American Express Company $AXP Shares Sold by Payden & Rygel

Payden & Rygel decreased its position in shares of American Express Company (NYSE:AXP) by 42.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,700 shares of the payment services company’s stock after selling 16,900 shares during the period. Payden & Rygel’s holdings in American Express were worth $6,903,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Flputnam Investment Management Co. purchased a new stake in American Express during the 2nd quarter worth approximately $12,879,000. State Street Corp raised 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 valued at $13,857,176,000 after purchasing an additional 11,739,541 shares in the last quarter. Evolve Private Wealth LLC acquired a new position in shares of American Express in the 2nd quarter valued at approximately $5,172,000. Silicon Valley Capital Partners boosted its stake in shares of American Express by 14.9% during the 2nd quarter. Silicon Valley Capital Partners now owns 41,480 shares of the payment services company’s stock valued at $14,030,000 after buying an additional 5,365 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of American Express during the 2nd quarter valued at approximately $11,642,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

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.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AXP. UBS Group decreased their price target on shares of American Express from $384.00 to $345.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. The Goldman Sachs Group upped their price target on shares of American Express from $400.00 to $410.00 and gave the company a “buy” rating in a report on Monday, July 6th. Barclays dropped their target price on shares of American Express from $342.00 to $340.00 and set an “equal weight” rating for the company in a research report on Monday. 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 target on the stock. Finally, Benchmark initiated coverage on shares of American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $365.19.

American Express Stock Down 1.4%

NYSE:AXP opened at $319.03 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.54 and a debt-to-equity ratio of 1.64. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The stock has a 50 day moving average of $317.18 and a 200-day moving average of $326.44. The firm has a market capitalization of $213.93 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08.

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

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be paid a dividend of $0.95 per share. 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 (DPR) is currently 21.40%.

American Express 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.