Smith Group Asset Management LLC Sells 65,574 Shares of American Express Company $AXP

Posted by Geri Gentry on Oct 29th, 2026

American Express logo Smith Group Asset Management LLC reduced its position in shares of American Express Company (NYSE:AXP – Free Report) by 38.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,489 shares of the payment services company’s stock after selling 65,574 shares during the quarter. American Express accounts for about 2.1% of Smith Group Asset Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Smith Group Asset Management LLC’s holdings in American Express were worth $31,471,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Sigma Investment Counselors Inc. raised its holdings in American Express by 29.1% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 3,376 shares of the payment services company’s stock worth $1,027,000 after acquiring an additional 760 shares during the last quarter. William Mack & Associates Inc. purchased a new stake in American Express during the 3rd quarter valued at $86,000. Victory Financial Group LLC boosted its stake in American Express by 31.5% during the 3rd quarter. Victory Financial Group LLC now owns 2,229 shares of the payment services company’s stock valued at $678,000 after purchasing an additional 534 shares during the last quarter. Great Lakes Retirement Inc. boosted its stake in American Express by 0.5% during the 3rd quarter. Great Lakes Retirement Inc. now owns 11,688 shares of the payment services company’s stock valued at $3,554,000 after purchasing an additional 55 shares during the last quarter. Finally, Generali Asset Management SPA SGR increased its holdings in shares of American Express by 6.1% in the 3rd quarter. Generali Asset Management SPA SGR now owns 73,036 shares of the payment services company’s stock worth $22,210,000 after purchasing an additional 4,208 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Stock Up 1.7%

Shares of American Express stock opened at $318.38 on Thursday. The company has a market cap of $215.00 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 1.33 and a beta of 1.08. The company’s 50 day moving average is $317.76 and its 200 day moving average is $326.90. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.65 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP – Get Free Report) last issued its earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share (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 company had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $20.12 billion. During the same quarter last year, the company posted $4.14 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Research analysts anticipate that American Express Company will post 17.73 EPS for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend 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 21.40%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AXP shares. Royal Bank Of Canada decreased their price target on American Express from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Benchmark initiated coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. BTIG Research dropped their price objective on American Express from $315.00 to $230.00 and set a “sell” rating on the stock in a research report on Monday, September 7th. Citigroup reduced their price objective on American Express from $340.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Evercore set a $330.00 target price on American Express in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $365.19.

Get Our Latest Research Report on American Express

Key American Express News

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

Positive Sentiment: American Express reported third-quarter adjusted EPS of $4.68, ahead of the $4.50 consensus estimate, while revenue increased 8.9% year over year to $20.06 billion. The company also maintained or raised its 2026 EPS outlook to $17.60–$17.90, supporting the investment case. Is AmEx Stock a Buy After Q3 Earnings Beat? Premium Appeal Shines
Positive Sentiment: Analysts and investors continue to highlight AXP’s valuable brand, affluent customer base, strong cash flow and premium spending trends. Some commentary suggests the stock may be below fair value relative to its earnings power and returns on capital. American Express Stock Looks Below Fair Value On Earnings Strength
Positive Sentiment: JPMorgan raised its price target for American Express, providing additional support for the stock following the earnings report. American Express Stock Gets Price Target Boost from JPMorgan Chase
Neutral Sentiment: Analyst opinion remains mixed: Morgan Stanley assigned a Hold rating, while other coverage is more constructive. This limits the immediate bullish impact of the earnings beat. Morgan Stanley Issues a Hold Rating on American Express
Negative Sentiment: Investors remain concerned about rising benefit and operating costs, softer commercial-card growth and the stock’s broader 2026 underperformance despite record earnings. American Express is also exposed to higher interest rates, falling asset prices and rising unemployment among high-income consumers. Reasons American Express Stock Is Having Its Worst Year Since 2015 Despite Record Earnings
Negative Sentiment: The planned elimination of 3,500 jobs and $336 million restructuring charge to support artificial-intelligence integration could weigh on near-term results, even though management expects longer-term efficiency benefits. American Express to Cut 3,500 Jobs in Restructuring

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.