TD Waterhouse Canada Inc. Sells 27,376 Shares of American Express Company $AXP

TD Waterhouse Canada Inc. lowered its stake in shares of American Express Company (NYSE:AXP) by 7.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 337,931 shares of the payment services company’s stock after selling 27,376 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in American Express were worth $104,159,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of American Express in the second quarter worth about $14,208,662,000. State Street Corp increased its stake in American Express by 40.2% in the second 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 boosted its stake in 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 worth $2,695,702,000 after buying an additional 614,981 shares in the last quarter. Corient Private Wealth LP lifted its stake in American Express by 492.2% in the second quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company’s stock worth $1,613,890,000 after purchasing an additional 3,965,582 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in American Express during the 2nd quarter worth approximately $1,263,787,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

NYSE AXP traded down $0.40 during trading hours on Friday, hitting $313.47. 3,387,759 shares of the company’s stock traded hands, compared to its average volume of 3,438,562. The business’s fifty day moving average price is $321.12 and its two-hundred day moving average price is $325.29. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The firm has a market capitalization 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. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49.

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

American Express Dividend Announcement

The firm also recently declared 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. This represents a $3.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 9th. American Express’s payout ratio is currently 23.06%.

Analysts Set New Price Targets

Several research firms have recently issued reports on AXP. Piper Sandler boosted their target price on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. TD Cowen reduced their price target on shares of American Express from $338.00 to $335.00 and set a “hold” rating on the stock in a research report on Tuesday, October 6th. Citigroup lowered their price objective on shares of American Express from $355.00 to $340.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Jefferies Financial Group upgraded American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Finally, BTIG Research decreased their target price on shares of American Express from $315.00 to $230.00 and set a “sell” rating for the company in a research note on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $365.63.

Key American Express News

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.

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.