Arizona State Retirement System Has $57.74 Million Stock Position in American Express Company $AXP

Arizona State Retirement System cut its stake in shares of American Express Company (NYSE:AXP) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,070 shares of the payment services company's stock after selling 7,602 shares during the period. Arizona State Retirement System's holdings in American Express were worth $57,738,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. grew its holdings in American Express by 153.3% during the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company's stock valued at $25,000 after purchasing an additional 46 shares during the period. Manning & Napier Advisors LLC acquired a new stake in American Express in the third quarter worth $27,000. Measured Wealth Private Client Group LLC acquired a new stake in American Express in the third quarter worth $28,000. Guerra Advisors Inc bought a new position in shares of American Express during the third quarter worth $28,000. Finally, Halbert Hargrove Global Advisors LLC grew its holdings in shares of American Express by 210.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company's stock valued at $29,000 after buying an additional 59 shares during the period. Institutional investors own 84.33% of the company's stock.

Wall Street Analysts Forecast Growth

AXP has been the subject of a number of recent analyst reports. Evercore set a $393.00 price objective on shares of American Express in a research report on Tuesday, February 10th. The Goldman Sachs Group reissued a "buy" rating and issued a $420.00 target price on shares of American Express in a research note on Tuesday, January 6th. BTIG Research lowered their price target on American Express from $328.00 to $285.00 and set a "sell" rating for the company in a report on Monday, March 16th. Royal Bank Of Canada set a $415.00 price target on American Express in a research report on Friday, April 10th. Finally, Weiss Ratings cut American Express from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, April 15th. Seven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $359.67.

Insider Transactions at American Express

In other American Express news, insider Denise Pickett sold 23,385 shares of the firm's stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $356.91, for a total value of $8,346,340.35. Following the completion of the transaction, the insider directly owned 7,754 shares in the company, valued at $2,767,480.14. This trade represents a 75.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Anna Marrs sold 27,425 shares of the business's stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $350.01, for a total value of $9,599,024.25. Following the transaction, the insider directly owned 20,394 shares in the company, valued at $7,138,103.94. This trade represents a 57.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 73,944 shares of company stock worth $26,114,366. 0.14% of the stock is currently owned by insiders.

American Express News Roundup

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

• Positive Sentiment: Q1 beat on EPS and spending — AXP reported $4.28 EPS and robust card‑member spending (best quarterly growth in ~3 years), driving revenue strength and showing continued premium‑customer demand. AXP Q1 Earnings Beat Estimates on Strong US Consumer Services Unit
• Positive Sentiment: New partnerships and premium focus — The NFL global payments deal and continued premium card momentum are cited as drivers of revenue growth and customer engagement. Amex New NFL Deal, Premium Customer Base Power Revenue Growth
• Positive Sentiment: Product/AI initiatives and younger cohorts — Management highlights AI tools and stronger engagement from millennials as sources of durable spending acceleration. Amex Leans on Millennials and AI as Card Spending Accelerates
• Neutral Sentiment: Long‑term investor interest — Commentary on AXP as a long‑held Buffett position underscores its franchise value, but is not a near‑term catalyst. American Express (AXP), The Longest-Held Position of Warren Buffett; See Why
• Negative Sentiment: Cautious guidance and rising spend plans — Management set FY26 EPS guidance slightly below consensus and flagged increased investment/expense plans, which investors interpreted as a near‑term profit tradeoff. Why American Express Fell Today
• Negative Sentiment: Macro/geopolitics weigh on sentiment — Reescalation of tensions in the Middle East and broader risk‑off moves in futures dampened risk appetite, compounding investor focus on any cautious language from management. Geopolitics Weigh on Sentiment
• Negative Sentiment: Analyst pressure — Recent price‑target cuts (e.g., JPMorgan) reflect concerns about the macro outlook and valuation, creating additional near‑term headwinds. American Express Company (AXP) PT Slashed by JPMorgan on Uncertain Macro Outlook

American Express Price Performance

Shares of NYSE AXP opened at $318.51 on Friday. The firm has a market cap of $218.43 billion, a PE ratio of 20.70, a PEG ratio of 1.40 and a beta of 1.13. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 1.68. American Express Company has a 1-year low of $257.21 and a 1-year high of $387.49. The company has a fifty day moving average price of $314.12 and a 200 day moving average price of $344.38.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.27. The firm had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $18.60 billion. American Express had a return on equity of 33.49% and a net margin of 15.00%.The company's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts predict that American Express Company will post 17.53 earnings per share for the current fiscal year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be given a $0.95 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. This is a boost from American Express's previous quarterly dividend of $0.82. American Express's payout ratio is 24.69%.

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.

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