American Express Company $AXP Stake Lowered by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC trimmed its holdings in shares of American Express Company (NYSE:AXP) by 16.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 25,536 shares of the payment services company’s stock after selling 4,887 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in American Express were worth $7,766,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new position in American Express in the second quarter valued at 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. 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 acquiring an additional 3,965,582 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of American Express in the 2nd quarter valued at $1,263,787,000. 84.33% of the stock is owned by institutional investors.

American Express Stock Down 0.1%

Shares of NYSE AXP opened at $313.47 on Friday. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. 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 cap of $211.69 billion, a P/E ratio of 19.02, a P/E/G ratio of 1.34 and a beta of 1.08. The firm has a 50 day moving average price of $321.12 and a 200 day moving average price of $325.29.

American Express (NYSE:AXP – Get Free Report) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.12. The company had revenue of $14.99 billion for 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%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts expect that American Express Company will post 17.65 EPS for the current year.

American Express Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 1.2%. American Express’s dividend payout ratio is currently 23.06%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. BTIG Research decreased their price objective on American Express from $315.00 to $230.00 and set a “sell” rating for the company in a research note on Monday, September 7th. Truist Financial dropped their price objective on American Express from $375.00 to $370.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. BMO Capital Markets began coverage on American Express in a research note on Thursday, October 8th. They issued an “outperform” rating and a $380.00 target price on the stock. Finally, HSBC increased their target price on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $365.63.

Get Our Latest Stock Report on American Express

American Express News Summary

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

  • Positive Sentiment: Strong consumer spending—particularly among affluent customers—continues to support American Express’s payment volumes and earnings outlook. Analysts also point to Wall Street wealth effects as a potential tailwind for discretionary spending. 3 Stocks to Watch as Wall Street Wealth Fuels Consumer Spending
  • Positive Sentiment: American Express is expected to benefit from rising interest income, with consensus estimates calling for year-over-year earnings growth in the upcoming quarterly report. The company’s full-year 2026 EPS guidance remains $17.30 to $17.90. Will Rising Expenses Affect American Express’ Q3 Earnings?
  • Positive Sentiment: The Rakuten American Express Card received a limited-edition NARUTO SHIPPUDEN design, helping refresh the card’s marketing appeal while retaining its existing cash-back rewards and benefits. Rakuten Introduces Limited Edition NARUTO SHIPPUDEN Credit Card Design
  • Neutral Sentiment: American Express is developing AI-powered payment security for purchases initiated by autonomous shopping agents. The technology could support future transaction growth, but its financial impact is not yet clear. Can American Express Turn AI Commerce Into a New Growth Driver?
  • Negative Sentiment: Higher operating expenses are expected to pressure margins and may offset some of the benefit from stronger spending and interest income. Zacks also indicates that AXP lacks the typical combination of factors supporting a likely earnings beat, increasing pre-earnings uncertainty. American Express Earnings Expected to Grow: Should You Buy?
  • Negative Sentiment: Despite its favorable growth profile, American Express trades at a premium valuation, leaving less room for disappointment if quarterly revenue, expenses, or guidance fall short of expectations. Rising credit-card delinquencies are an additional sector risk.

About American Express

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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