MassMutual Boosts Stake in American Express by 388 Percent

MassMutual Private Wealth & Trust FSB significantly increased its stake in American Express Company (NYSE: AXP) during the third quarter, according to its latest 13F filing with the SEC. The firm boosted its holdings by 388.2%, acquiring an additional 27,751 shares to bring its total to 34,900 shares, valued at $10,613,000.

Other major institutional investors also made notable adjustments to their positions in American Express. BlackRock Inc. initiated a new stake worth approximately $14,208,662,000 in the second quarter. State Street Corp raised its stake by 40.2%, now owning 40,967,262 shares valued at $13,857,176,000. Capital World Investors increased its position by 46.7%, holding 7,515,675 shares worth $2,780,424,000. Bank of America Corp DE lifted its stake by 8.4%, owning 7,969,555 shares valued at $2,695,702,000, while Nuveen LLC boosted its stake by 6.0%, now holding 5,172,484 shares worth $1,913,560,000.

American Express reported strong earnings for the quarter ending July 24th, with earnings per share (EPS) of $4.53, exceeding analyst estimates of $4.41. The company's revenue for the quarter was $14.99 billion, up 10.0% year-over-year. The firm has set its FY 2026 guidance at 17.300-17.900 EPS, with analysts anticipating 17.68 EPS for the current fiscal year. The stock currently has a consensus rating of "Hold" with a price target of $366.96.

The company also recently announced a quarterly dividend of $0.95 per share, payable on November 10th to shareholders of record on October 9th. This represents an annualized dividend of $3.80 and a yield of 1.3%. Analysts have set various price targets for American Express, with ratings ranging from "Strong Buy" to "Sell".