American Express Company $AXP Stock Position Lifted by Pictet Asset Management Holding SA

Posted by Brenda Bartman on Nov 8th, 2026

American Express logo Pictet Asset Management Holding SA lifted its stake in shares of American Express Company (NYSE:AXP – Free Report) by 7.1% during the third quarter, Holdings Channel reports. The fund owned 1,250,398 shares of the payment services company’s stock after acquiring an additional 82,790 shares during the period. Pictet Asset Management Holding SA’s holdings in American Express were worth $380,299,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC raised its stake in American Express by 2.0% in the third quarter. Parallel Advisors LLC now owns 14,662 shares of the payment services company’s stock valued at $4,459,000 after buying an additional 292 shares in the last quarter. Plancorp LLC lifted its position in shares of American Express by 4.0% during the 3rd quarter. Plancorp LLC now owns 2,406 shares of the payment services company’s stock worth $768,000 after buying an additional 93 shares during the last quarter. May Hill Capital LLC lifted its position in shares of American Express by 23.0% during the 3rd quarter. May Hill Capital LLC now owns 2,349 shares of the payment services company’s stock worth $714,000 after buying an additional 439 shares during the last quarter. Alps Advisors Inc. boosted its holdings in shares of American Express by 44.2% in the 3rd quarter. Alps Advisors Inc. now owns 14,744 shares of the payment services company’s stock valued at $4,484,000 after buying an additional 4,522 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in shares of American Express by 3.3% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 11,289 shares of the payment services company’s stock valued at $3,433,000 after buying an additional 361 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting American Express

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

Positive Sentiment: American Express has reduced its share count by 27% since 2016, while diluted earnings per share increased 352% from Q3 2016 to the latest quarter. The article credits its premium brand and network advantages—long-term strengths that have helped shareholders, rather than a new near-term development. Article: American Express Has Cut Its Share Count by 27% Since 2016
Positive Sentiment: ETFs recorded $41.8 million in net purchases of AXP shares on Nov. 4, providing a modest signal of institutional demand. Article: American Express Sees $41.8 Million in Net ETF Buying
Negative Sentiment: A report says American Express insider Laureen Seeger sold 69,860 shares. Insider sales can weigh on sentiment, although the provided report does not give context for the transaction. Article: Insider Laureen Seeger Sells 69,860 Shares
Negative Sentiment: AXP also had a notable decline in the prior session, but the cited coverage does not specify what drove the move. This recent weakness may be weighing on near-term sentiment. Article: American Express Drops 3.5%

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Truist Financial dropped their price target on American Express from $375.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. BTIG Research cut their price target on shares of American Express from $315.00 to $230.00 and set a “sell” rating for the company in a report on Monday, September 7th. Barclays reduced their target price on American Express from $342.00 to $340.00 and set an “equal weight” rating for the company in a report on Monday, October 26th. Jefferies Financial Group reaffirmed a “hold” rating and set a $330.00 price target on shares of American Express in a research note on Friday, October 23rd. Finally, BMO Capital Markets started coverage on shares of American Express in a report on Thursday, October 8th. They issued an “outperform” rating and a $380.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $365.22.

Read Our Latest Report on AXP

Insider Transactions at American Express

In other news, CEO Stephen Squeri sold 299,401 shares of American Express stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $332.16, for a total value of $99,449,036.16. Following the completion of the sale, the chief executive officer owned 60,567 shares of the company’s stock, valued at $20,117,934.72. The trade was a 83.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laureen Seeger sold 69,860 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the transaction, the insider directly owned 9,002 shares of the company’s stock, valued at approximately $2,954,186.34. This represents a 88.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 414,171 shares of company stock worth $137,069,544 over the last quarter. 0.14% of the stock is currently owned by insiders.

American Express Stock Down 1.2%

Shares of NYSE AXP opened at $321.02 on Friday. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.58. The firm’s 50-day moving average is $316.22 and its two-hundred day moving average is $325.65. The company has a market capitalization of $215.26 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.35 and a beta of 1.09.

American Express (NYSE:AXP – Get Free Report) last released its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, topping the consensus estimate of $4.50 by $0.18. The company had revenue of $20.06 billion during 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%. American Express’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Equities analysts anticipate that American Express Company will post 17.98 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be given a dividend of $0.95 per share. The ex-dividend date is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio (DPR) is 21.40%.

American Express Profile

(Free Report)

American Express Company is a global payments and financial services company that operates a card-issuing business and a payments network. Its products and services include consumer, small-business and corporate cards, payment processing, lending, travel services and expense-management solutions.

Founded in 1850 as an express mail business, the company expanded into financial services and became known for its charge cards and travel-related services. Today, it serves cardholders and businesses in the United States and markets around the world, connecting customers, merchants and financial institutions through its network.

Stephen J.