State of Michigan Retirement System Sells 3,700 Shares of American Express Company $AXP

State of Michigan Retirement System decreased its holdings in American Express Company (NYSE:AXP) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,777 shares of the payment services company’s stock after selling 3,700 shares during the period. State of Michigan Retirement System’s holdings in American Express were worth $48,753,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Elyxium Wealth LLC lifted its holdings in American Express by 1.6% in the 3rd quarter. Elyxium Wealth LLC now owns 3,467 shares of the payment services company’s stock worth $1,152,000 after purchasing an additional 53 shares in the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of American Express by 3.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 68,933 shares of the payment services company’s stock valued at $22,897,000 after buying an additional 2,395 shares during the last quarter. Coston McIsaac & Partners lifted its holdings in shares of American Express by 249.9% in the third quarter. Coston McIsaac & Partners now owns 1,256 shares of the payment services company’s stock worth $417,000 after buying an additional 897 shares in the last quarter. MONECO Advisors LLC boosted its position in shares of American Express by 4.9% during the third quarter. MONECO Advisors LLC now owns 2,237 shares of the payment services company’s stock worth $743,000 after acquiring an additional 104 shares during the last quarter. Finally, Bond & Devick Financial Network Inc. grew its stake in American Express by 1.1% during the third quarter. Bond & Devick Financial Network Inc. now owns 4,170 shares of the payment services company’s stock valued at $1,385,000 after acquiring an additional 46 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barclays boosted their price target on shares of American Express from $355.00 to $367.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. reduced their target price on American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Wall Street Zen lowered American Express from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. DZ Bank raised American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective on the stock in a research note on Tuesday, October 21st. Finally, Morgan Stanley set a $395.00 price objective on American Express in a report on Tuesday, January 20th. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $353.05.

Insider Transactions at American Express

In other American Express news, insider Anna Marrs sold 27,425 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $350.01, for a total value of $9,599,024.25. Following the completion of the sale, the insider owned 20,394 shares of the company’s stock, valued at $7,138,103.94. This trade represents a 57.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Denise Pickett sold 23,385 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $356.91, for a total value of $8,346,340.35. Following the transaction, the insider directly owned 7,754 shares in the company, valued at approximately $2,767,480.14. This represents a 75.10% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.20% of the company’s stock.

Key American Express News

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

• Positive Sentiment: Truist reaffirmed a Buy on AXP, citing the company’s underlying growth despite rising costs after Q4 — this supports upside expectations from analysts who focus on AmEx’s margin and card‑member trends. Truist Maintains Buy Rating on American Express
• Positive Sentiment: AmEx launched a Flexible Payment Option for small businesses (instant line of credit), which can expand payment volume and merchant relationships — a growth catalyst for loan receivables and fees. AmEx Debuts Flexible Payments for Small Businesses
• Positive Sentiment: Analysts and commentators are reassessing AXP’s valuation after double‑digit revenue and earnings growth in the latest quarter and a FY‑2026 EPS guide that implies upside vs. some street estimates. That narrative supports the current uptick. Assessing American Express (AXP) Valuation After Strong Double Digit Revenue And Earnings Growth
• Neutral Sentiment: Multiple news services report that brokerages’ consensus rating is Hold, reflecting mixed views — steady fundamentals but limited near‑term upside per some firms. American Express Company (NYSE:AXP) Receives Consensus Rating of “Hold” from Brokerages
• Neutral Sentiment: Robert W. Baird and other outlets reiterate cautious/hold stances; analysts remain broadly optimistic on long‑term cash flows but cautious on near‑term multiples. Robert W. Baird Keeps Their Hold Rating on American Express (AXP)
• Neutral Sentiment: Market commentary and comparisons (e.g., GBOOY vs AXP) keep AXP on investors’ radar for relative value, but don’t shift consensus decisively. GBOOY or AXP: Which Is the Better Value Stock Right Now?
• Negative Sentiment: A Fool.com piece questions whether AXP is a buy given recent underperformance versus the broader market, a narrative that can cap enthusiasm and limit multiple expansion. Is American Express a Buy, Sell, or Hold in 2026?

American Express Price Performance

Shares of American Express stock opened at $359.26 on Friday. The stock has a market cap of $247.48 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.66 and a current ratio of 1.68. The stock has a 50 day moving average price of $368.52 and a 200-day moving average price of $345.13. American Express Company has a one year low of $220.43 and a one year high of $387.49.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). American Express had a return on equity of 33.49% and a net margin of 15.00%.The company had revenue of ($17,139.00) million during the quarter, compared to the consensus estimate of $18.91 billion. During the same quarter in the prior year, the business earned $3.04 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 2nd will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, January 2nd. American Express’s dividend payout ratio is presently 21.31%.

American Express Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.