North Dakota State Investment Board lowered its holdings in American Express Company (NYSE:AXP – Free Report) by 89.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,206 shares of the payment services company’s stock after selling 136,787 shares during the period. North Dakota State Investment Board’s holdings in American Express were worth $4,928,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the business. North Star Investment Management Corp. grew its stake in American Express by 14.7% during the 3rd quarter. North Star Investment Management Corp. now owns 5,579 shares of the payment services company’s stock valued at $1,697,000 after acquiring an additional 715 shares in the last quarter. Stockman Wealth Management Inc. increased its holdings in shares of American Express by 3.5% in the 3rd quarter. Stockman Wealth Management Inc. now owns 50,288 shares of the payment services company’s stock valued at $15,293,000 after purchasing an additional 1,710 shares during the period. Sigma Investment Counselors Inc. increased its holdings in shares of American Express by 29.1% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 3,376 shares of the payment services company’s stock valued at $1,027,000 after purchasing an additional 760 shares during the period. William Mack & Associates Inc. purchased a new stake in shares of American Express in the third quarter worth approximately $86,000. Finally, Victory Financial Group LLC lifted its position in shares of American Express by 31.5% in the third quarter. Victory Financial Group LLC now owns 2,229 shares of the payment services company’s stock worth $678,000 after purchasing an additional 534 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.
Key Stories Impacting American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: American Express reported third-quarter adjusted EPS of $4.68, ahead of the $4.50 consensus estimate, while revenue increased 8.9% year over year to $20.06 billion. The company also maintained or raised its 2026 EPS outlook to $17.60–$17.90, supporting the investment case. Is AmEx Stock a Buy After Q3 Earnings Beat? Premium Appeal Shines
- Positive Sentiment: Analysts and investors continue to highlight AXP’s valuable brand, affluent customer base, strong cash flow and premium spending trends. Some commentary suggests the stock may be below fair value relative to its earnings power and returns on capital. American Express Stock Looks Below Fair Value On Earnings Strength
- Positive Sentiment: JPMorgan raised its price target for American Express, providing additional support for the stock following the earnings report. American Express Stock Gets Price Target Boost from JPMorgan Chase
- Neutral Sentiment: Analyst opinion remains mixed: Morgan Stanley assigned a Hold rating, while other coverage is more constructive. This limits the immediate bullish impact of the earnings beat. Morgan Stanley Issues a Hold Rating on American Express
- Negative Sentiment: Investors remain concerned about rising benefit and operating costs, softer commercial-card growth and the stock’s broader 2026 underperformance despite record earnings. American Express is also exposed to higher interest rates, falling asset prices and rising unemployment among high-income consumers. Reasons American Express Stock Is Having Its Worst Year Since 2015 Despite Record Earnings
- Negative Sentiment: The planned elimination of 3,500 jobs and $336 million restructuring charge to support artificial-intelligence integration could weigh on near-term results, even though management expects longer-term efficiency benefits. American Express to Cut 3,500 Jobs in Restructuring
Wall Street Analysts Forecast Growth
Several analysts recently commented on AXP shares. Barclays decreased their price target on shares of American Express from $342.00 to $340.00 and set an “equal weight” rating for the company in a report on Monday. The Goldman Sachs Group upped their price objective on shares of American Express from $400.00 to $410.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Loop Capital cut their target price on shares of American Express from $389.00 to $386.00 and set a “buy” rating for the company in a research report on Monday, July 27th. William Blair reiterated an “outperform” rating on shares of American Express in a research report on Friday, October 23rd. Finally, Jefferies Financial Group reissued a “hold” rating and set a $330.00 target price on shares of American Express in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $365.19.
Get Our Latest Report on American Express
American Express Stock Performance
Shares of NYSE AXP opened at $318.38 on Thursday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.65 and a quick ratio of 1.54. American Express Company has a one year low of $290.97 and a one year high of $387.49. The business’s 50-day moving average price is $317.76 and its two-hundred day moving average price is $326.90. The company has a market capitalization of $215.00 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 1.33 and a beta of 1.08.
American Express (NYSE:AXP – Get Free Report) last posted 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 return on equity of 34.19% and a net margin of 15.80%. The company had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $20.12 billion. During the same period last year, the business earned $4.14 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Analysts anticipate that American Express Company will post 17.73 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. Investors of record on Friday, October 9th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. American Express’s payout ratio is presently 21.40%.
About American Express
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.
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