Ninety One SA Pty Ltd Buys 2,486 Shares of American Express Company $AXP

Ninety One SA Pty Ltd purchased a new stake in American Express Company (NYSE:AXP) during the third quarter, according to its most recent filing with the SEC. The fund purchased 2,486 shares of the payment services company’s stock, valued at approximately $762,000.

Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of American Express during the 2nd quarter worth approximately $14,208,662,000. State Street Corp boosted 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 acquiring an additional 11,739,541 shares during the last quarter. Bank of America Corp DE grew its holdings 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 purchasing an additional 614,981 shares in the last quarter. Corient Private Wealth LP purchased a new position in shares of American Express in the second quarter valued at $253,945,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of American Express in the second quarter valued at $1,263,787,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Up 1.8%

Shares of NYSE:AXP traded up $5.54 during trading on Thursday, hitting $312.49. The company had a trading volume of 1,198,132 shares, compared to its average volume of 3,227,521. The stock has a market cap of $211.02 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The company has a fifty day simple moving average of $322.25 and a two-hundred day simple moving average of $325.22. American Express Company has a one year low of $290.97 and a one year high of $387.49.

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

American Express Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a research report on Friday, October 9th. BMO Capital Markets assumed coverage on shares of American Express in a research report on Thursday, October 8th. They set an “outperform” rating and a $380.00 price objective for the company. Morgan Stanley lowered their price objective on shares of American Express from $382.00 to $380.00 and set an “equal weight” rating for the company in a research report on Monday. Evercore set a $320.00 price objective on shares of American Express in a research note on Thursday, October 1st. Finally, UBS Group reduced their target price on shares of American Express from $384.00 to $345.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, American Express presently has a consensus rating of “Moderate Buy” and a consensus price target of $365.63.

Key Stories Impacting American Express

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

• Positive Sentiment: Value-oriented investors see upside: Harris Oakmark’s third-quarter investor letter highlighted American Express as a compelling large-cap investment, suggesting confidence in the company’s long-term earnings power and valuation. What Makes American Express a Compelling Bet?
• Positive Sentiment: Growth at a relatively modest multiple: Analysts note that American Express raised its full-year revenue outlook in its latest quarterly report, while the stock has cooled despite double-digit revenue growth. Its latest results also showed adjusted EPS of $4.53, above the $4.41 consensus, and revenue growth of 10% year over year. American Express Double-Digit Growth at a Below-Average Multiple
• Positive Sentiment: AI commerce could add a new growth avenue: American Express is developing AI-powered payment security and its “Proof of Intent” token to support agent-led purchases. If successful, the technology could reduce fraud, protect transactions and increase payment volumes as agentic checkout expands. Can American Express Turn AI Commerce Into a New Growth Driver?
• Positive Sentiment: Brokerage targets imply potential upside: American Express has a consensus price target of $365.63, well above the trading level cited in the market update, indicating that analysts collectively see room for appreciation. American Express Consensus Target Price
• Neutral Sentiment: Marketing partnership: Rakuten launched a limited-edition Naruto Shippuden design for the Rakuten American Express Card. The promotion may support customer engagement, but its direct financial effect on AXP is likely limited. Rakuten Naruto Shippuden American Express Card
• Negative Sentiment: Regulatory costs remain an overhang: Coverage highlights a recent $350 million AML fine, which could weigh on earnings, compliance expenses and investor sentiment even though American Express continues to generate strong returns on equity. American Express Stock May Sit Below Fair Value As AML Fine Lands

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.