American Express Company $AXP Shares Bought by Summit Place Financial Advisors LLC

Summit Place Financial Advisors LLC raised its position in American Express Company (NYSE:AXP) by 634.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,959 shares of the payment services company’s stock after purchasing an additional 4,284 shares during the period. Summit Place Financial Advisors LLC’s holdings in American Express were worth $1,508,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flputnam Investment Management Co. purchased a new stake in shares of American Express in the second quarter valued at about $12,879,000. State Street Corp boosted its stake in shares of American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after buying an additional 11,739,541 shares during the period. Evolve Private Wealth LLC purchased a new position in shares of American Express during the second quarter worth about $5,172,000. Silicon Valley Capital Partners grew its holdings in shares of American Express by 14.9% during the second 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 acquired a new position in American Express in the 2nd quarter valued at about $11,642,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Down 0.0%

AXP stock opened at $313.10 on Monday. The stock has a market capitalization of $211.44 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.33 and a beta of 1.08. The company has a fifty day moving average of $318.84 and a 200-day moving average of $326.09. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.54 and a current ratio of 1.65. American Express Company has a one year low of $290.97 and a one year high of $387.49.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.50 by $0.18. American Express had a net margin of 15.80% and a return on equity of 34.19%. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $20.12 billion. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, analysts expect that American Express Company will post 17.65 EPS for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be given a $0.95 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio (DPR) is presently 21.40%.

American Express News Roundup

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

• Positive Sentiment: Strong third-quarter results: American Express reported adjusted EPS of $4.68, above the $4.50 consensus estimate, while revenue rose 8.9% year over year to approximately $20.1 billion. Billed business increased 8% to $454 billion, supported by higher card spending, fees and interest income. American Express Q3 Earnings Beat Estimates on Strong Card Fees
• Positive Sentiment: Profit outlook increased: Management raised its 2026 adjusted EPS forecast to $17.60–$17.90, while reported coverage cited GAAP EPS guidance of $18.30–$18.60. Lower credit-loss provisions and continued spending by affluent customers supported the improved outlook. American Express raises 2026 profit forecast as affluent customers keep spending
• Positive Sentiment: Customer engagement initiatives: American Express is expanding its travel ecosystem by adding Airbnb listings and rewards to Amex Travel, potentially strengthening premium-card retention and spending. American Express brings Airbnb bookings and rewards to Amex Travel platform
• Neutral Sentiment: Premium-card benefit changes: Updates to the Platinum Card’s hotel and airport perks, including a revised $600 hotel credit beginning in 2027, could improve the value proposition for some members but may also introduce additional restrictions. Amex Platinum benefits updates
• Negative Sentiment: AI-related layoffs overshadowed the earnings beat: American Express plans to eliminate about 5% of its global workforce—roughly 3,500 to 4,000 positions—and will record a $336 million restructuring charge. Investors may view the move as evidence of rising costs and execution risk, even though it could generate longer-term efficiency gains. American Express is cutting 5% of its workforce
• Negative Sentiment: Revenue and network-volume performance were only broadly in line with expectations: This limited the positive impact of the earnings and guidance improvements, particularly amid a broader market decline and investor concerns about consumer resilience outside American Express’s affluent customer base. American Express Q3 earnings beat as network volume disappoints

Analyst Upgrades and Downgrades

Several research firms have commented on AXP. HSBC upped their price objective on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research note on Monday, July 13th. Royal Bank Of Canada decreased their price objective on American Express from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. President Capital lifted their target price on American Express from $359.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Evercore set a $320.00 target price on American Express in a report on Thursday, October 1st. Finally, Morgan Stanley cut their price target on American Express from $382.00 to $380.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Express has a consensus rating of “Moderate Buy” and a consensus price target of $364.89.

About American Express

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.