Stockman Wealth Management Inc. lifted its stake in American Express Company (NYSE:AXP – Free Report) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,288 shares of the payment services company’s stock after buying an additional 1,710 shares during the quarter. American Express comprises 1.6% of Stockman Wealth Management Inc.’s portfolio, making the stock its 22nd biggest holding. Stockman Wealth Management Inc.’s holdings in American Express were worth $15,293,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of American Express during the 2nd quarter valued at approximately $14,208,662,000. State Street Corp raised its stake 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 acquiring an additional 11,739,541 shares during the period. Corient Private Wealth LP bought a new stake in American Express during the 2nd quarter worth approximately $253,945,000. Bank of New York Mellon Corp bought a new stake in American Express during the 2nd quarter worth approximately $1,263,787,000. Finally, Legal & General Group Plc bought a new stake in American Express during the 2nd quarter worth approximately $1,138,054,000. 84.33% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on AXP. TD Cowen lowered their price target on shares of American Express from $338.00 to $335.00 and set a “hold” rating on the stock in a report on Tuesday, October 6th. William Blair reissued an “outperform” rating on shares of American Express in a research note on Friday, October 23rd. Loop Capital reduced their price objective 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. Piper Sandler raised their price objective on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, Bank of America lifted their target price on shares of American Express from $387.00 to $391.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $365.19.
Check Out Our Latest Stock Analysis on AXP
American Express Stock Performance
NYSE AXP opened at $318.38 on Thursday. 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 Company has a twelve month low of $290.97 and a twelve month high of $387.49. The business has a 50-day moving average price of $317.76 and a 200-day moving average price of $326.90. The firm 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.
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, beating the consensus estimate of $4.50 by $0.18. The company had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $20.12 billion. American Express had a return on equity of 34.19% and a net margin of 15.80%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, equities research analysts predict that American Express Company will post 17.73 EPS for the current fiscal year.
American Express Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 9th. American Express’s dividend payout ratio is presently 21.40%.
Key Stories Impacting American Express
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 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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