Robertson Stephens Wealth Management LLC lessened its holdings in shares of American Express Company (NYSE:AXP – Free Report) by 10.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,976 shares of the payment services company’s stock after selling 2,765 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in American Express were worth $7,084,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of AXP. BlackRock Inc. acquired a new position in shares of American Express in the 2nd quarter valued at approximately $14,208,662,000. State Street Corp boosted its stake in shares of American Express by 40.2% during 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 buying an additional 11,739,541 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of 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 buying an additional 614,981 shares during the last quarter. Corient Private Wealth LP grew its position in shares of American Express by 492.2% during the second quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company’s stock worth $1,613,890,000 after buying an additional 3,965,582 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of American Express during the second quarter worth approximately $1,263,787,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
AXP has been the subject of a number of research analyst reports. Guggenheim started coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. UBS Group cut their price target on shares of American Express from $384.00 to $345.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. BTIG Research reduced their price objective on shares of American Express from $315.00 to $230.00 and set a “sell” rating on the stock in a research note on Monday, September 7th. HSBC raised their price objective 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. Finally, Jefferies Financial Group raised shares of American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. 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 issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $365.63.
View Our Latest Stock Report on AXP
Key American Express News
Here are the key news stories impacting American Express this week:
- Positive Sentiment: Strong consumer spending—particularly among affluent customers—continues to support American Express’s payment volumes and earnings outlook. Analysts also point to Wall Street wealth effects as a potential tailwind for discretionary spending. 3 Stocks to Watch as Wall Street Wealth Fuels Consumer Spending
- Positive Sentiment: American Express is expected to benefit from rising interest income, with consensus estimates calling for year-over-year earnings growth in the upcoming quarterly report. The company’s full-year 2026 EPS guidance remains $17.30 to $17.90. Will Rising Expenses Affect American Express’ Q3 Earnings?
- Positive Sentiment: The Rakuten American Express Card received a limited-edition NARUTO SHIPPUDEN design, helping refresh the card’s marketing appeal while retaining its existing cash-back rewards and benefits. Rakuten Introduces Limited Edition NARUTO SHIPPUDEN Credit Card Design
- Neutral Sentiment: American Express is developing AI-powered payment security for purchases initiated by autonomous shopping agents. The technology could support future transaction growth, but its financial impact is not yet clear. Can American Express Turn AI Commerce Into a New Growth Driver?
- Negative Sentiment: Higher operating expenses are expected to pressure margins and may offset some of the benefit from stronger spending and interest income. Zacks also indicates that AXP lacks the typical combination of factors supporting a likely earnings beat, increasing pre-earnings uncertainty. American Express Earnings Expected to Grow: Should You Buy?
- Negative Sentiment: Despite its favorable growth profile, American Express trades at a premium valuation, leaving less room for disappointment if quarterly revenue, expenses, or guidance fall short of expectations. Rising credit-card delinquencies are an additional sector risk.
American Express Price Performance
Shares of NYSE AXP opened at $313.47 on Friday. American Express Company has a twelve month low of $290.97 and a twelve month 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 has a market capitalization of $211.69 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 1.33 and a beta of 1.08. The business has a 50 day simple moving average of $321.12 and a 200-day simple moving average of $325.29.
American Express (NYSE:AXP – Get Free Report) last posted 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 business 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%. During the same period in the prior year, the company posted $4.08 EPS. The business’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 expect that American Express Company will post 17.65 earnings per share for the current year.
American Express Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s payout ratio is currently 23.06%.
American Express Company Profile
American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.
The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.
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