Milestone Asset Management LLC grew its stake in American Express Company (NYSE:AXP – Free Report) by 62.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,927 shares of the payment services company’s stock after buying an additional 3,038 shares during the period. Milestone Asset Management LLC’s holdings in American Express were worth $2,411,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in AXP. BlackRock Inc. acquired a new position in shares of American Express in the second quarter worth approximately $14,208,662,000. State Street Corp boosted its holdings in American Express by 40.2% in the second 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 last quarter. Bank of America Corp DE increased its position in American Express by 8.4% during the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock valued at $2,695,702,000 after purchasing an additional 614,981 shares during the period. Corient Private Wealth LP increased its position in American Express by 492.2% during the 2nd quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company’s stock valued at $1,613,890,000 after purchasing an additional 3,965,582 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in American Express during the 2nd quarter valued at approximately $1,263,787,000. 84.33% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
AXP has been the subject of several analyst reports. HSBC raised their price target on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Truist Financial reduced their price objective on shares of American Express from $375.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. BMO Capital Markets initiated coverage on shares of American Express in a research report on Thursday, October 8th. They set an “outperform” rating and a $380.00 price objective for the company. Bank of America increased their price objective on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Benchmark assumed coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $365.63.
Key Stories Impacting American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: Institutional investor support: Harris Oakmark’s third-quarter 2026 investor letter identified American Express as a compelling investment, signaling confidence in the company’s brand, business quality and long-term capital appreciation potential. What Makes American Express (AXP) a Compelling Bet?
- Positive Sentiment: AI commerce opportunity: American Express is developing issuer-side tools, including “Proof of Intent” and AI-powered payment security, to authenticate purchases made by autonomous shopping agents. If successful, the technology could protect against fraud, support higher transaction volumes and create a new payments growth channel. Can American Express Turn AI Commerce Into a New Growth Driver?
- Neutral Sentiment: Marketing partnership: Rakuten launched a limited-edition Naruto Shippuden design for the Rakuten American Express Card. The promotion may improve card engagement and brand visibility, but it does not change the card’s existing rewards or represent a material near-term earnings catalyst. Rakuten Introduces Limited Edition NARUTO SHIPPUDEN Credit Card Design
- Positive Sentiment: Analyst valuation support: Brokerages reportedly have a consensus target price of $365.63, implying meaningful upside relative to the recent trading level. However, the target is forward-looking and does not eliminate regulatory risks. American Express Consensus Target Price
- Negative Sentiment: AML fine and valuation concerns: A reported $350 million anti-money-laundering fine is pressuring the investment case, raising questions about compliance costs, regulatory oversight and whether AXP’s valuation fully reflects its earnings power. American Express Stock May Sit Below Fair Value As AML Fine Lands
American Express Stock Up 2.2%
Shares of American Express stock opened at $313.61 on Friday. American Express Company has a one year low of $290.97 and a one year high of $387.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The stock’s 50-day moving average is $321.67 and its 200 day moving average is $325.37. The firm has a market cap of $211.79 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.31 and a beta of 1.08.
American Express (NYSE:AXP – Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.12. The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts anticipate that American Express Company will post 17.65 EPS for the current year.
American Express Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be paid a $0.95 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. American Express’s payout ratio is currently 23.06%.
American Express Company Profile
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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