American Express Company $AXP Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lowered its stake in shares of American Express Company (NYSE:AXP - Free Report) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 265,930 shares of the payment services company's stock after selling 10,606 shares during the period. Douglas Lane & Associates LLC's holdings in American Express were worth $80,869,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AXP. BlackRock Inc. bought a new stake in American Express during the second quarter valued at about $14,208,662,000. State Street Corp increased its holdings in shares of American Express by 40.2% during 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 purchasing an additional 11,739,541 shares during the period. Corient Private Wealth LP bought a new stake in shares of American Express in the second quarter valued at about $253,945,000. Bank of New York Mellon Corp bought a new position in American Express during the second quarter valued at about $1,263,787,000. Finally, Legal & General Group Plc bought a new stake in shares of American Express in the 2nd quarter worth approximately $1,138,054,000. Institutional investors and hedge funds own 84.33% of the company's stock.

American Express Trading Up 0.0%

AXP stock traded up $0.04 during midday trading on Friday, hitting $308.14. 1,190,983 shares of the company's stock were exchanged, compared to its average volume of 3,240,698. The company has a market cap of $208.09 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 1.31 and a beta of 1.08. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The stock's fifty day moving average price is $325.07 and its 200-day moving average price is $324.99. American Express Company has a one year low of $290.97 and a one year high of $387.49.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.41 by $0.12. The company had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm's revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts predict that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on AXP. Truist Financial dropped their price objective on shares of American Express from $375.00 to $370.00 and set a "buy" rating for the company in a research note on Wednesday, September 23rd. BMO Capital Markets initiated coverage on American Express in a research note on Thursday. They set an "outperform" rating and a $380.00 price objective for the company. Bank of America upped their price objective on shares of American Express from $387.00 to $391.00 and gave the stock a "buy" rating in a research note on Thursday, July 9th. UBS Group reduced their price objective on American Express from $384.00 to $345.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, DZ Bank raised shares of American Express from a "hold" rating to a "buy" rating and set a $375.00 price objective on the stock in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $364.52.

American Express News Roundup

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

• Positive Sentiment: Royal Bank of Canada maintained an “outperform” rating on American Express while lowering its price target from $415 to $400. The revised target still implies substantial upside from recent trading levels. RBC American Express price target report
• Positive Sentiment: American Express continues investing in growth initiatives, including a new corporate platform and programs helping merchants prepare for AI-driven and “agentic” commerce. These efforts could support future payment volume and customer engagement, although their financial impact remains uncertain. American Express corporate platform article
• Neutral Sentiment: Investors are awaiting American Express’ quarterly results on October 23. Earnings will be important for assessing spending trends, credit quality and whether the company remains on track for its fiscal 2026 EPS guidance of $17.30 to $17.90.
• Negative Sentiment: The Office of the Comptroller of the Currency assessed a $350 million civil money penalty and issued a cease-and-desist order after identifying significant weaknesses in American Express’ enterprise-wide AML program, particularly at its national bank subsidiary. OCC penalty announcement
• Negative Sentiment: Regulators said the deficiencies persisted for nearly 11 years and left approximately $13 billion in suspected money-laundering activity inadequately monitored or reported. The direct financial penalty is manageable relative to American Express’ size, but remediation costs, enhanced oversight, reputational damage and potential restrictions on growth create longer-term risks. American Express AML penalty analysis

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.

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