41,781 American Express Company $AXP Shares Purchased by GRIMES & Co WEALTH MANAGEMENT LLC

Key Points

• GRIMES & Co. Wealth Management more than doubled its American Express stake, purchasing 41,781 additional shares in the third quarter to hold 81,956 shares valued at approximately $24.9 million.
• American Express reported quarterly EPS of $4.68, beating estimates of $4.50, while revenue rose 8.9% year over year to $20.06 billion. The company issued fiscal 2026 EPS guidance of $17.60–$17.90.
• Shares recently traded at $328, and analysts maintain a consensus “Moderate Buy” rating with an average price target of $365.22. American Express also declared a quarterly dividend of $0.95 per share, implying a 1.2% yield.

GRIMES & Co WEALTH MANAGEMENT LLC grew its holdings in shares of American Express Company (NYSE:AXP - Free Report) by 104.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,956 shares of the payment services company's stock after purchasing an additional 41,781 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in American Express were worth $24,923,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Archer Investment Corp bought a new position in American Express during the 2nd quarter worth $25,000. Elevation Wealth Partners LLC grew its position in American Express by 78.8% in the third quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company's stock valued at $28,000 after acquiring an additional 41 shares during the last quarter. John Boyer Inc. bought a new position in American Express in the 3rd quarter valued at approximately $29,000. Frazier Financial Advisors LLC lifted its stake in shares of American Express by 66.7% in the 1st quarter. Frazier Financial Advisors LLC now owns 100 shares of the payment services company's stock valued at $30,000 after acquiring an additional 40 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its holdings in shares of American Express by 2,550.0% during the first quarter. Whipplewood Advisors LLC now owns 106 shares of the payment services company's stock worth $32,000 after purchasing an additional 102 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

American Express Stock Up 2.8%

American Express stock opened at $328.00 on Tuesday. The firm has a market cap of $219.94 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.35 and a beta of 1.08. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.54 and a current ratio of 1.58. The firm has a 50 day moving average price of $317.02 and a two-hundred day moving average price of $326.29.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, topping the consensus estimate of $4.50 by $0.18. The company had revenue of $20.06 billion during the quarter, compared to analysts' expectations of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. American Express's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Equities analysts predict that American Express Company will post 17.88 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 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 dividend payout ratio (DPR) is presently 21.40%.

Analyst Ratings Changes

A number of research firms have weighed in on AXP. Loop Capital reduced their target price on shares of American Express from $389.00 to $386.00 and set a "buy" rating on the stock in a report on Monday, July 27th. Citigroup cut their price target on shares of American Express from $340.00 to $335.00 and set a "neutral" rating on the stock in a report on Tuesday, October 27th. The Goldman Sachs Group boosted their price objective on shares of American Express from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Monday, July 6th. UBS Group increased their price objective on American Express from $345.00 to $346.00 and gave the company a "neutral" rating in a report on Monday. Finally, Truist Financial lowered their target price on American Express from $375.00 to $370.00 and set a "buy" rating for the company in a research report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $365.22.

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.

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