Summit Place Financial Advisors LLC Purchases 4,284 Shares of American Express Company $AXP

Posted by Stanley Muller on Oct 26th, 2026

American Express logo Summit Place Financial Advisors LLC lifted its position in shares of American Express Company (NYSE:AXP – Free Report) by 634.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,959 shares of the payment services company’s stock after purchasing an additional 4,284 shares during the period. Summit Place Financial Advisors LLC’s holdings in American Express were worth $1,508,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in American Express in the second quarter valued at $14,208,662,000. State Street Corp lifted its holdings in 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 worth $13,857,176,000 after buying an additional 11,739,541 shares during the last quarter. Bank of America Corp DE lifted its holdings 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 worth $2,695,702,000 after buying an additional 614,981 shares during the last quarter. Corient Private Wealth LP lifted its holdings 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 worth $1,613,890,000 after buying an additional 3,965,582 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in American Express during the 2nd quarter worth about $1,263,787,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Key Stories Impacting American Express

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

Positive Sentiment: Strong third-quarter results: American Express reported adjusted EPS of $4.68, above the $4.50 consensus estimate, while revenue rose 8.9% year over year to approximately $20.1 billion. Billed business increased 8% to $454 billion, supported by higher card spending, fees and interest income. American Express Q3 Earnings Beat Estimates on Strong Card Fees
Positive Sentiment: Profit outlook increased: Management raised its 2026 adjusted EPS forecast to $17.60–$17.90, while reported coverage cited GAAP EPS guidance of $18.30–$18.60. Lower credit-loss provisions and continued spending by affluent customers supported the improved outlook. American Express raises 2026 profit forecast as affluent customers keep spending
Positive Sentiment: Customer engagement initiatives: American Express is expanding its travel ecosystem by adding Airbnb listings and rewards to Amex Travel, potentially strengthening premium-card retention and spending. American Express brings Airbnb bookings and rewards to Amex Travel platform
Neutral Sentiment: Premium-card benefit changes: Updates to the Platinum Card’s hotel and airport perks, including a revised $600 hotel credit beginning in 2027, could improve the value proposition for some members but may also introduce additional restrictions. Amex Platinum benefits updates
Negative Sentiment: AI-related layoffs overshadowed the earnings beat: American Express plans to eliminate about 5% of its global workforce—roughly 3,500 to 4,000 positions—and will record a $336 million restructuring charge. Investors may view the move as evidence of rising costs and execution risk, even though it could generate longer-term efficiency gains. American Express is cutting 5% of its workforce
Negative Sentiment: Revenue and network-volume performance were only broadly in line with expectations: This limited the positive impact of the earnings and guidance improvements, particularly amid a broader market decline and investor concerns about consumer resilience outside American Express’s affluent customer base. American Express Q3 earnings beat as network volume disappoints

American Express Trading Down 0.0%

NYSE AXP opened at $313.10 on Monday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.65 and a quick ratio of 1.54. The firm’s fifty day moving average price is $318.84 and its 200 day moving average price is $326.09. The company has a market capitalization of $211.44 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.33 and a beta of 1.08. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49.

American Express (NYSE:AXP – Get Free Report) last announced its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, topping the consensus estimate of $4.50 by $0.18. American Express had a net margin of 15.80% and a return on equity of 34.19%. The firm had revenue of $20.06 billion for the quarter, compared to analyst estimates of $20.12 billion. During the same period last year, the business earned $4.14 EPS. American Express’s revenue for the quarter was up 8.9% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, sell-side analysts expect that American Express Company will post 17.65 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company 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 dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. American Express’s dividend payout ratio (DPR) is presently 21.40%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AXP shares. Royal Bank Of Canada lowered their price objective on American Express from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. Benchmark started coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. Guggenheim started coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a research note on Friday, October 9th. Finally, Barclays lowered their price target on American Express from $364.00 to $342.00 and set an “equal weight” rating for the company in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $364.89.

Get Our Latest Stock Analysis on AXP

American Express Profile

(Free Report)

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.