Bullock Wealth Management Group lessened its position in shares of American Express Company (NYSE:AXP) by 90.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 684 shares of the payment services company’s stock after selling 6,789 shares during the period. Bullock Wealth Management Group’s holdings in American Express were worth $217,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flputnam Investment Management Co. acquired a new position in shares of American Express during the 2nd quarter valued at $12,879,000. State Street Corp increased its holdings in 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 valued at $13,857,176,000 after purchasing an additional 11,739,541 shares in the last quarter. Evolve Private Wealth LLC purchased a new position in American Express in the second quarter valued at about $5,172,000. Silicon Valley Capital Partners raised its position in American Express by 14.9% in the second quarter. Silicon Valley Capital Partners now owns 41,480 shares of the payment services company’s stock valued at $14,030,000 after purchasing an additional 5,365 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of American Express during the second quarter worth about $11,642,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.
American Express Stock Up 0.0%
Shares of American Express stock traded up $0.08 during trading hours on Friday, hitting $308.18. 2,578,733 shares of the company’s stock traded hands, compared to its average volume of 3,248,135. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The company has a market cap of $208.12 billion, a PE ratio of 18.70, a PEG ratio of 1.31 and a beta of 1.08. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The stock has a 50 day simple moving average of $325.07 and a 200-day simple moving average of $324.99.
American Express Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s dividend payout ratio is presently 23.06%.
American Express News Roundup
Here are the key news stories impacting American Express this week:
- Positive Sentiment: BMO initiated coverage with a $380 price target, while Royal Bank of Canada maintained an Outperform rating and lowered its target from $415 to $400. Analysts cited continued growth in American Express’s premium customer base and the company’s ability to sustain revenue and earnings expansion despite intensifying competition. American Express Has More Room to Run Despite Rising Competition, Analyst Says
- Positive Sentiment: American Express launched a new corporate platform and continues investing in business and merchant tools, including guidance on how companies can use artificial intelligence. These initiatives could support corporate spending and strengthen longer-term customer relationships. American Express Launches New Corporate Platform
- Neutral Sentiment: American Express is scheduled to report quarterly results on October 23. Investors will look for evidence that premium-card growth, spending trends and earnings guidance can offset the regulatory setback. The company previously reported earnings above expectations and maintained fiscal 2026 EPS guidance of $17.30 to $17.90.
- Negative Sentiment: The Office of the Comptroller of the Currency and Federal Reserve fined American Express $350 million and issued regulatory orders over significant anti-money-laundering control failures. Regulators said inadequate resources, inexperienced personnel, weak training and internal-control gaps left approximately $13 billion in potentially suspicious activity insufficiently monitored or reported over nearly 11 years. The penalty creates a direct financial cost and raises concerns about compliance spending, reputational damage and potential additional oversight. OCC Assesses $350 Million Civil Money Penalty Against American Express
Analyst Ratings Changes
Several brokerages have recently weighed in on AXP. The Goldman Sachs Group upped their target price on American Express from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. HSBC boosted their price target on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. BTIG Research decreased their price target on American Express from $315.00 to $230.00 and set a “sell” rating for the company in a report on Monday, September 7th. Benchmark started coverage on shares of American Express in a research report on Monday, July 13th. They issued a “buy” rating for the company. Finally, Piper Sandler lifted their price objective on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, American Express currently has a consensus rating of “Hold” and a consensus target price of $364.52.
Read Our Latest Analysis on AXP
About American Express
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.
Featured Stories
- Five stocks we like better than American Express
- Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings
- Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
- Arista Networks Plugs Into All-Time Highs
Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company (NYSE:AXP – Free Report).
Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.
