4,759 American Express Company $AXP Shares Acquired by Cooper Financial Group

Key Points

• Cooper Financial Group increased its American Express stake by 162.9% in the third quarter, purchasing 4,759 additional shares and bringing its holdings to 7,681 shares valued at $2.34 million.
• American Express shares traded near $303.93, below their 50-day and 200-day moving averages. The company recently exceeded quarterly EPS expectations, reporting $4.53 per share, while revenue rose 10% year over year.
• American Express declared a quarterly dividend of $0.95 per share, representing a 1.3% yield. Analysts maintain a consensus “Hold” rating, with an average price target of $364.50.

Cooper Financial Group increased its position in shares of American Express Company (NYSE:AXP) by 162.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,681 shares of the payment services company's stock after buying an additional 4,759 shares during the quarter. Cooper Financial Group's holdings in American Express were worth $2,336,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AXP. Canandaigua National Bank & Trust Co. lifted its position in shares of American Express by 3.5% in the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 10,689 shares of the payment services company's stock worth $3,344,000 after acquiring an additional 357 shares during the period. Benedict Financial Advisors Inc. increased its position in shares of American Express by 0.6% during the third quarter. Benedict Financial Advisors Inc. now owns 14,660 shares of the payment services company's stock valued at $4,458,000 after purchasing an additional 86 shares during the period. Weaver Consulting Group raised its stake in shares of American Express by 1.8% in the third quarter. Weaver Consulting Group now owns 2,436 shares of the payment services company's stock valued at $741,000 after purchasing an additional 42 shares in the last quarter. Nautilus Advisors LLC raised its stake in shares of American Express by 132.5% in the third quarter. Nautilus Advisors LLC now owns 1,674 shares of the payment services company's stock valued at $509,000 after purchasing an additional 954 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its position in American Express by 16.8% in the third quarter. Moody National Bank Trust Division now owns 9,225 shares of the payment services company's stock worth $2,805,000 after purchasing an additional 1,328 shares during the period. 84.33% of the stock is currently owned by institutional investors.

American Express News Roundup

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

• Positive Sentiment: American Express launched an integrated Corporate Cashback platform combining new cards, expense-management software and AI-powered tools for corporate spending controls and reporting. The company also said its cards are accepted at more than 190 million locations worldwide, supporting its efforts to expand commercial payments and card usage. American Express Rolls Out Corporate Cashback Platform As Acceptance Hits 190 Million Locations
• Positive Sentiment: AXP published its Amex Business Playbook for Agentic Commerce, outlining how merchants can prepare for autonomous AI-driven shopping. The company is also offering protections when agent transactions fail, which could help build trust and position American Express in emerging digital commerce, although the guarantees may create additional costs. American Express Is Telling Merchants How to Prepare for Agent Shopping
• Positive Sentiment: Investors focused on the upcoming November 10 dividend may support the stock ahead of the October 9 eligibility deadline. The company’s dividend remains relatively modest in yield, but its earnings growth and potential for future increases enhance its longer-term income appeal. American Express Dividend Article
• Neutral Sentiment: Analysts expect high-single-digit bottom-line growth when American Express reports third-quarter results later this month. The earnings event is a potential catalyst, but investors may remain cautious until the company provides updated performance and guidance. American Express Earnings Preview
• Neutral Sentiment: American Express promoted premium card-member experiences at Hong Kong’s Wine & Dine Festival. The event supports brand engagement but is unlikely to materially affect near-term financial results. American Express Returns to Hong Kong Wine & Dine Festival
• Negative Sentiment: TD Cowen cut its price target from $338 to $335 and maintained a “hold” rating. UBS also reiterated a “hold,” reinforcing near-term caution despite analysts’ implied upside to the stock. UBS Keeps Their Hold Rating on American Express

American Express Price Performance

Shares of NYSE AXP traded down $0.62 during midday trading on Wednesday, reaching $303.93. 3,405,434 shares of the company traded hands, compared to its average volume of 3,240,870. The firm has a market cap of $205.24 billion, a PE ratio of 18.44, a PEG ratio of 1.29 and a beta of 1.08. The stock's 50-day simple moving average is $325.66 and its 200-day simple moving average is $324.90. American Express Company has a 12 month low of $290.97 and a 12 month 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 earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.12. The business had revenue of $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts anticipate that American Express Company will post 17.68 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, October 9th. American Express's dividend payout ratio is currently 23.06%.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of recent research reports. Citigroup decreased their price target 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. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of American Express in a report on Monday, July 13th. JPMorgan Chase & Co. raised shares of American Express from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $328.00 to $400.00 in a report on Monday, July 13th. UBS Group decreased their target price on shares of American Express from $384.00 to $345.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group upped 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. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, American Express currently has a consensus rating of "Hold" and an average price target of $364.50.

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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