Kentucky Farm Bureau Mutual Insurance Co Invests $3.96 Million in American Express Company $AXP

Posted by Stanley Muller on Aug 20th, 2026

American Express logo Kentucky Farm Bureau Mutual Insurance Co bought a new position in shares of American Express Company (NYSE:AXP – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,713 shares of the payment services company’s stock, valued at approximately $3,962,000. American Express accounts for approximately 1.1% of Kentucky Farm Bureau Mutual Insurance Co’s investment portfolio, making the stock its 23rd biggest holding.

A number of other large investors have also recently bought and sold shares of AXP. Evolution Wealth Management Inc. raised its position in American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after buying an additional 66 shares during the last quarter. Joseph Group Capital Management purchased a new stake in shares of American Express in the 4th quarter valued at $26,000. Sfam LLC acquired a new stake in American Express during the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of American Express during the 4th quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of American Express in the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Benchmark assumed coverage on shares of American Express in a report on Monday, July 13th. They issued a “buy” rating for the company. JPMorgan Chase & Co. upgraded American Express from a “neutral” rating to an “overweight” rating and raised their target price for the company from $328.00 to $400.00 in a research report on Monday, July 13th. TD Cowen upped their price target on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings restated 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, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, American Express presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

Check Out Our Latest Stock Analysis on AXP

American Express Price Performance

Shares of American Express stock opened at $339.90 on Thursday. The stock has a market capitalization of $229.54 billion, a P/E ratio of 20.62, a PEG ratio of 1.36 and a beta of 1.04. The business has a 50 day simple moving average of $342.72 and a two-hundred day simple moving average of $326.91. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. 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 (NYSE:AXP – Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The company had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s payout ratio is presently 23.06%.

Key Headlines Impacting American Express

Here are the key news stories impacting American Express this week:

Positive Sentiment: American Express is expanding its premium lifestyle and sports partnerships by naming St Andrews Links its Official Payments Partner. The agreement could increase global brand visibility, card-member engagement and spending among affluent travelers and golf fans. American Express and St Andrews Links Trust partnership
Positive Sentiment: AXP has expanded virtual-card capabilities for U.S. commercial customers through its @ Work platform and Conferma. The move embeds American Express more deeply into corporate payment and travel workflows, potentially improving retention, security and business-spending volumes. American Express expanded virtual cards strategy
Positive Sentiment: A profile of CEO Steve Squeri highlights American Express’s successful focus on millennials and Gen Z customers, including the willingness of younger consumers to pay premium annual fees for differentiated benefits. The narrative reinforces the company’s premium-card strategy and customer growth potential. American Express CEO and premium card strategy
Neutral Sentiment: Management will participate in the Barclays Global Financial Services Conference on September 16. The event may provide updates on spending trends, credit quality and 2026 guidance, but no new financial outlook was announced. American Express Barclays conference announcement
Neutral Sentiment: American Express is among the holdings in US Financial 15 Split Corp., which declared a monthly preferred-share distribution. The announcement has no direct impact on AXP’s earnings or capital allocation. US Financial 15 preferred dividend announcement

American Express Company 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.