Allworth Financial LP Buys New Stake in American Express Company $AXP

Key Points

• Allworth Financial LP acquired 142,143 American Express shares in the second quarter, valued at approximately $48.1 million. Institutional investors collectively own 84.33% of AXP.
• American Express reported quarterly EPS of $4.53, exceeding the $4.41 consensus estimate, while revenue rose 10% year over year to $19.64 billion. The company maintained 2026 EPS guidance of $17.30–$17.90.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus and an average price target of $373.32, though a survey indicating weaker loyalty among high-net-worth customers highlights competitive risks.

Allworth Financial LP purchased a new position in shares of American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 142,143 shares of the payment services company's stock, valued at approximately $48,080,000.

Several other institutional investors and hedge funds also recently modified their holdings of AXP. Greenspring Advisors LLC acquired a new position in shares of American Express during the second quarter valued at approximately $506,000. B. Metzler seel. Sohn & Co. AG acquired a new stake in American Express in the second quarter worth approximately $25,040,000. TrinityBridge Ltd bought a new position in American Express during the 2nd quarter valued at $271,000. AlpenGlobal Capital LLC bought a new position in American Express during the 2nd quarter valued at $7,479,000. Finally, Silvant Capital Management LLC acquired a new position in shares of American Express during the 2nd quarter valued at $9,491,000. Institutional investors own 84.33% of the company's stock.

American Express News Roundup

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

• Positive Sentiment: American Express expanded its virtual-card capabilities for U.S. commercial customers through its @ Work platform and Conferma. The initiative could strengthen AXP’s position in corporate payments by improving security, spending controls, and integration with business and travel workflows. Is American Express’ Expanded Virtual Cards Strategy Deepening Its Corporate Moat in Premium Payments?
• Positive Sentiment: AXP became the official payments partner of St Andrews Links, expanding its premium sports and lifestyle partnership portfolio. The agreement may support international brand awareness, card-member engagement, and premium-card acquisition, although the near-term financial impact is likely limited. American Express and St Andrews Links Trust Announce Partnership
• Positive Sentiment: A recent profile highlighted CEO Steve Squeri’s strategy of attracting younger customers with premium products such as the Platinum Card. The company’s success with millennials and Gen Z supports the long-term value of its premium-card model. The American Express CEO Defied Haters
• Neutral Sentiment: Analyst opinions on American Express are mixed, indicating limited consensus on the stock’s valuation and outlook. Management is scheduled to participate in the Barclays Global Financial Services Conference on September 16, which could provide additional commentary on spending trends, credit quality, and guidance. Analysts’ Opinions Are Mixed on American Express American Express to Participate in Barclays Global Financial Services Conference
• Negative Sentiment: A 2026 Long Angle survey of more than 9,000 high-net-worth individuals found that Amex and Chase lagged other providers in loyalty, while Fidelity and Schwab ranked better in banking-related categories. The findings raise concerns about customer retention and competitive pressure in an important premium segment. Long Angle High-Net-Worth Study

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded American Express from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $328.00 to $400.00 in a report on Monday, July 13th. Loop Capital initiated coverage on American Express in a report on Thursday, May 21st. They set a "buy" rating and a $389.00 target price on the stock. Guggenheim assumed coverage on shares of American Express in a research report on Monday, July 13th. They issued a "buy" rating on the stock. Freedom Capital raised shares of American Express from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 14th. Finally, Jefferies Financial Group upgraded shares of American Express from a "hold" rating to a "buy" rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $373.32.

American Express Stock Performance

AXP opened at $331.99 on Friday. The firm has a market cap of $224.20 billion, a PE ratio of 20.15, a P/E/G ratio of 1.37 and a beta of 1.04. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The business has a fifty day simple moving average of $342.98 and a 200-day simple moving average of $326.77. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share 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 firm had revenue of $19.64 billion for the quarter, compared to analysts' expectations of $19.70 billion. During the same quarter last year, the business posted $4.08 EPS. American Express's 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. As a group, equities analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were paid a $0.95 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express's dividend payout ratio (DPR) is currently 23.06%.

American Express Company Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.

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