Beutel Goodman & Co Ltd. raised its holdings in American Express Company (NYSE:AXP – Free Report) by 15.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 663,655 shares of the payment services company’s stock after purchasing an additional 90,487 shares during the period. American Express accounts for about 1.6% of Beutel Goodman & Co Ltd.’s holdings, making the stock its 29th biggest position. Beutel Goodman & Co Ltd.’s holdings in American Express were worth $201,817,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of American Express during the 2nd quarter valued at approximately $14,208,662,000. State Street Corp boosted its holdings in American Express by 40.2% in 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 period. Bank of America Corp DE grew its stake in American Express by 8.4% in 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 in the last quarter. Corient Private Wealth LP purchased a new position in American Express in the 2nd quarter valued at approximately $253,945,000. Finally, Bank of New York Mellon Corp purchased a new position in American Express in the 2nd quarter valued at approximately $1,263,787,000. Institutional investors own 84.33% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on AXP. UBS Group boosted their target price on shares of American Express from $345.00 to $346.00 and gave the company a “neutral” rating in a report on Monday, November 2nd. Guggenheim assumed coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating for the company. BTIG Research reduced their price target on American Express from $315.00 to $230.00 and set a “sell” rating for the company in a research report on Monday, September 7th. JPMorgan Chase & Co. lifted their price target on American Express from $360.00 to $365.00 and gave the company an “overweight” rating in a research report on Monday, October 26th. Finally, Royal Bank Of Canada decreased their price objective on American Express from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. One equities research 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 company. Based on data from MarketBeat.com, American Express currently has a consensus rating of “Moderate Buy” and an average price target of $365.22.
Check Out Our Latest Analysis on AXP
American Express Price Performance
AXP stock opened at $324.35 on Tuesday. The firm has a 50 day moving average of $316.03 and a 200-day moving average of $325.48. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The firm has a market capitalization of $217.49 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 1.40 and a beta of 1.09.
American Express (NYSE:AXP – Get Free Report) last issued its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, beating the consensus estimate of $4.50 by $0.18. The company had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. American Express’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, sell-side analysts predict that American Express Company will post 17.98 earnings per share for the current fiscal year.
American Express Announces Dividend
The company also recently declared 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 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s dividend payout ratio (DPR) is presently 21.40%.
More American Express News
Here are the key news stories impacting American Express this week:
- Positive Sentiment: American Express and Fanatics introduced a co-branded credit card and added Fanatics FanCash as a Membership Rewards transfer option. The partnership could broaden AmEx’s appeal among sports fans and create another way to engage cardmembers, though the reports did not quantify the potential financial contribution. AmEx Takes Page From Trading Cards With Fanatics Deal
- Positive Sentiment: A Zacks article highlighted American Express as a long-term stock pick, supporting a favorable investment view, although it did not report a new company development. Why American Express Is a Top Stock for the Long-Term
- Neutral Sentiment: A report said American Express shares gained but lagged the broader market, indicating the stock’s session performance was weaker than the market overall. American Express Stock Rises Monday, Still Underperforms Market
- Negative Sentiment: Commentary noted that premium-card fee growth is strong, but rising rewards, benefits and marketing expenses may make it harder to convert that growth into higher profits. Can American Express Turn Premium Card Growth Into Higher Profits?
Insider Buying and Selling at American Express
In other news, insider Anna Marrs sold 44,910 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $327.20, for a total transaction of $14,694,552.00. Following the completion of the transaction, the insider directly owned 20,509 shares in the company, valued at $6,710,544.80. The trade was a 68.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Laureen Seeger sold 69,860 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the completion of the transaction, the insider directly owned 9,002 shares in the company, valued at approximately $2,954,186.34. The trade was a 88.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 414,171 shares of company stock valued at $137,069,544 in the last three months. Company insiders own 0.14% of the company’s stock.
American Express Profile
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.
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