Narwhal Capital Management Buys 6,729 Shares of American Express Company $AXP

Narwhal Capital Management increased its stake in shares of American Express Company (NYSE:AXP) by 11.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 63,144 shares of the payment services company’s stock after buying an additional 6,729 shares during the quarter. American Express makes up about 1.3% of Narwhal Capital Management’s portfolio, making the stock its 19th largest position. Narwhal Capital Management’s holdings in American Express were worth $19,202,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AXP. 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 increased its stake in shares of 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 purchasing an additional 11,739,541 shares during the last quarter. Bank of America Corp DE increased its stake in shares of American Express by 8.4% during the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock worth $2,695,702,000 after purchasing an additional 614,981 shares during the last quarter. Corient Private Wealth LP raised its holdings in shares of American Express by 492.2% in the 2nd quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company’s stock worth $1,613,890,000 after purchasing an additional 3,965,582 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of American Express in the 2nd quarter worth approximately $1,263,787,000. Institutional investors own 84.33% of the company’s stock.

American Express Price Performance

AXP opened at $323.67 on Wednesday. The company has a market capitalization of $217.04 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 1.36 and a beta of 1.09. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The firm has a 50-day moving average price of $315.90 and a 200-day moving average price of $325.25. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49.

American Express (NYSE:AXP) last posted its quarterly 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 analyst estimates of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Equities analysts expect that American Express Company will post 17.98 EPS for the current year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s payout ratio is presently 21.40%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AXP shares. Truist Financial dropped their price objective 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. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 26th. Evercore set a $330.00 target price on American Express in a research report on Tuesday, October 27th. Citigroup lowered their target price on American Express from $340.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 27th. Finally, Piper Sandler upped their price target on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $365.22.

Insider Buying and Selling at American Express

In other American Express news, insider Laureen Seeger sold 69,860 shares of the business’s stock in a transaction on 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 sale, the insider owned 9,002 shares of the company’s stock, valued at $2,954,186.34. The trade was a 88.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Anna Marrs sold 44,910 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $327.20, for a total value of $14,694,552.00. Following the sale, the insider owned 20,509 shares in the company, valued at approximately $6,710,544.80. This represents a 68.65% 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 valued at $137,069,544 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Key Stories Impacting American Express

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

• Positive Sentiment: American Express and Fanatics launched a co-branded card aimed at sports fans, connecting Membership Rewards points with Fanatics FanCash and offering sports-related experiences and merchandise benefits. The partnership could deepen customer engagement and broaden AXP’s reach; its contribution to revenue and profits is not yet clear. Article: American Express unveils sports rewards card tied to fan loyalty
• Positive Sentiment: American Express Canada and Marriott Bonvoy are adding a no-annual-fee card, scheduled to launch in February 2027, and enhancing existing co-branded cards with complimentary Gold Elite status. The expanded lineup may help attract and retain cardholders, although the new product is a future launch. Article: American Express and Marriott Bonvoy expand Canadian card portfolio
• Neutral Sentiment: American Express rose 28 places to No. 42 on the Roundtable 100. The improved ranking is favorable brand recognition, but the article does not identify a direct near-term financial impact. Article: American Express jumps 28 places on the Roundtable 100
• Negative Sentiment: Analysis notes that growth in premium-card fees could be offset by rising rewards, benefits and marketing expenses. The concern is whether AXP can turn premium-card momentum into stronger profits. Article: Can American Express turn premium card growth into higher profits?

American Express Company 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.