OneAscent Family Office LLC acquired a new stake in shares of American Express Company (NYSE:AXP) during the second quarter, Holdings Channel.com reports. The fund acquired 1,673 shares of the payment services company’s stock, valued at approximately $566,000.
Several other large investors have also recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. boosted its stake in shares of 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 valued at $25,000 after buying an additional 66 shares during the period. Joseph Group Capital Management acquired a new position in shares of American Express in the fourth quarter worth $26,000. Sfam LLC acquired a new position in shares of American Express in the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of American Express during the fourth quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in American Express during the third quarter valued at $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.
More American Express News
Here are the key news stories impacting American Express this week:
- Positive Sentiment: American Express expanded its virtual-card capabilities for U.S. commercial customers through its @ Work platform and Conferma. The initiative could strengthen AXP’s position in corporate payments by improving security, spending controls, and integration with business and travel workflows. Is American Express’ Expanded Virtual Cards Strategy Deepening Its Corporate Moat in Premium Payments?
- Positive Sentiment: AXP became the official payments partner of St Andrews Links, expanding its premium sports and lifestyle partnership portfolio. The agreement may support international brand awareness, card-member engagement, and premium-card acquisition, although the near-term financial impact is likely limited. American Express and St Andrews Links Trust Announce Partnership
- Positive Sentiment: A recent profile highlighted CEO Steve Squeri’s strategy of attracting younger customers with premium products such as the Platinum Card. The company’s success with millennials and Gen Z supports the long-term value of its premium-card model. The American Express CEO Defied Haters
- Neutral Sentiment: Analyst opinions on American Express are mixed, indicating limited consensus on the stock’s valuation and outlook. Management is scheduled to participate in the Barclays Global Financial Services Conference on September 16, which could provide additional commentary on spending trends, credit quality, and guidance. Analysts’ Opinions Are Mixed on American Express American Express to Participate in Barclays Global Financial Services Conference
- Negative Sentiment: A 2026 Long Angle survey of more than 9,000 high-net-worth individuals found that Amex and Chase lagged other providers in loyalty, while Fidelity and Schwab ranked better in banking-related categories. The findings raise concerns about customer retention and competitive pressure in an important premium segment. Long Angle High-Net-Worth Study
American Express Stock Down 2.3%
American Express (NYSE:AXP – Get Free Report) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the prior year, the business posted $4.08 earnings per share. The business’s quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.
American Express Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s dividend payout ratio is currently 23.06%.
Analysts Set New Price Targets
AXP has been the topic of a number of recent research reports. Guggenheim assumed coverage on American Express in a research note on Monday, July 13th. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. Bank of America lifted their price target on American Express from $387.00 to $391.00 and gave the company a “buy” rating in a report on Thursday, July 9th. TD Cowen boosted their price target on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. Finally, Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $373.32.
American Express Company Profile
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.
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