AMG National Trust Bank Invests $8.38 Million in American Express Company $AXP

Key Points

• AMG National Trust Bank acquired 24,763 American Express shares worth approximately $8.38 million during the second quarter. Institutional investors collectively own 84.33% of AXP.
• Analysts remain broadly positive, with an overall “Moderate Buy” consensus and an average price target of $373.32; recent actions included upgrades from JPMorgan and Piper Sandler, alongside an RBC downgrade to “Hold.”
• American Express reported quarterly EPS of $4.53, exceeding estimates of $4.41, while revenue increased 10% year over year. The company also maintains FY 2026 EPS guidance of $17.30–$17.90 and pays a $0.95 quarterly dividend.

AMG National Trust Bank purchased a new position in shares of American Express Company (NYSE:AXP - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,763 shares of the payment services company's stock, valued at approximately $8,375,000.

Other institutional investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. increased its holdings in shares of American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company's stock worth $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management bought a new stake in shares of American Express in the fourth quarter valued at approximately $26,000. Sfam LLC bought a new stake in shares of American Express in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in American Express during the fourth quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in American Express during the third quarter worth approximately $28,000. Institutional investors own 84.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Royal Bank Of Canada downgraded American Express from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 13th. Guggenheim assumed coverage on American Express in a research report on Monday, July 13th. They issued a "buy" rating on the stock. Bank of America boosted their price target on American Express from $387.00 to $391.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. raised shares of American Express from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. Finally, Piper Sandler raised their target price on shares of American Express from $396.00 to $405.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. One 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 issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $373.32.

American Express News Roundup

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

• Positive Sentiment: Expanded virtual-card capabilities: AXP is making American Express Virtual Cards available through its @ Work platform for U.S. corporate customers. The products offer adjustable spending limits, enhanced fraud protection and easier expense management, potentially increasing commercial-payment volumes and customer retention. American Express expands virtual cards for US commercial customers
• Positive Sentiment: Premium travel ecosystem strengthened: American Express added 350 luxury hotels across 116 countries to the Platinum Card travel program. More curated booking options could improve the value proposition of its premium cards, support spending and help justify annual fees. American Express adds 350 luxury hotels to Platinum Card travel program
• Positive Sentiment: Evidence of loyalty-driven spending: United Airlines’ results highlighted how American Express perks can help capture premium travel spending, even without a United co-branded card. The example supports AXP’s broader strategy of using travel benefits and partnerships to attract affluent customers. Popular legacy airline captures premium spend because of American Express perks
• Positive Sentiment: Constructive analyst outlook: Piper Sandler forecast meaningful appreciation potential for AXP shares, providing a positive signal following the company’s recent earnings beat and continued revenue growth. Piper Sandler Forecasts Strong Price Appreciation for American Express Stock
• Neutral Sentiment: Capital structure update: AXP issued Series E preferred shares and announced full redemption of Series D preferred shares. The move may improve funding flexibility, but it also adds preferred financing obligations and has limited direct impact on common-share earnings. American Express Issues New Series E Preferred Shares
• Neutral Sentiment: Mixed analyst sentiment: Coverage of AXP showed differing views, suggesting valuation and expectations remain areas of debate despite the company’s strong operating trends. Analysts Have Conflicting Sentiments on American Express

American Express Stock Down 0.1%

Shares of NYSE:AXP opened at $342.27 on Monday. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a market capitalization of $231.14 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.38 and a beta of 1.04. 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 company has a fifty day moving average of $341.33 and a 200-day moving average of $327.33.

American Express (NYSE:AXP - Get Free Report) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.41 by $0.12. The business 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%.The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

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

About American Express

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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