American Express Company $AXP Stock Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. cut its position in American Express Company (NYSE:AXP) by 18.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,590 shares of the payment services company’s stock after selling 7,520 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in American Express were worth $9,911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Flputnam Investment Management Co. acquired a new stake in American Express in the second quarter valued at $12,879,000. State Street Corp increased its position in shares of American Express by 40.2% in 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 purchasing an additional 11,739,541 shares during the last quarter. Evolve Private Wealth LLC bought a new stake in shares of American Express in the 2nd quarter worth about $5,172,000. Silicon Valley Capital Partners lifted its position in shares of American Express by 14.9% during the second quarter. Silicon Valley Capital Partners now owns 41,480 shares of the payment services company’s stock worth $14,030,000 after purchasing an additional 5,365 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of American Express during the second quarter worth about $11,642,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AXP shares. Loop Capital cut their price target on American Express from $389.00 to $386.00 and set a “buy” rating on the stock in a report on Monday, July 27th. William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Friday, October 23rd. Guggenheim initiated coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating for the company. Morgan Stanley decreased their target price 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, October 12th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $330.00 price target on shares of American Express in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, American Express currently has an average rating of “Moderate Buy” and an average price target of $365.19.

American Express Stock Down 0.0%

Shares of AXP stock opened at $319.03 on Monday. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The firm has a market cap of $213.93 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 1.35 and a beta of 1.09. The stock has a 50 day moving average of $317.18 and a 200-day moving average of $326.44.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.50 by $0.18. American Express had a net margin of 15.80% and a return on equity of 34.19%. The company had revenue of $20.06 billion for the quarter, compared to analyst estimates of $20.12 billion. During the same period last year, the business posted $4.14 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, equities analysts predict that American Express Company will post 17.88 EPS for the current year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, October 9th. American Express’s dividend payout ratio is presently 21.40%.

Key American Express News

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

• Positive Sentiment: American Express introduced a new redemption option allowing eligible consumer and business cash-back cardmembers to deposit Reward Dollars into American Express High Yield Savings Accounts and Business Checking Accounts. The feature could improve customer retention, deepen relationships across the company’s card and banking products, and support deposit growth. American Express Connects Cash Back to High Yield Savings Accounts and Business Checking Accounts
• Positive Sentiment: The launch of Canada’s first Hilton Honors American Express co-branded card expands the company’s international partnership with Hilton and could generate additional spending, fees, and customer acquisition. American Express and Hilton Launch Canada’s First Hilton Honors Credit Card
• Positive Sentiment: American Express benefited from positive payments-sector sentiment after Mastercard reported better-than-expected revenue and earnings, although the effect may be temporary. Mastercard Rises on Revenue and EPS Beat
• Neutral Sentiment: American Express issued $1.5 billion of fixed-to-floating-rate notes carrying a 5.447% rate. The financing provides capital, but increases interest expense and leverage exposure. American Express Issues New Fixed-to-Floating Rate Notes
• Neutral Sentiment: Analyst coverage remains mixed. Commentary favors Mastercard for faster growth, more diversified revenue, and lower credit risk, while other coverage highlights AXP’s strong profitability, revenue growth, share repurchases, and Berkshire Hathaway’s sizable stake.
• Negative Sentiment: A U.S. Bank risk executive is reportedly moving to American Express as the company deals with regulatory penalties related to anti-money-laundering compliance failures. The leadership addition may strengthen risk controls, but the penalties and compliance scrutiny create reputational and cost risks. U.S. Bank Risk Chief Heads to Amex
• Negative Sentiment: Relative-value analysis argues that Mastercard currently offers better growth prospects and lower credit risk than American Express, potentially limiting investor enthusiasm for AXP despite its lower valuation.

American Express Company Profile

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.