American Express Company $AXP Stock Purchased by Fagan Associates Inc.

Key Points

• Fagan Associates increased its American Express stake by 2,180.6% in the third quarter, acquiring 27,475 additional shares for a total holding valued at approximately $8.7 million. Institutional investors collectively own 84.33% of AXP.
• American Express reported quarterly EPS of $4.53, beating estimates, while revenue rose 10% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $365.63, compared with a recent share price near $310.
• Regulatory risks remain a key concern: American Express National Bank was fined $350 million over deficiencies in anti-money-laundering controls, potentially increasing compliance costs and pressuring margins despite the company’s long-term growth outlook.

Fagan Associates Inc. grew its stake in American Express Company (NYSE:AXP - Free Report) by 2,180.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,735 shares of the payment services company's stock after purchasing an additional 27,475 shares during the period. Fagan Associates Inc.'s holdings in American Express were worth $8,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Flputnam Investment Management Co. bought a new stake in American Express during the 2nd quarter worth $12,879,000. State Street Corp increased its holdings in American Express by 40.2% in 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 in the last quarter. Evolve Private Wealth LLC bought a new position in American Express in the second quarter valued at about $5,172,000. Silicon Valley Capital Partners raised its position in American Express by 14.9% in the second quarter. Silicon Valley Capital Partners now owns 41,480 shares of the payment services company's stock valued at $14,030,000 after purchasing an additional 5,365 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in American Express in the second quarter valued at about $11,642,000. 84.33% of the stock is owned by institutional investors.

More American Express News

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

• Positive Sentiment: American Express published an Intent Intelligence framework for agentic commerce, designed to authenticate a customer’s purchase intent and prevent AI agents from completing unauthorized transactions. The initiative could strengthen trust in AI-powered payments and help AXP shape emerging industry standards. American Express Publishes Intent Intelligence Framework for Trusted Agentic Commerce
• Positive Sentiment: JPMorgan maintained an Overweight rating and set a $360 price target, implying roughly 16% potential upside from the referenced share price. The target remains bullish, although it was reduced from $400, signaling more cautious expectations.
• Neutral Sentiment: American Express was named title sponsor of the inaugural Hong Kong Sail Grand Prix. The sponsorship should support brand visibility and premium-card marketing, but its direct financial impact is likely limited. American Express Named Title Sponsor of Inaugural Hong Kong Sail Grand Prix
• Negative Sentiment: American Express National Bank was fined $350 million by the Office of the Comptroller of the Currency over deficiencies in its Bank Secrecy Act and anti-money-laundering controls, alongside a cease-and-desist order. The matter could increase compliance costs, create execution risk and pressure margins or reputation. American Express fined OCC $350m over AML controls
• Negative Sentiment: The regulatory action has prompted concerns that compliance spending could become a more important margin test. Analysts and commentators remain constructive on AXP’s long-term franchise, but the fine adds uncertainty to the company’s growth and profitability outlook. AML Fine Turns Compliance Into the Next Margin Test

American Express Stock Performance

AXP traded down $1.56 during midday trading on Tuesday, reaching $309.97. The company had a trading volume of 3,155,890 shares, compared to its average volume of 3,240,624. The business has a 50-day moving average price of $323.10 and a two-hundred day moving average price of $325.17. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The stock has a market cap of $209.33 billion, a PE ratio of 18.81, a P/E/G ratio of 1.33 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.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly 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. American Express had a return on equity of 34.12% and a net margin of 15.07%. The firm had revenue of $14.99 billion for the quarter, compared to analysts' expectations of $19.70 billion. During the same quarter in the prior year, the firm earned $4.08 EPS. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts expect that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be paid 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 payout ratio is currently 23.06%.

Wall Street Analysts Forecast Growth

AXP has been the topic of several recent research reports. Loop Capital cut their target price on shares of American Express from $389.00 to $386.00 and set a "buy" rating on the stock in a research report on Monday, July 27th. Truist Financial lowered 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. President Capital upped their price target on American Express from $359.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. Weiss Ratings reiterated a "hold (c+)" rating on shares of American Express in a report on Friday. Finally, Citigroup decreased their price target on American Express from $355.00 to $340.00 and set a "neutral" rating for the company in a report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $365.63.

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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