American Express Company $AXP Stock Purchased by N10 Assets LLC

N10 Assets LLC raised its position in American Express Company (NYSE:AXP) by 15.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 17,669 shares of the payment services company’s stock after purchasing an additional 2,364 shares during the period. American Express comprises approximately 2.0% of N10 Assets LLC’s portfolio, making the stock its 20th biggest holding. N10 Assets LLC’s holdings in American Express were worth $5,373,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in AXP. BlackRock Inc. acquired a new stake in American Express in the 2nd quarter valued at about $14,208,662,000. State Street Corp increased its holdings 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 acquiring an additional 11,739,541 shares in the last quarter. Bank of America Corp DE increased its holdings in 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 valued at $2,695,702,000 after acquiring an additional 614,981 shares in the last quarter. Corient Private Wealth LP increased its holdings in 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 valued at $1,613,890,000 after acquiring an additional 3,965,582 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in American Express during the second quarter worth about $1,263,787,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express News Summary

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

• Positive Sentiment: American Express introduced its “Intent Intelligence” framework to help authenticate and preserve customer authorization when artificial-intelligence agents make purchases. The initiative could strengthen Amex’s role in emerging “agentic commerce” by reducing unauthorized transactions, disputes and fraud risks. American Express Publishes Intent Intelligence Framework for Trusted Agentic Commerce
• Positive Sentiment: Analysts remain broadly constructive on American Express, with the reported consensus price target at $365.63. JPMorgan maintained an “overweight” rating and a $360 target, implying meaningful upside from recent trading levels, although it reduced its target from $400. American Express Company Stock Has Consensus Target Price of $365.63 According to Brokerages
• Positive Sentiment: Recent analysis highlights double-digit revenue growth and a below-average earnings multiple. American Express also raised its full-year revenue outlook in its latest quarterly report, supporting the case that the stock’s decline may have created a more attractive valuation for long-term investors. American Express Double-Digit Growth at a Below-Average Multiple
• Neutral Sentiment: American Express was named title sponsor of the inaugural Hong Kong Sail Grand Prix. The deal may support brand visibility and premium-card marketing, but its direct financial impact is unlikely to be material. American Express Named Title Sponsor of Inaugural Hong Kong Sail Grand Prix
• Negative Sentiment: The $350 million AML fine has shifted investor focus to regulatory compliance, potentially pressuring margins and raising questions about whether American Express’s returns on capital justify its valuation after a strong three-year share-price gain. American Express Stock May Sit Below Fair Value As AML Fine Lands

Analyst Upgrades and Downgrades

AXP has been the topic of several recent research reports. Guggenheim started coverage on shares of American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. dropped their price objective on shares of American Express from $400.00 to $360.00 and set an “overweight” rating for the company in a research note on Monday. Jefferies Financial Group raised shares of American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. HSBC lifted their price objective on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Express in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $365.63.

American Express Trading Down 1.2%

Shares of NYSE AXP traded down $3.67 during midday trading on Wednesday, reaching $306.17. 1,086,053 shares of the stock were exchanged, compared to its average volume of 3,229,312. The company has a market capitalization of $206.76 billion, a P/E ratio of 18.57, a P/E/G ratio of 1.34 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. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The stock has a 50 day moving average price of $323.10 and a 200-day moving average price of $325.17.

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

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be given a $0.95 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. American Express’s payout ratio is currently 23.06%.

American Express Company Profile

American Express Company (NYSE: AXP) is a global financial services company that provides payment, lending, travel and related products to consumers, small businesses and corporate customers. Its offerings include consumer and business charge and credit cards, payment solutions, commercial financing, deposit products and rewards programs.

American Express also operates a worldwide merchant network and provides businesses with payment acceptance services, transaction-processing capabilities and data-driven marketing solutions.