SCS Capital Management LLC Purchases New Stake in American Express Company $AXP

SCS Capital Management LLC purchased a new stake in American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,429 shares of the payment services company’s stock, valued at approximately $3,189,000.

A number of other hedge funds have also recently bought and sold shares of AXP. Norges Bank purchased a new position in American Express during the 4th quarter worth $2,464,215,000. Bank of New York Mellon Corp bought a new stake in shares of American Express during the 2nd quarter worth $1,263,787,000. Capital World Investors raised its stake in shares of American Express by 46.7% during the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after purchasing an additional 2,393,340 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of American Express by 350.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,236,438 shares of the payment services company’s stock worth $373,998,000 after purchasing an additional 961,698 shares during the period. Finally, Pictet Asset Management Holding SA raised its stake in shares of American Express by 73.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,451,606 shares of the payment services company’s stock worth $438,975,000 after purchasing an additional 616,498 shares during the period. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express News Roundup

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

• Positive Sentiment: Expanded corporate payments capabilities: American Express is embedding virtual cards more deeply into its U.S. commercial-payment tools, including the @ Work platform and Conferma for business travel. The strategy could improve security, simplify expense management and increase customer retention, strengthening Amex’s competitive position in premium corporate payments. Is American Express’ Expanded Virtual Cards Strategy Deepening Its Corporate Moat in Premium Payments?
• Positive Sentiment: New St Andrews partnership: American Express became the official payments partner of St Andrews Links, expanding its sports and lifestyle marketing platform. The agreement may support international brand visibility, card-member engagement and premium travel-related spending, though the near-term financial impact is likely limited. American Express and St Andrews Links Trust Announce Partnership
• Positive Sentiment: Premium-card momentum and younger customers: A profile of CEO Steve Squeri highlights Amex’s success attracting millennials and Generation Z to high-fee products such as the Platinum card. Continued acceptance of premium annual fees would support spending growth, fee revenue and the company’s long-term brand positioning. The American Express CEO Defied Haters
• Neutral Sentiment: Upcoming investor presentation: Management will participate in the Barclays Global Financial Services Conference on September 16. Investors may receive updated commentary on spending trends, credit quality and 2026 guidance, but no new information was announced today. American Express to Participate in Barclays Global Financial Services Conference
• Neutral Sentiment: Limited indirect items: American Express is included among the holdings of US Financial 15 Split Corp., while Berkshire Hathaway’s portfolio is becoming more concentrated in Dow components. These developments offer little direct information about AXP’s fundamentals or valuation.

American Express Trading Up 0.4%

Shares of American Express stock traded up $1.38 on Wednesday, hitting $339.90. The stock had a trading volume of 2,538,525 shares, compared to its average volume of 3,294,725. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a one year low of $290.97 and a one year high of $387.49. The stock has a market cap of $229.54 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.38 and a beta of 1.04. The stock’s 50-day simple moving average is $342.20 and its two-hundred day simple moving average is $327.04.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter last year, the business earned $4.08 earnings per share. The business’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. As a group, sell-side analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.1%. American Express’s dividend payout ratio (DPR) is currently 23.06%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Guggenheim assumed coverage on American Express in a research note on Monday, July 13th. They issued a “buy” rating on the stock. TD Cowen boosted their price objective on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. UBS Group lowered their price objective on American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Barclays boosted their price objective on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Finally, Evercore set a $370.00 price target on American Express in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $373.32.

About American Express

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.