Robertson Stephens Wealth Management LLC Sells 2,765 Shares of American Express Company $AXP

Robertson Stephens Wealth Management LLC lowered its holdings in American Express Company (NYSE:AXP) by 10.7% during the third quarter, HoldingsChannel.com reports. The fund owned 22,976 shares of the payment services company’s stock after selling 2,765 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in American Express were worth $7,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of AXP. Frank Rimerman Advisors LLC grew its stake in American Express by 22.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 18,142 shares of the payment services company’s stock worth $5,517,000 after buying an additional 3,366 shares during the last quarter. Birch Hill Investment Advisors LLC increased its position in American Express by 6,378.6% in the third quarter. Birch Hill Investment Advisors LLC now owns 145,769 shares of the payment services company’s stock worth $44,328,000 after buying an additional 143,519 shares during the period. Alpine Bank Wealth Management increased its position in American Express by 4.3% in the third quarter. Alpine Bank Wealth Management now owns 5,679 shares of the payment services company’s stock worth $1,778,000 after buying an additional 234 shares during the period. KRS Capital Management LLC increased its position in American Express by 28.1% in the third quarter. KRS Capital Management LLC now owns 7,202 shares of the payment services company’s stock worth $2,190,000 after buying an additional 1,579 shares during the period. Finally, Kintegral Advisory LLC lifted its stake in American Express by 17.2% in the third quarter. Kintegral Advisory LLC now owns 45,249 shares of the payment services company’s stock valued at $15,167,000 after buying an additional 6,652 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

AXP has been the subject of several analyst reports. UBS Group reduced their price target on shares of American Express from $384.00 to $345.00 and set a “neutral” rating for the company in a report on Monday, October 5th. HSBC upped their price target on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Bank of America increased their price objective on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Guggenheim began coverage on shares of American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. Finally, Truist Financial cut their price objective on shares of American Express from $375.00 to $370.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen 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 “Moderate Buy” and a consensus target price of $365.63.

American Express News Summary

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

• Positive Sentiment: Strong consumer spending—particularly among affluent customers—continues to support American Express’s payment volumes and earnings outlook. Analysts also point to Wall Street wealth effects as a potential tailwind for discretionary spending. 3 Stocks to Watch as Wall Street Wealth Fuels Consumer Spending
• Positive Sentiment: American Express is expected to benefit from rising interest income, with consensus estimates calling for year-over-year earnings growth in the upcoming quarterly report. The company’s full-year 2026 EPS guidance remains $17.30 to $17.90. Will Rising Expenses Affect American Express’ Q3 Earnings?
• Positive Sentiment: The Rakuten American Express Card received a limited-edition NARUTO SHIPPUDEN design, helping refresh the card’s marketing appeal while retaining its existing cash-back rewards and benefits. Rakuten Introduces Limited Edition NARUTO SHIPPUDEN Credit Card Design
• Neutral Sentiment: American Express is developing AI-powered payment security for purchases initiated by autonomous shopping agents. The technology could support future transaction growth, but its financial impact is not yet clear. Can American Express Turn AI Commerce Into a New Growth Driver?
• Negative Sentiment: Higher operating expenses are expected to pressure margins and may offset some of the benefit from stronger spending and interest income. Zacks also indicates that AXP lacks the typical combination of factors supporting a likely earnings beat, increasing pre-earnings uncertainty. American Express Earnings Expected to Grow: Should You Buy?
• Negative Sentiment: Despite its favorable growth profile, American Express trades at a premium valuation, leaving less room for disappointment if quarterly revenue, expenses, or guidance fall short of expectations. Rising credit-card delinquencies are an additional sector risk.

American Express Stock Performance

Shares of NYSE AXP opened at $313.47 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The stock has a 50 day simple moving average of $321.12 and a 200-day simple moving average of $325.29. The company has a market cap of $211.69 billion, a PE ratio of 19.02, a P/E/G ratio of 1.33 and a beta of 1.08. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%. The business had revenue of $14.99 billion during the quarter, compared to analyst estimates of $19.70 billion. During the same period in the prior year, the company posted $4.08 EPS. The business’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, equities research analysts forecast that American Express Company will post 17.65 EPS for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, October 9th. American Express’s payout ratio is 23.06%.

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.