Korea Investment CORP Makes New $218.98 Million Investment in American Express Company $AXP

Posted by Stanley Muller on Aug 22nd, 2026

American Express logo Korea Investment CORP acquired a new position in shares of American Express Company (NYSE:AXP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 647,397 shares of the payment services company’s stock, valued at approximately $218,982,000. Korea Investment CORP owned 0.10% of American Express at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AXP. BlackRock Inc. acquired a new position in shares of American Express in the second quarter valued at about $14,208,662,000. State Street Corp boosted its holdings in shares of American Express by 1.3% in the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock valued at $10,900,528,000 after acquiring an additional 369,967 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in American Express by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock valued at $3,338,238,000 after purchasing an additional 141,936 shares during the last quarter. Bank of America Corp DE boosted its holdings in American Express by 7.7% in the fourth 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 purchasing an additional 558,533 shares during the last quarter. Finally, Capital World Investors grew its position in American Express by 46.7% during the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after purchasing an additional 2,393,340 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Up 1.5%

AXP opened at $336.00 on Friday. American Express Company has a 1-year low of $290.97 and a 1-year 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. The firm has a market capitalization of $226.90 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. The company’s 50 day simple moving average is $343.19 and its two-hundred day simple moving average is $326.83.

American Express (NYSE:AXP – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $19.64 billion for the quarter, compared to the consensus estimate 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 was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts expect that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

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%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AXP. Benchmark began coverage on American Express in a research note on Monday, July 13th. They issued a “buy” rating on the stock. Royal Bank Of Canada cut shares of American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. Barclays increased their target price on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Finally, Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, American Express has a consensus rating of “Moderate Buy” and an average price target of $373.32.

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About American Express

(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.