American Express Company $AXP Holdings Trimmed by Simplicity Wealth LLC

Simplicity Wealth LLC cut its stake in American Express Company (NYSE:AXP) by 83.0% in the third quarter, HoldingsChannel reports. The fund owned 6,366 shares of the payment services company’s stock after selling 31,096 shares during the period. Simplicity Wealth LLC’s holdings in American Express were worth $1,936,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AXP. BlackRock Inc. bought a new stake in American Express during the 2nd quarter worth about $14,208,662,000. State Street Corp lifted its position in 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 valued at $13,857,176,000 after purchasing an additional 11,739,541 shares during the period. Bank of America Corp DE grew its position 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 buying an additional 614,981 shares during the period. Corient Private Wealth LP grew its position in shares of American Express by 492.2% during 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 buying 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 during the second quarter worth approximately $1,263,787,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting American Express

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

• Positive Sentiment: American Express reported third-quarter adjusted earnings of $4.68 per share, exceeding consensus estimates, while management highlighted strong premium-card spending, travel and entertainment activity, and higher net card fees. American Express’s Q3 earnings call: our top 5 analyst questions
• Positive Sentiment: Management raised its 2026 earnings outlook, with full-year EPS guidance of $17.60 to $17.90, supported by premium customer growth, increasing annual card fees and resilient spending. AXP Q3 Earnings Call Highlights Guidance Hike and AI Strategy
• Positive Sentiment: JPMorgan raised its price target to $365 from $360 and maintained an Overweight rating, indicating continued confidence in American Express’s earnings and fee-growth outlook. JPMorgan American Express price-target update
• Positive Sentiment: Analysts and market commentary continue to view American Express as a long-term beneficiary of expanding digital payments, global transaction volumes and accelerating card-fee growth. Visa, Mastercard, or American Express: Which Payment Stock Is the Better Buy?
• Neutral Sentiment: American Express is expanding its use of artificial intelligence, while its CEO said AI may make rewards programs easier for customers to exploit but could also give issuers better tools to manage benefits. AmEx CEO Says AI Could Make Credit Card Rewards Easier to Game
• Negative Sentiment: Revenue was broadly in line with expectations in some reports but below estimates in others, despite year-over-year growth, tempering the earnings beat. Investors are also monitoring restructuring charges, legal expenses and a regulatory civil penalty. AXP Q3 deep dive: premium growth drivers and AI investments amid competitive headwinds
• Negative Sentiment: Barclays lowered its price target after the results, highlighting potential pressure from expenses, competition and the company’s AI-related restructuring investment. Analysts revise forecasts on American Express after Q3 results

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AXP shares. Barclays cut their price objective on shares of American Express from $342.00 to $340.00 and set an “equal weight” rating on the stock in a report on Monday. William Blair reiterated an “outperform” rating on shares of American Express in a research report on Friday. TD Cowen cut their price target on American Express from $338.00 to $335.00 and set a “hold” rating on the stock in a research note on Tuesday, October 6th. Benchmark started coverage on American Express in a research note on Monday, July 13th. They issued a “buy” rating on the stock. Finally, Jefferies Financial Group restated a “hold” rating and issued a $330.00 price target on shares of American Express in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $365.00.

American Express Stock Up 0.6%

Shares of NYSE:AXP opened at $315.04 on Tuesday. The company has a 50 day moving average price of $319.16 and a two-hundred day moving average price of $327.89. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.54 and a current ratio of 1.65. The company has a market capitalization of $212.75 billion, a PE ratio of 18.40, a PEG ratio of 1.33 and a beta of 1.08. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, topping analysts’ consensus estimates of $4.50 by $0.18. American Express had a net margin of 15.80% and a return on equity of 34.19%. The company had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $20.12 billion. During the same period last year, the firm posted $4.14 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Analysts forecast that American Express Company will post 17.65 earnings per share for the current year.

American Express Dividend Announcement

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

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.