Sanders Morris Harris LLC Acquires New Holdings in American Express Company $AXP

Sanders Morris Harris LLC acquired a new stake in American Express Company (NYSE:AXP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,246 shares of the payment services company’s stock, valued at approximately $987,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of American Express during the 2nd quarter valued at approximately $14,208,662,000. State Street Corp grew its stake 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 acquiring an additional 11,739,541 shares during the period. Bank of America Corp DE increased its holdings in American Express by 8.4% in the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock worth $2,695,702,000 after acquiring an additional 614,981 shares in the last quarter. Corient Private Wealth LP increased its holdings in American Express by 492.2% in the 2nd quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company’s stock worth $1,613,890,000 after acquiring an additional 3,965,582 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in American Express in the 2nd quarter worth $1,263,787,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

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More American Express News

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

• Positive Sentiment: American Express introduced its Intent Intelligence framework to authenticate a customer’s purchase intent before an AI agent completes a transaction. The initiative could reduce unauthorized purchases and disputes while helping AXP participate in the emerging agentic-commerce market, potentially supporting future transaction volume. American Express Publishes Intent Intelligence Framework for Trusted Agentic Commerce
• Positive Sentiment: The AI security framework may provide a new growth driver by giving issuers stronger control over purchases made by autonomous shopping agents. However, revenue benefits are longer-term and depend on adoption by merchants, consumers and other payments networks. Can American Express Turn AI Commerce Into a New Growth Driver?
• Positive Sentiment: Brokerages have a consensus price target of approximately $365.63, above the recent trading level. Investors are also pointing to double-digit revenue growth, an increased full-year revenue outlook and a valuation that remains below some historical or peer averages. American Express Consensus Target Price
• Neutral Sentiment: Analyst opinions remain mixed. The company’s latest quarter exceeded EPS expectations and revenue increased year over year, but the stock’s recent cooling despite improved guidance has created uncertainty about whether growth is fully reflected in the valuation. Analysts Conflicted on American Express
• Negative Sentiment: A reported $350 million anti-money-laundering fine is raising concerns about compliance costs, potential reputational damage and pressure on margins. The regulatory issue is likely the most immediate factor weighing on investor sentiment and could lead the market to apply a lower valuation multiple. American Express Stock May Sit Below Fair Value As AML Fine Lands

Analysts Set New Price Targets

A number of equities analysts have weighed in on AXP shares. TD Cowen reduced their price objective on shares of American Express from $338.00 to $335.00 and set a “hold” rating for the company in a research report on Tuesday, October 6th. Barclays dropped their target price on shares of American Express from $364.00 to $342.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. JPMorgan Chase & Co. cut their target price on shares of American Express from $400.00 to $360.00 and set an “overweight” rating for the company in a research note on Monday. Loop Capital cut their target price on shares of American Express from $389.00 to $386.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Finally, President Capital upped their price target on shares of American Express from $359.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $365.63.

Read Our Latest Stock Report on AXP

American Express Price Performance

Shares of NYSE:AXP traded down $3.27 during trading on Wednesday, reaching $306.57. The stock had a trading volume of 2,742,852 shares, compared to its average volume of 3,238,062. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The business has a fifty day moving average price of $322.25 and a 200-day moving average price of $325.22. The stock has a market cap of $207.03 billion, a PE ratio of 18.60, a PEG ratio of 1.34 and a beta of 1.08. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49.

American Express (NYSE:AXP – Get Free Report) last issued its quarterly 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 return on equity of 34.12% and a net margin of 15.07%. The firm had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same period in the previous year, the business earned $4.08 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts forecast that American Express Company will post 17.65 earnings per share for the current fiscal year.

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 paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s payout ratio is 23.06%.

American Express Company 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.

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