charles Phillips Jr., Lisa Wardell, and Deborah Majoras, each bought 742 shares of American Express. These transactions were not planned under Rule 10b5-1.
Analysts Set New Price Targets
On May 22, 2026, Loop Capital initiated coverage on American Express with a 'buy' rating and a $389 price target. Earlier, on April 29, Evercore ISI Group maintained its 'hold' rating with a $345 target. Goldman Sachs also maintained a 'buy' rating with a $400 target on April 28. The consensus among analysts is a 'buy' recommendation, with an average price target of $361.94 based on 24 opinions.
About American Express
American Express Company operates as a global payments company, offering credit and charge cards, along with travel, dining, and lifestyle services. Headquartered in New York, NY, and led by CEO Stephen Joseph Squeri, the company serves consumers and businesses worldwide through various channels. With a workforce of 76,800 employees, American Express continues to expand its reach across multiple regions.
Bottom Line
Intech Investment Management's increased stake in American Express underscores its confidence in the company's prospects. This move, along with other institutional activities, highlights the interest in American Express as a key player in the financial services sector. Investors should note that 13F filings are historical and may not reflect current positions.
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