7,002 American Express Company $AXP Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its stake in American Express Company (NYSE:AXP) by 3.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 201,838 shares of the payment services company’s stock after selling 7,002 shares during the quarter. ProShare Advisors LLC’s holdings in American Express were worth $61,379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AXP. Vise Technologies Inc. purchased a new position in American Express in the 3rd quarter worth about $13,674,000. Global Assets Advisory LLC lifted its stake in American Express by 5.9% during the third quarter. Global Assets Advisory LLC now owns 2,955 shares of the payment services company’s stock valued at $897,000 after buying an additional 165 shares in the last quarter. Summit Global Investments boosted its holdings in shares of American Express by 76.7% in the third quarter. Summit Global Investments now owns 3,136 shares of the payment services company’s stock worth $954,000 after buying an additional 1,361 shares during the period. Invera Wealth Advisors LLC raised its holdings in shares of American Express by 9.8% during the third quarter. Invera Wealth Advisors LLC now owns 1,252 shares of the payment services company’s stock valued at $381,000 after acquiring an additional 112 shares during the period. Finally, MGO One Seven LLC raised its holdings in shares of American Express by 1.6% during the third quarter. MGO One Seven LLC now owns 19,691 shares of the payment services company’s stock valued at $5,988,000 after acquiring an additional 313 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AXP. Weiss Ratings upgraded shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 26th. Citigroup lowered their price objective on shares of American Express from $340.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 27th. Bank of America boosted their target price on shares of American Express from $387.00 to $391.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. TD Cowen reduced their target price on American Express from $338.00 to $335.00 and set a “hold” rating for the company in a report on Tuesday, October 6th. Finally, Guggenheim started coverage on American Express in a research report on Monday, July 13th. They issued a “buy” rating for the company. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $365.19.

American Express Price Performance

NYSE AXP opened at $319.03 on Monday. The company has a 50 day simple moving average of $317.18 and a 200-day simple moving average of $326.44. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $213.93 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 1.35 and a beta of 1.09. 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 data on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, beating analysts’ consensus estimates of $4.50 by $0.18. The firm had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period 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 research analysts predict that American Express Company will post 17.88 earnings per share for the current fiscal year.

American Express Announces Dividend

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

Key American Express News

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

• Positive Sentiment: American Express introduced a new redemption option allowing eligible consumer and business cash-back cardmembers to deposit Reward Dollars into American Express High Yield Savings Accounts and Business Checking Accounts. The feature could improve customer retention, deepen relationships across the company’s card and banking products, and support deposit growth. American Express Connects Cash Back to High Yield Savings Accounts and Business Checking Accounts
• Positive Sentiment: The launch of Canada’s first Hilton Honors American Express co-branded card expands the company’s international partnership with Hilton and could generate additional spending, fees, and customer acquisition. American Express and Hilton Launch Canada’s First Hilton Honors Credit Card
• Positive Sentiment: American Express benefited from positive payments-sector sentiment after Mastercard reported better-than-expected revenue and earnings, although the effect may be temporary. Mastercard Rises on Revenue and EPS Beat
• Neutral Sentiment: American Express issued $1.5 billion of fixed-to-floating-rate notes carrying a 5.447% rate. The financing provides capital, but increases interest expense and leverage exposure. American Express Issues New Fixed-to-Floating Rate Notes
• Neutral Sentiment: Analyst coverage remains mixed. Commentary favors Mastercard for faster growth, more diversified revenue, and lower credit risk, while other coverage highlights AXP’s strong profitability, revenue growth, share repurchases, and Berkshire Hathaway’s sizable stake.
• Negative Sentiment: A U.S. Bank risk executive is reportedly moving to American Express as the company deals with regulatory penalties related to anti-money-laundering compliance failures. The leadership addition may strengthen risk controls, but the penalties and compliance scrutiny create reputational and cost risks. U.S. Bank Risk Chief Heads to Amex
• Negative Sentiment: Relative-value analysis argues that Mastercard currently offers better growth prospects and lower credit risk than American Express, potentially limiting investor enthusiasm for AXP despite its lower valuation.

American Express 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.