American Express Company $AXP Shares Purchased by Everhart Financial Group Inc.

Everhart Financial Group Inc. boosted its stake in American Express Company (NYSE:AXP) by 45.6% in the 3rd quarter, Holdings Channel reports. The firm owned 7,581 shares of the payment services company’s stock after buying an additional 2,373 shares during the quarter. Everhart Financial Group Inc.’s holdings in American Express were worth $2,305,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Archer Investment Corp bought a new position in American Express during the second quarter worth about $25,000. Elevation Wealth Partners LLC boosted its stake in American Express by 78.8% in the third quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock valued at $28,000 after acquiring an additional 41 shares during the last quarter. Frazier Financial Advisors LLC boosted its stake in shares of American Express by 66.7% during the 1st quarter. Frazier Financial Advisors LLC now owns 100 shares of the payment services company’s stock valued at $30,000 after purchasing an additional 40 shares in the last quarter. Evolution Wealth Management Inc. raised its holdings in American Express by 58.2% in the first quarter. Evolution Wealth Management Inc. now owns 106 shares of the payment services company’s stock worth $32,000 after purchasing an additional 39 shares in the last quarter. Finally, Whipplewood Advisors LLC grew its holdings in American Express by 2,550.0% in the first quarter. Whipplewood Advisors LLC now owns 106 shares of the payment services company’s stock worth $32,000 after purchasing an additional 102 shares during the period. 84.33% of the stock is currently owned by institutional investors.

American Express News Summary

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

• Positive Sentiment: Corporate spending expansion: American Express launched an integrated Corporate Cashback platform combining new cards, expense-management software and AI tools for spending controls and reporting. The company also said its cards are accepted at more than 190 million locations worldwide, supporting potential volume and fee growth. American Express Rolls Out Corporate Cashback Platform
• Positive Sentiment: Opportunity in AI-enabled commerce: Amex is advising merchants on preparing for consumers who use artificial-intelligence agents to compare and purchase products. Its proposed support for transactions that go wrong could help build trust and strengthen Amex’s role in emerging commerce channels. Amex advises businesses on AI
• Positive Sentiment: Premium customer engagement: The planned expansion of the Newark Centurion Lounge and Amex’s Hong Kong Wine & Dine sponsorship reinforce its premium travel and lifestyle ecosystem, potentially supporting card acquisition and retention. Amex Supersizes Newark Airport Centurion Lounge
• Positive Sentiment: Dividend appeal: Investors must own the stock by October 9 to qualify for the November 10 dividend, highlighting AXP’s appeal as an income-and-growth holding despite its relatively modest yield. American Express Dividend Article
• Neutral Sentiment: Heightened attention: AXP is trending among Zacks users, but the coverage mainly recaps existing fundamentals rather than identifying a new business catalyst. AXP Is a Trending Stock
• Neutral Sentiment: Analyst stance: UBS maintained a Hold rating, suggesting limited near-term conviction at current valuation levels. UBS Keeps Their Hold Rating
• Negative Sentiment: AI execution and liability risks: Amex’s agentic-commerce initiative may require the company to absorb losses when autonomous transactions fail, creating uncertainty around costs, fraud exposure and profitability. Rising demand for Centurion Lounges may also require substantial investment.

American Express Price Performance

American Express stock traded down $0.43 during midday trading on Thursday, reaching $303.82. 1,322,388 shares of the company were exchanged, compared to its average volume of 3,230,448. The firm’s 50-day simple moving average is $325.66 and its 200-day simple moving average is $324.90. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The company has a market capitalization of $205.17 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 1.31 and a beta of 1.08. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.

American Express (NYSE:AXP) last announced 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. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter in the previous year, the company posted $4.08 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts anticipate that American Express Company will post 17.66 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. Shareholders of record on Friday, October 9th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s dividend payout ratio is presently 23.06%.

Analyst Ratings Changes

Several research firms recently weighed in on AXP. Morgan Stanley cut their target price on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a research note on Monday, July 27th. BTIG Research reduced their target price 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. DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective for the company in a research note on Thursday, June 18th. Loop Capital reduced their price target on shares of American Express from $389.00 to $386.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Finally, Citigroup dropped their target price 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. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $364.50.

About American Express

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.