American Express Company $AXP Stock Bought by Frank Rimerman Advisors LLC

Key Points

• Frank Rimerman Advisors increased its American Express stake by 22.8% in the third quarter, bringing its holdings to 18,142 shares valued at approximately $5.52 million. Institutional investors collectively own 84.33% of AXP.
• American Express reported quarterly EPS of $4.53, exceeding analyst estimates of $4.41, while revenue rose 10% year over year. The company maintained fiscal 2026 EPS guidance of $17.30–$17.90 and declared a quarterly dividend of $0.95 per share.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $365.63 versus a recent price of $313.47. Key risks include elevated operating expenses, premium valuation, and rising credit-card delinquencies.

Frank Rimerman Advisors LLC boosted its holdings in shares of American Express Company (NYSE:AXP - Free Report) by 22.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,142 shares of the payment services company's stock after acquiring an additional 3,366 shares during the quarter. Frank Rimerman Advisors LLC's holdings in American Express were worth $5,517,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Archer Investment Corp purchased a new position in shares of American Express during the 2nd quarter worth $25,000. Elevation Wealth Partners LLC increased its position in shares of American Express by 78.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company's stock worth $28,000 after purchasing an additional 41 shares during the last quarter. Frazier Financial Advisors LLC raised its holdings in 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 buying an additional 40 shares during the period. Evolution Wealth Management Inc. raised its holdings in American Express by 58.2% in the 1st quarter. Evolution Wealth Management Inc. now owns 106 shares of the payment services company's stock valued at $32,000 after buying an additional 39 shares during the period. Finally, Whipplewood Advisors LLC raised its holdings in American Express by 2,550.0% in the 1st quarter. Whipplewood Advisors LLC now owns 106 shares of the payment services company's stock valued at $32,000 after buying an additional 102 shares during the period. Hedge funds and other institutional investors own 84.33% of the company's stock.

American Express Price Performance

AXP opened at $313.47 on Friday. The stock's 50-day moving average price is $321.12 and its 200 day moving average price is $325.29. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The firm has a market cap of $211.69 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.33 and a beta of 1.08.

American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating analysts' consensus estimates of $4.41 by $0.12. The company had revenue of $14.99 billion during the quarter, compared to analysts' expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%. American Express's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the business posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts expect that American Express Company will post 17.65 earnings per share for the current year.

American Express Announces Dividend

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 given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express's dividend payout ratio is currently 23.06%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AXP. Guggenheim assumed coverage on shares of American Express in a research note on Monday, July 13th. They set a "buy" rating for the company. JPMorgan Chase & Co. reduced their price target on shares of American Express from $400.00 to $360.00 and set an "overweight" rating on the stock in a research note on Monday, October 12th. Piper Sandler upped their price objective on shares of American Express from $396.00 to $405.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. HSBC upped their price objective on shares of American Express from $312.00 to $329.00 and gave the stock a "hold" rating in a report on Monday, July 13th. Finally, Barclays lowered their price objective on shares of American Express from $364.00 to $342.00 and set an "equal weight" rating for the company in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $365.63.

Key Stories Impacting American Express

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

• Positive Sentiment: Strong consumer spending—particularly among affluent customers—continues to support American Express’s payment volumes and earnings outlook. Analysts also point to Wall Street wealth effects as a potential tailwind for discretionary spending. 3 Stocks to Watch as Wall Street Wealth Fuels Consumer Spending
• Positive Sentiment: American Express is expected to benefit from rising interest income, with consensus estimates calling for year-over-year earnings growth in the upcoming quarterly report. The company’s full-year 2026 EPS guidance remains $17.30 to $17.90. Will Rising Expenses Affect American Express’ Q3 Earnings?
• Positive Sentiment: The Rakuten American Express Card received a limited-edition NARUTO SHIPPUDEN design, helping refresh the card’s marketing appeal while retaining its existing cash-back rewards and benefits. Rakuten Introduces Limited Edition NARUTO SHIPPUDEN Credit Card Design
• Neutral Sentiment: American Express is developing AI-powered payment security for purchases initiated by autonomous shopping agents. The technology could support future transaction growth, but its financial impact is not yet clear. Can American Express Turn AI Commerce Into a New Growth Driver?
• Negative Sentiment: Higher operating expenses are expected to pressure margins and may offset some of the benefit from stronger spending and interest income. Zacks also indicates that AXP lacks the typical combination of factors supporting a likely earnings beat, increasing pre-earnings uncertainty. American Express Earnings Expected to Grow: Should You Buy?
• Negative Sentiment: Despite its favorable growth profile, American Express trades at a premium valuation, leaving less room for disappointment if quarterly revenue, expenses, or guidance fall short of expectations. Rising credit-card delinquencies are an additional sector risk.

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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