American Express Company $AXP Shares Sold by Elevated Financial Group LLC

Elevated Financial Group LLC reduced its position in American Express Company (NYSE:AXP) by 48.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,953 shares of the payment services company’s stock after selling 1,830 shares during the quarter. Elevated Financial Group LLC’s holdings in American Express were worth $594,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AXP. Center For Asset Management LLC grew its position in American Express by 16.0% during the third quarter. Center For Asset Management LLC now owns 987 shares of the payment services company’s stock valued at $300,000 after acquiring an additional 136 shares during the period. Frank Rimerman Advisors LLC increased its stake in American Express by 22.8% during the third quarter. Frank Rimerman Advisors LLC now owns 18,142 shares of the payment services company’s stock worth $5,517,000 after acquiring an additional 3,366 shares during the last quarter. Birch Hill Investment Advisors LLC increased its stake in American Express by 6,378.6% during the third quarter. Birch Hill Investment Advisors LLC now owns 145,769 shares of the payment services company’s stock worth $44,328,000 after acquiring an additional 143,519 shares during the last quarter. Alpine Bank Wealth Management raised its holdings in shares of American Express by 4.3% in the 3rd quarter. Alpine Bank Wealth Management now owns 5,679 shares of the payment services company’s stock worth $1,778,000 after purchasing an additional 234 shares during the period. Finally, KRS Capital Management LLC raised its holdings in shares of American Express by 28.1% in the 3rd quarter. KRS Capital Management LLC now owns 7,202 shares of the payment services company’s stock worth $2,190,000 after purchasing an additional 1,579 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

AXP has been the topic of several research analyst reports. Barclays reduced their price objective on American Express from $364.00 to $342.00 and set an “equal weight” rating on the stock in a research note on Monday, October 5th. BMO Capital Markets assumed coverage on shares of American Express in a research report on Thursday, October 8th. They set an “outperform” rating and a $380.00 target price for the company. The Goldman Sachs Group raised their price target on shares of American Express from $400.00 to $410.00 and gave the company a “buy” rating in a report on Monday, July 6th. Citigroup reduced their price target on shares of American Express from $355.00 to $340.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 30th. Finally, Loop Capital reduced their price target on shares of American Express from $389.00 to $386.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $365.63.

More American Express News

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

• Positive Sentiment: Strong consumer spending—particularly among affluent customers—continues to support American Express’s payment volumes and earnings outlook. Analysts also point to Wall Street wealth effects as a potential tailwind for discretionary spending. 3 Stocks to Watch as Wall Street Wealth Fuels Consumer Spending
• Positive Sentiment: American Express is expected to benefit from rising interest income, with consensus estimates calling for year-over-year earnings growth in the upcoming quarterly report. The company’s full-year 2026 EPS guidance remains $17.30 to $17.90. Will Rising Expenses Affect American Express’ Q3 Earnings?
• Positive Sentiment: The Rakuten American Express Card received a limited-edition NARUTO SHIPPUDEN design, helping refresh the card’s marketing appeal while retaining its existing cash-back rewards and benefits. Rakuten Introduces Limited Edition NARUTO SHIPPUDEN Credit Card Design
• Neutral Sentiment: American Express is developing AI-powered payment security for purchases initiated by autonomous shopping agents. The technology could support future transaction growth, but its financial impact is not yet clear. Can American Express Turn AI Commerce Into a New Growth Driver?
• Negative Sentiment: Higher operating expenses are expected to pressure margins and may offset some of the benefit from stronger spending and interest income. Zacks also indicates that AXP lacks the typical combination of factors supporting a likely earnings beat, increasing pre-earnings uncertainty. American Express Earnings Expected to Grow: Should You Buy?
• Negative Sentiment: Despite its favorable growth profile, American Express trades at a premium valuation, leaving less room for disappointment if quarterly revenue, expenses, or guidance fall short of expectations. Rising credit-card delinquencies are an additional sector risk.

American Express Stock Down 0.1%

AXP stock opened at $313.47 on Friday. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company’s 50 day simple moving average is $321.12 and its 200-day simple moving average is $325.29. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The firm has a market capitalization of $211.69 billion, a P/E ratio of 19.02, a P/E/G ratio of 1.33 and a beta of 1.08.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter in the prior year, the firm earned $4.08 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts anticipate that American Express Company will post 17.65 EPS for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.95 per share. 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 payout ratio is 23.06%.

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.