Bank of New York Mellon Corp Invests $1.26 Billion in American Express Company $AXP

Bank of New York Mellon Corp acquired a new stake in American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,736,251 shares of the payment services company's stock, valued at approximately $1,263,787,000. Bank of New York Mellon Corp owned approximately 0.55% of American Express as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. boosted its position in 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 valued at $25,000 after buying an additional 66 shares during the period. Joseph Group Capital Management purchased a new position in shares of American Express in the fourth quarter worth about $26,000. Sfam LLC purchased a new position in shares of American Express in the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of American Express in the 4th quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in American Express during the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 84.33% of the company's stock.

Wall Street Analysts Forecast Growth

AXP has been the topic of several recent research reports. Truist Financial lifted their price target on American Express from $360.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Freedom Capital raised American Express from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 14th. Evercore set a $370.00 target price on shares of American Express in a report on Monday, July 27th. Morgan Stanley decreased their target price on shares of American Express from $385.00 to $382.00 and set an "equal weight" rating on the stock in a research note on Monday, July 27th. Finally, Barclays increased their price target on shares of American Express from $322.00 to $364.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $373.32.

American Express Stock Down 2.3%

Shares of American Express stock opened at $331.99 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a market cap of $224.20 billion, a P/E ratio of 20.15, a PEG ratio of 1.37 and a beta of 1.04. The company's fifty day simple moving average is $342.98 and its two-hundred day simple moving average is $326.77.

American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating analysts' consensus estimates of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same quarter in the previous year, the firm posted $4.08 EPS. The company'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. Research analysts anticipate that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

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

Key American Express News

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

• Positive Sentiment: American Express expanded its virtual-card capabilities for U.S. commercial customers through its @ Work platform and Conferma. The initiative could strengthen AXP’s position in corporate payments by improving security, spending controls, and integration with business and travel workflows. Is American Express’ Expanded Virtual Cards Strategy Deepening Its Corporate Moat in Premium Payments?
• Positive Sentiment: AXP became the official payments partner of St Andrews Links, expanding its premium sports and lifestyle partnership portfolio. The agreement may support international brand awareness, card-member engagement, and premium-card acquisition, although the near-term financial impact is likely limited. American Express and St Andrews Links Trust Announce Partnership
• Positive Sentiment: A recent profile highlighted CEO Steve Squeri’s strategy of attracting younger customers with premium products such as the Platinum Card. The company’s success with millennials and Gen Z supports the long-term value of its premium-card model. The American Express CEO Defied Haters
• Neutral Sentiment: Analyst opinions on American Express are mixed, indicating limited consensus on the stock’s valuation and outlook. Management is scheduled to participate in the Barclays Global Financial Services Conference on September 16, which could provide additional commentary on spending trends, credit quality, and guidance. Analysts’ Opinions Are Mixed on American Express American Express to Participate in Barclays Global Financial Services Conference
• Negative Sentiment: A 2026 Long Angle survey of more than 9,000 high-net-worth individuals found that Amex and Chase lagged other providers in loyalty, while Fidelity and Schwab ranked better in banking-related categories. The findings raise concerns about customer retention and competitive pressure in an important premium segment. Long Angle High-Net-Worth Study

American Express Profile

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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