American Express Company $AXP Shares Purchased by Balefire LLC

Balefire LLC raised its holdings in shares of American Express Company (NYSE:AXP) by 86.5% during the third quarter, HoldingsChannel.com reports. The firm owned 4,216 shares of the payment services company’s stock after acquiring an additional 1,955 shares during the quarter. Balefire LLC’s holdings in American Express were worth $1,420,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of American Express during the second quarter worth approximately $14,208,662,000. State Street Corp grew 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 worth $13,857,176,000 after acquiring an additional 11,739,541 shares during the period. Bank of America Corp DE raised 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 valued at $2,695,702,000 after acquiring an additional 614,981 shares during the last quarter. Nuveen LLC lifted its stake in shares of American Express by 6.0% in the 4th quarter. Nuveen LLC now owns 5,172,484 shares of the payment services company’s stock valued at $1,913,560,000 after purchasing an additional 293,107 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of American Express by 1.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,806,554 shares of the payment services company’s stock valued at $1,778,185,000 after purchasing an additional 83,083 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Trading Up 0.0%

American Express stock traded up $0.08 during mid-day trading on Friday, hitting $308.18. 2,578,733 shares of the company’s stock were exchanged, compared to its average volume of 3,248,135. The company’s 50 day simple moving average is $325.07 and its 200-day simple moving average is $324.99. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $208.12 billion, a P/E ratio of 18.70, a PEG ratio of 1.31 and a beta of 1.08. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same period in the previous year, the firm earned $4.08 earnings per share. The company’s 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. On average, equities analysts anticipate that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors 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 annualized dividend and a dividend yield of 1.2%. American Express’s payout ratio is currently 23.06%.

Trending Headlines about American Express

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

• Positive Sentiment: BMO initiated coverage with a $380 price target, while Royal Bank of Canada maintained an Outperform rating and lowered its target from $415 to $400. Analysts cited continued growth in American Express’s premium customer base and the company’s ability to sustain revenue and earnings expansion despite intensifying competition. American Express Has More Room to Run Despite Rising Competition, Analyst Says
• Positive Sentiment: American Express launched a new corporate platform and continues investing in business and merchant tools, including guidance on how companies can use artificial intelligence. These initiatives could support corporate spending and strengthen longer-term customer relationships. American Express Launches New Corporate Platform
• Neutral Sentiment: American Express is scheduled to report quarterly results on October 23. Investors will look for evidence that premium-card growth, spending trends and earnings guidance can offset the regulatory setback. The company previously reported earnings above expectations and maintained fiscal 2026 EPS guidance of $17.30 to $17.90.
• Negative Sentiment: The Office of the Comptroller of the Currency and Federal Reserve fined American Express $350 million and issued regulatory orders over significant anti-money-laundering control failures. Regulators said inadequate resources, inexperienced personnel, weak training and internal-control gaps left approximately $13 billion in potentially suspicious activity insufficiently monitored or reported over nearly 11 years. The penalty creates a direct financial cost and raises concerns about compliance spending, reputational damage and potential additional oversight. OCC Assesses $350 Million Civil Money Penalty Against American Express

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Bank of America lifted their price objective on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. The Goldman Sachs Group increased their target price on American Express from $400.00 to $410.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Barclays reduced their target price on American Express from $364.00 to $342.00 and set an “equal weight” rating on the stock in a report on Monday. Citigroup lowered their price target 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. Finally, BMO Capital Markets began coverage on shares of American Express in a research report on Thursday. They issued an “outperform” rating and a $380.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, American Express currently has a consensus rating of “Hold” and an average price target of $364.52.

American Express 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.