American Express Company $AXP Shares Newly Bought by Reliant Investment Management LLC

Reliant Investment Management LLC purchased a new stake in American Express Company (NYSE:AXP) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 26,556 shares of the payment services company’s stock, valued at approximately $8,076,000. American Express makes up approximately 2.8% of Reliant Investment Management LLC’s holdings, making the stock its 14th biggest holding.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of American Express during the second quarter valued at approximately $14,208,662,000. State Street Corp lifted its position in shares of American Express by 40.2% in the second 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 lifted its position in shares of American Express by 8.4% in the second 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 lifted its position in shares of American Express by 492.2% in the second 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 purchased a new position in shares of American Express in the second quarter valued at approximately $1,263,787,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express News Roundup

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

• Positive Sentiment: American Express is developing an “Intent Intelligence” framework and “Proof of Intent” token to help ensure AI agents complete only authorized purchases. If adopted broadly, the technology could reduce fraud and disputes, support safer agentic commerce and increase payment volumes. American Express Publishes Intent Intelligence Framework for Trusted Agentic Commerce
• Positive Sentiment: Analysts cited in recent coverage see a consensus price target of approximately $365.63, implying upside from recent trading levels. Other commentary highlights double-digit growth and a below-average valuation multiple, while the company has raised its full-year revenue outlook. American Express Consensus Target Price
• Neutral Sentiment: American Express was named title sponsor of the inaugural Hong Kong Sail Grand Prix. The agreement may strengthen brand visibility and customer engagement, but its direct financial impact is likely limited. American Express Named Title Sponsor of Hong Kong Sail Grand Prix
• Neutral Sentiment: Analyst views remain mixed: some see attractive growth at the current multiple, while others question whether the stock price fully reflects the returns generated by the business. This divergence could limit near-term momentum. Analysts Conflicted on American Express
• Negative Sentiment: A reported $350 million AML fine is weighing on the investment case. The penalty raises concerns about compliance costs, regulatory oversight and potential reputational damage, and is a key reason investors may view AXP as below fair value despite its earnings growth. American Express Stock May Sit Below Fair Value as AML Fine Lands

Wall Street Analyst Weigh In

AXP has been the topic of a number of research analyst reports. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Citigroup reduced their price objective on American Express from $355.00 to $340.00 and set a “neutral” rating for the company in a research note on Wednesday, September 30th. TD Cowen reduced their price objective on American Express from $338.00 to $335.00 and set a “hold” rating for the company in a research note on Tuesday, October 6th. Bank of America raised their price objective on American Express from $387.00 to $391.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, BMO Capital Markets assumed coverage on American Express in a report on Thursday, October 8th. They issued an “outperform” rating and a $380.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $365.63.

American Express Stock Down 1.1%

Shares of NYSE AXP opened at $306.57 on Thursday. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The stock has a market cap of $207.03 billion, a PE ratio of 18.60, a P/E/G ratio of 1.34 and a beta of 1.08. 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 company has a 50-day moving average of $322.25 and a 200 day moving average of $325.22.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company 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. American Express’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, sell-side analysts predict that American Express Company will post 17.65 EPS 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 given a $0.95 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. American Express’s dividend payout ratio is 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.