American Express Company $AXP Shares Sold by Payden & Rygel

Payden & Rygel lowered its position in American Express Company (NYSE:AXP - Free Report) by 42.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,700 shares of the payment services company's stock after selling 16,900 shares during the quarter. Payden & Rygel's holdings in American Express were worth $6,903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Riverbend Wealth Management LLC increased its stake in American Express by 0.8% during the third quarter. Riverbend Wealth Management LLC now owns 4,534 shares of the payment services company's stock worth $1,379,000 after acquiring an additional 34 shares during the last quarter. Valmark Advisers Inc. raised its holdings in shares of American Express by 1.9% in the 1st quarter. Valmark Advisers Inc. now owns 1,878 shares of the payment services company's stock worth $568,000 after purchasing an additional 35 shares during the period. Cedar Mountain Advisors LLC lifted its stake in shares of American Express by 58.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company's stock valued at $32,000 after purchasing an additional 35 shares in the last quarter. Consilium Wealth Advisory LLC lifted its stake in shares of American Express by 4.6% in the 3rd quarter. Consilium Wealth Advisory LLC now owns 793 shares of the payment services company's stock valued at $241,000 after purchasing an additional 35 shares in the last quarter. Finally, Gryphon Financial Partners LLC lifted its stake in shares of American Express by 1.5% in the 1st quarter. Gryphon Financial Partners LLC now owns 2,489 shares of the payment services company's stock valued at $753,000 after purchasing an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Royal Bank Of Canada decreased their target price on American Express from $415.00 to $400.00 and set an "outperform" rating for the company in a report on Friday, October 9th. Evercore set a $330.00 price target on shares of American Express in a report on Tuesday. Citigroup reduced their price target on shares of American Express from $340.00 to $335.00 and set a "neutral" rating on the stock in a research report on Tuesday. BTIG Research decreased their price objective on shares of American Express from $315.00 to $230.00 and set a "sell" rating for the company in a research note on Monday, September 7th. Finally, Weiss Ratings upgraded shares of American Express from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday. One 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 assigned a Sell rating to the stock. According to data from MarketBeat, American Express has a consensus rating of "Moderate Buy" and a consensus target price of $365.19.

American Express News Summary

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

• Positive Sentiment: American Express introduced a new redemption option allowing eligible consumer and business cash-back cardmembers to deposit Reward Dollars into American Express High Yield Savings Accounts and Business Checking Accounts. The feature could improve customer retention, deepen relationships across the company’s card and banking products, and support deposit growth. American Express Connects Cash Back to High Yield Savings Accounts and Business Checking Accounts
• Positive Sentiment: The launch of Canada’s first Hilton Honors American Express co-branded card expands the company’s international partnership with Hilton and could generate additional spending, fees, and customer acquisition. American Express and Hilton Launch Canada's First Hilton Honors Credit Card
• Positive Sentiment: American Express benefited from positive payments-sector sentiment after Mastercard reported better-than-expected revenue and earnings, although the effect may be temporary. Mastercard Rises on Revenue and EPS Beat
• Neutral Sentiment: American Express issued $1.5 billion of fixed-to-floating-rate notes carrying a 5.447% rate. The financing provides capital, but increases interest expense and leverage exposure. American Express Issues New Fixed-to-Floating Rate Notes
• Neutral Sentiment: Analyst coverage remains mixed. Commentary favors Mastercard for faster growth, more diversified revenue, and lower credit risk, while other coverage highlights AXP’s strong profitability, revenue growth, share repurchases, and Berkshire Hathaway’s sizable stake.
• Negative Sentiment: A U.S. Bank risk executive is reportedly moving to American Express as the company deals with regulatory penalties related to anti-money-laundering compliance failures. The leadership addition may strengthen risk controls, but the penalties and compliance scrutiny create reputational and cost risks. U.S. Bank Risk Chief Heads to Amex
• Negative Sentiment: Relative-value analysis argues that Mastercard currently offers better growth prospects and lower credit risk than American Express, potentially limiting investor enthusiasm for AXP despite its lower valuation.

American Express Trading Down 1.4%

Shares of AXP opened at $319.03 on Friday. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The stock's 50-day moving average is $317.18 and its two-hundred day moving average is $326.44. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.54. The stock has a market cap of $213.93 billion, a PE ratio of 17.96, a P/E/G ratio of 1.37 and a beta of 1.08.

American Express (NYSE:AXP - Get Free Report) last posted its earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.50 by $0.18. American Express had a return on equity of 34.19% and a net margin of 15.80%. The business had revenue of $20.06 billion during the quarter, compared to analyst estimates of $20.12 billion. During the same quarter last year, the firm earned $4.14 earnings per share. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Equities analysts forecast that American Express Company will post 17.88 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business 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 $0.95 dividend. 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 is currently 21.40%.

About American Express

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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