American Express Company $AXP Shares Bought by N10 Wealth LLC

N10 Wealth LLC boosted its position in shares of American Express Company (NYSE:AXP) by 21.9% during the third quarter, Holdings Channel.com reports. The fund owned 18,886 shares of the payment services company’s stock after acquiring an additional 3,387 shares during the quarter. American Express accounts for 1.6% of N10 Wealth LLC’s investment portfolio, making the stock its 22nd largest holding. N10 Wealth LLC’s holdings in American Express were worth $5,743,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AXP. BlackRock Inc. bought a new position in shares of American Express in the second quarter worth approximately $14,208,662,000. State Street Corp raised its position in shares of 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 purchasing 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 purchasing an additional 614,981 shares during the period. Corient Private Wealth LP raised its position in shares of 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 purchasing an additional 3,965,582 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of American Express during the 2nd quarter valued at $1,263,787,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on AXP shares. TD Cowen dropped their target price on shares of American Express from $338.00 to $335.00 and set a “hold” rating for the company in a report on Tuesday, October 6th. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. President Capital raised their price target on American Express from $359.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. BTIG Research lowered their price objective on American Express from $315.00 to $230.00 and set a “sell” rating on the stock in a research report on Monday, September 7th. Finally, Citigroup dropped 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $365.63.

Key Stories Impacting American Express

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

American Express Price Performance

Shares of American Express stock traded down $3.96 on Wednesday, hitting $305.88. 1,102,746 shares of the company traded hands, compared to its average volume of 3,229,312. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The business has a 50-day simple moving average of $323.10 and a 200 day simple moving average of $325.17. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The stock has a market capitalization of $206.56 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08.

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

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders 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 of this dividend is Friday, October 9th. American Express’s dividend payout ratio is 23.06%.

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.