27,376 American Express Company $AXP Shares Sold by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada reduced its American Express stake by 7.5%, selling 27,376 shares and retaining 337,931 shares valued at approximately $104.2 million. Institutional investors and hedge funds collectively own 84.33% of AXP.
• American Express shares recently traded at $313.47, while the company reported quarterly EPS of $4.53, exceeding estimates, and maintained fiscal 2026 EPS guidance of $17.30–$17.90. The company also announced a quarterly dividend of $0.95 per share, representing a 1.2% yield.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $365.63, though concerns include premium valuation, rising operating expenses, and potential increases in credit-card delinquencies.

TD Waterhouse Canada Inc. decreased its position in shares of American Express Company (NYSE:AXP - Free Report) by 7.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,931 shares of the payment services company's stock after selling 27,376 shares during the period. TD Waterhouse Canada Inc. owned 0.05% of American Express worth $104,159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AXP. Archer Investment Corp purchased a new stake in shares of American Express during the second quarter worth $25,000. Lifetime Wealth Management P.C. bought a new stake in shares of American Express in the 4th quarter worth approximately $33,000. Elevation Wealth Partners LLC raised its stake in shares of American Express by 78.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company's stock valued at $28,000 after buying an additional 41 shares in the last quarter. Cedar Mountain Advisors LLC lifted its position in shares of American Express by 58.3% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company's stock worth $32,000 after buying an additional 35 shares during the period. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of American Express during the second quarter worth approximately $33,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Price Performance

Shares of AXP stock traded down $0.40 during trading on Friday, hitting $313.47. The company had a trading volume of 3,387,759 shares, compared to its average volume of 3,438,562. The firm has a market capitalization of $211.69 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08. The stock's 50-day moving average price is $321.12 and its 200 day moving average price is $325.29. American Express Company has a one year low of $290.97 and a one year high of $387.49. 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 - Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts' consensus estimates of $4.41 by $0.12. The company had revenue of $14.99 billion during the quarter, compared to analysts' expectations 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 was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts expect that American Express Company will post 17.65 EPS for the current fiscal year.

American Express Dividend Announcement

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

American Express News Roundup

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.

Wall Street Analyst Weigh In

AXP has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on shares of American Express from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Monday, July 6th. Citigroup reduced their price objective on shares of American Express from $355.00 to $340.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 30th. BTIG Research dropped their price objective on American Express from $315.00 to $230.00 and set a "sell" rating on the stock in a research note on Monday, September 7th. Benchmark assumed coverage on shares of American Express in a research note on Monday, July 13th. They issued a "buy" rating on the stock. Finally, Royal Bank Of Canada reduced their price target 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. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, American Express presently has an average rating of "Moderate Buy" and an average price target of $365.63.

American Express 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.

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