28,729 American Express Company $AXP Shares Purchased by State of Alaska Department of Revenue

Key Points

• State of Alaska increased its American Express position by 43.2% in the third quarter, purchasing 28,729 shares and bringing its holdings to 95,191 shares valued at approximately $28.95 million. Institutional investors collectively own 84.33% of AXP.
• American Express reported adjusted EPS of $4.53, ahead of the $4.41 consensus, while revenue grew 10% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $365.63, compared with the cited trading price of $311.65.
• The company declared a quarterly dividend of $0.95 per share, representing an annualized payout of $3.80 and a 1.2% yield, though a recent $350 million AML fine remains a regulatory and earnings overhang.

State of Alaska Department of Revenue increased its position in American Express Company (NYSE:AXP - Free Report) by 43.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,191 shares of the payment services company's stock after acquiring an additional 28,729 shares during the quarter. State of Alaska Department of Revenue's holdings in American Express were worth $28,948,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AXP. Flputnam Investment Management Co. bought a new stake in American Express during the second quarter valued at approximately $12,879,000. State Street Corp increased its holdings in shares of American Express by 40.2% in the 2nd 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 last quarter. Evolve Private Wealth LLC bought a new position in shares of American Express in the 2nd quarter worth $5,172,000. Silicon Valley Capital Partners raised its position in shares of American Express by 14.9% during the 2nd quarter. Silicon Valley Capital Partners now owns 41,480 shares of the payment services company's stock valued at $14,030,000 after buying an additional 5,365 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of American Express during the 2nd quarter valued at $11,642,000. Hedge funds and other institutional investors own 84.33% of the company's stock.

More American Express News

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

• Positive Sentiment: Value-oriented investors see upside: Harris Oakmark’s third-quarter investor letter highlighted American Express as a compelling large-cap investment, suggesting confidence in the company’s long-term earnings power and valuation. What Makes American Express a Compelling Bet?
• Positive Sentiment: Growth at a relatively modest multiple: Analysts note that American Express raised its full-year revenue outlook in its latest quarterly report, while the stock has cooled despite double-digit revenue growth. Its latest results also showed adjusted EPS of $4.53, above the $4.41 consensus, and revenue growth of 10% year over year. American Express Double-Digit Growth at a Below-Average Multiple
• Positive Sentiment: AI commerce could add a new growth avenue: American Express is developing AI-powered payment security and its “Proof of Intent” token to support agent-led purchases. If successful, the technology could reduce fraud, protect transactions and increase payment volumes as agentic checkout expands. Can American Express Turn AI Commerce Into a New Growth Driver?
• Positive Sentiment: Brokerage targets imply potential upside: American Express has a consensus price target of $365.63, well above the trading level cited in the market update, indicating that analysts collectively see room for appreciation. American Express Consensus Target Price
• Neutral Sentiment: Marketing partnership: Rakuten launched a limited-edition Naruto Shippuden design for the Rakuten American Express Card. The promotion may support customer engagement, but its direct financial effect on AXP is likely limited. Rakuten Naruto Shippuden American Express Card
• Negative Sentiment: Regulatory costs remain an overhang: Coverage highlights a recent $350 million AML fine, which could weigh on earnings, compliance expenses and investor sentiment even though American Express continues to generate strong returns on equity. American Express Stock May Sit Below Fair Value As AML Fine Lands

Analysts Set New Price Targets

AXP has been the subject of several research analyst reports. Loop Capital cut their price objective on American Express from $389.00 to $386.00 and set a "buy" rating for the company in a report on Monday, July 27th. Truist Financial reduced their price objective on American Express from $375.00 to $370.00 and set a "buy" rating on the stock in a research report on Wednesday, September 23rd. Benchmark assumed coverage on American Express in a report on Monday, July 13th. They set a "buy" rating on the stock. Piper Sandler boosted their target price on American Express from $396.00 to $405.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada cut their target price on American Express from $415.00 to $400.00 and set an "outperform" rating for the company in a research note on Friday, October 9th. One equities 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $365.63.

American Express Trading Up 1.5%

AXP stock traded up $4.71 during trading on Thursday, hitting $311.65. 1,172,091 shares of the company traded hands, compared to its average volume of 3,227,521. The firm has a market capitalization of $210.46 billion, a PE ratio of 18.89, a P/E/G ratio of 1.34 and a beta of 1.08. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The company has a 50-day moving average of $322.25 and a 200-day moving average of $325.22. 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 announced 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. 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 for the quarter, compared to analysts' expectations of $19.70 billion. During the same period in the previous year, the firm earned $4.08 EPS. The business's quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts predict that American Express Company will post 17.65 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be issued 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 currently 23.06%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.