Stonebridge Financial Group LLC Cuts Holdings in American Express Company $AXP

Posted by Francis Steltz on Oct 1st, 2026

American Express logo Stonebridge Financial Group LLC decreased its holdings in shares of American Express Company (NYSE:AXP) by 22.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,001 shares of the payment services company’s stock after selling 3,441 shares during the period. Stonebridge Financial Group LLC’s holdings in American Express were worth $3,753,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Greenwich Wealth Management LLC raised its stake in shares of American Express by 5.3% in the second quarter. Greenwich Wealth Management LLC now owns 1,009 shares of the payment services company’s stock worth $341,000 after purchasing an additional 51 shares during the last quarter. QRG Capital Management Inc. raised its position in American Express by 36.8% in the 2nd quarter. QRG Capital Management Inc. now owns 124,017 shares of the payment services company’s stock valued at $45,382,000 after buying an additional 33,342 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in American Express by 49.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 32,440 shares of the payment services company’s stock valued at $10,973,000 after acquiring an additional 10,781 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in American Express by 62.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,219,787 shares of the payment services company’s stock worth $412,593,000 after acquiring an additional 470,791 shares during the last quarter. Finally, State Street Corp grew its stake in shares of American Express by 40.2% in the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after acquiring an additional 11,739,541 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express News Summary

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

Positive Sentiment: American Express launched the next generation of its corporate platform, combining new corporate cashback cards, integrated expense-management software and AI-powered tools. The offering is designed to improve expense reporting, provide real-time spending insights and strengthen AmEx’s appeal to midsize businesses. American Express launches next-generation corporate platform
Positive Sentiment: Management is emphasizing AI agents and an integrated payments, expenses and business-management platform to reduce administrative work for finance teams. The strategy could help AmEx retain corporate customers and generate additional spending and software-related revenue. How AmEx is betting big on AI tools
Positive Sentiment: American Express is scheduled to distribute a quarterly dividend of $0.95 per share on November 10, supporting the stock’s shareholder-return profile. American Express quarterly dividend
Neutral Sentiment: Citigroup lowered its price target from $355 to $340 and maintained a neutral rating. Although the revised target still implies meaningful upside from the quoted share price, the reduction signals more cautious expectations.
Negative Sentiment: The new AI and expense-management products are being introduced as AmEx faces increasing competition from fintech providers, raising questions about investment costs, adoption and whether the initiatives can protect its corporate-business growth. AmEx adds AI expense tracking to corporate card
Negative Sentiment: Recent valuation commentary is also weighing on sentiment, as investors assess whether American Express can sustain enough earnings growth to justify its valuation. The shares are trading near the lower end of their 12-month range despite the company’s latest earnings beat.

Analysts Set New Price Targets

AXP has been the topic of several analyst reports. BTIG Research cut their price target on shares of American Express from $315.00 to $230.00 and set a “sell” rating on the stock in a report on Monday, September 7th. DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 price target for the company in a research report on Thursday, June 18th. Barclays lifted their price target on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. TD Cowen raised their target price on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $366.96.

View Our Latest Stock Analysis on AXP

American Express Stock Performance

Shares of NYSE:AXP traded down $2.12 during mid-day trading on Thursday, reaching $301.98. The company had a trading volume of 3,920,924 shares, compared to its average volume of 3,249,460. American Express Company has a one year low of $290.97 and a one year high of $387.49. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The company’s 50-day moving average price is $328.71 and its 200-day moving average price is $324.69. The firm has a market cap of $203.93 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.30 and a beta of 1.05.

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 the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business had revenue of $14.99 billion during the quarter, compared to analyst estimates of $19.70 billion. During the same period in the prior year, the company earned $4.08 earnings per share. American Express’s revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts anticipate that American Express Company will post 17.68 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s dividend payout ratio is currently 23.06%.

American Express Profile

(Free Report)

American Express Company (NYSE: AXP) is a global financial services company that provides payment, lending, travel and related products to consumers, small businesses and corporate customers. Its offerings include consumer and business charge and credit cards, payment solutions, commercial financing, deposit products and rewards programs.

American Express also operates a worldwide merchant network and provides businesses with payment acceptance services, transaction-processing capabilities and data-driven marketing solutions.