American Express Company $AXP Stock Bought by Milestone Asset Management LLC

Milestone Asset Management LLC boosted its position in American Express Company (NYSE:AXP) by 62.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,927 shares of the payment services company’s stock after acquiring an additional 3,038 shares during the quarter. Milestone Asset Management LLC’s holdings in American Express were worth $2,411,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Benchmark started coverage on American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. JPMorgan Chase & Co. decreased their price target on shares of American Express from $400.00 to $360.00 and set an “overweight” rating on the stock in a research note on Monday. TD Cowen decreased 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 note on Tuesday, October 6th. Royal Bank Of Canada lowered their price objective on shares of American Express from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Friday, October 9th. Finally, Guggenheim initiated coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. One equities 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, American Express has an average rating of “Moderate Buy” and an average target price of $365.63.

American Express Stock Up 2.2%

AXP opened at $313.61 on Friday. The company has a market cap of $211.79 billion, a P/E ratio of 19.03, a P/E/G ratio of 1.31 and a beta of 1.08. The business’s 50-day moving average price is $321.67 and its 200-day moving average price is $325.37. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49.

American Express (NYSE:AXP) last released its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The company 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 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts expect that American Express Company will post 17.65 EPS for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders 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 yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s payout ratio is 23.06%.

American Express News Roundup

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

• Positive Sentiment: Institutional investor support: Harris Oakmark’s third-quarter 2026 investor letter identified American Express as a compelling investment, signaling confidence in the company’s brand, business quality and long-term capital appreciation potential. What Makes American Express (AXP) a Compelling Bet?
• Positive Sentiment: AI commerce opportunity: American Express is developing issuer-side tools, including “Proof of Intent” and AI-powered payment security, to authenticate purchases made by autonomous shopping agents. If successful, the technology could protect against fraud, support higher transaction volumes and create a new payments growth channel. Can American Express Turn AI Commerce Into a New Growth Driver?
• Neutral Sentiment: Marketing partnership: Rakuten launched a limited-edition Naruto Shippuden design for the Rakuten American Express Card. The promotion may improve card engagement and brand visibility, but it does not change the card’s existing rewards or represent a material near-term earnings catalyst. Rakuten Introduces Limited Edition NARUTO SHIPPUDEN Credit Card Design
• Positive Sentiment: Analyst valuation support: Brokerages reportedly have a consensus target price of $365.63, implying meaningful upside relative to the recent trading level. However, the target is forward-looking and does not eliminate regulatory risks. American Express Consensus Target Price
• Negative Sentiment: AML fine and valuation concerns: A reported $350 million anti-money-laundering fine is pressuring the investment case, raising questions about compliance costs, regulatory oversight and whether AXP’s valuation fully reflects its earnings power. American Express Stock May Sit Below Fair Value As AML Fine Lands

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.