Crossmark Global Holdings Inc. lifted its stake in shares of American Express Company (NYSE:AXP) by 32.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 93,828 shares of the payment services company’s stock after buying an additional 22,751 shares during the period. Crossmark Global Holdings Inc.’s holdings in American Express were worth $34,712,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the stock. Fisher Asset Management LLC increased its stake in American Express by 1.7% in the third quarter. Fisher Asset Management LLC now owns 8,881,546 shares of the payment services company’s stock valued at $2,950,095,000 after purchasing an additional 146,586 shares in the last quarter. Capital World Investors boosted its position in shares of American Express by 0.5% during the 3rd quarter. Capital World Investors now owns 5,122,335 shares of the payment services company’s stock worth $1,701,435,000 after purchasing an additional 24,297 shares in the last quarter. Capital Research Global Investors grew its stake in shares of American Express by 0.7% in the 3rd quarter. Capital Research Global Investors now owns 4,452,660 shares of the payment services company’s stock valued at $1,479,019,000 after buying an additional 29,331 shares during the period. Ameriprise Financial Inc. increased its position in American Express by 27.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock valued at $1,310,515,000 after buying an additional 845,283 shares in the last quarter. Finally, Legal & General Group Plc increased its position in American Express by 2.4% in the 3rd quarter. Legal & General Group Plc now owns 3,483,876 shares of the payment services company’s stock valued at $1,157,204,000 after buying an additional 83,189 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.
Key American Express News
Here are the key news stories impacting American Express this week:
- Positive Sentiment: Warren Buffett publicly praised Greg Abel, reinforcing the market’s view that Berkshire’s leadership remains constructive on high-quality financial names like American Express. Warren Buffett: “I’d rather have Greg handling my money than any of the top investment advisors or any of the top CEOs of the United States.”
- Positive Sentiment: Multiple articles highlighted American Express as a Berkshire favorite and one of Buffett’s best value ideas for 2026, which can support sentiment around AXP as a durable, cash-generating franchise. American Express (AXP) – Among the 10 Best Value Stocks to Buy in 2026 According to Warren Buffett
- Positive Sentiment: American Express’ move to sell its remaining stake in American Express Global Business Travel for about $1.5 billion was described as helping the company refocus on its core card business, which investors often view favorably. American Express Exit From GBT Refocuses Capital On Core Card Engine
- Positive Sentiment: American Express also launched an AI upskilling initiative for small businesses, a potentially positive long-term move that could deepen customer relationships and strengthen its small-business ecosystem. American Express Uses AI Upskilling To Deepen Small Business Relationships
- Neutral Sentiment: Shareholders reaffirmed the board, executive pay, and auditor at the annual meeting, removing a potential governance overhang but likely not a major near-term stock catalyst. American Express Shareholders Reaffirm Board, Pay and Auditor
- Neutral Sentiment: Articles comparing AXP with other value stocks or peers are generally informational and do not appear to be driving the move on their own. INTR vs. AXP: Which Stock Should Value Investors Buy Now?
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on AXP
Insider Transactions at American Express
In other American Express news, insider Ravikumar Radhakrishnan sold 15,000 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $356.58, for a total value of $5,348,700.00. Following the completion of the sale, the insider owned 8,945 shares in the company, valued at approximately $3,189,608.10. This trade represents a 62.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Howard Grosfield sold 8,134 shares of American Express stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $346.73, for a total transaction of $2,820,301.82. Following the transaction, the insider directly owned 9,433 shares in the company, valued at approximately $3,270,704.09. This represents a 46.30% decrease in their position. The SEC filing for this sale provides additional information. 0.14% of the stock is owned by company insiders.
American Express Stock Down 0.9%
AXP stock opened at $315.79 on Friday. The firm has a market capitalization of $215.47 billion, a PE ratio of 19.70, a P/E/G ratio of 1.30 and a beta of 1.08. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. American Express Company has a twelve month low of $281.46 and a twelve month high of $387.49. The stock’s 50 day moving average is $311.10 and its 200-day moving average is $344.05.
American Express (NYSE:AXP – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter in the prior year, the company posted $3.64 earnings per share. American Express’s revenue was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts expect that American Express Company will post 17.59 EPS for the current fiscal year.
American Express Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 3rd were issued a $0.95 dividend. This is an increase from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, April 2nd. American Express’s dividend payout ratio is currently 23.71%.
About American Express
American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.
American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.
Further Reading
Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company (NYSE:AXP – Free Report).
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