Bullock Wealth Management Group Sells 6,789 Shares of American Express Company $AXP

Key Points

• Bullock Wealth Management Group cut its American Express stake by 90.8% in the third quarter, selling 6,789 shares and retaining 684 shares valued at approximately $217,000.
• Institutional ownership remains high at 84.33%, with several other investment firms increasing their positions in American Express during the quarter.
• American Express reported quarterly EPS of $4.53, exceeding estimates, and maintained fiscal 2026 EPS guidance of $17.30–$17.90. Analysts hold a consensus “Hold” rating with an average price target of $364.52, while the company also declared a quarterly dividend of $0.95 per share.

Bullock Wealth Management Group lowered its position in American Express Company (NYSE:AXP) by 90.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 684 shares of the payment services company's stock after selling 6,789 shares during the quarter. Bullock Wealth Management Group's holdings in American Express were worth $217,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wedmont Private Capital boosted its position in shares of American Express by 42.9% in the 3rd quarter. Wedmont Private Capital now owns 18,055 shares of the payment services company's stock worth $5,491,000 after buying an additional 5,424 shares in the last quarter. Journey Retirement Planning & Investment Management LLC increased its holdings in American Express by 110.4% during the 3rd quarter. Journey Retirement Planning & Investment Management LLC now owns 4,064 shares of the payment services company's stock valued at $1,236,000 after acquiring an additional 2,132 shares in the last quarter. Cadent Capital Advisors LLC increased its holdings in American Express by 2.6% during the 3rd quarter. Cadent Capital Advisors LLC now owns 6,836 shares of the payment services company's stock valued at $2,079,000 after acquiring an additional 170 shares in the last quarter. Central Bank & Trust Co. raised its position in American Express by 63.6% during the third quarter. Central Bank & Trust Co. now owns 4,531 shares of the payment services company's stock worth $1,378,000 after acquiring an additional 1,761 shares during the last quarter. Finally, Breakwater Capital Group lifted its holdings in shares of American Express by 108.4% in the third quarter. Breakwater Capital Group now owns 3,895 shares of the payment services company's stock valued at $1,184,000 after purchasing an additional 2,026 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company's stock.

American Express Trading Up 0.0%

NYSE AXP traded up $0.08 during trading hours on Friday, hitting $308.18. 2,578,733 shares of the company's stock were exchanged, compared to its average volume of 3,248,135. The business's 50 day moving average is $325.07 and its 200-day moving average is $324.99. 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 Company has a 12-month low of $290.97 and a 12-month high of $387.49. The firm has a market capitalization of $208.12 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 1.31 and a beta of 1.08.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $14.99 billion during the quarter, compared to analysts' expectations of $19.70 billion. During the same quarter in the previous year, the business earned $4.08 EPS. The firm's revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be issued 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 presently 23.06%.

Analyst Ratings Changes

Several research firms have recently commented on AXP. Weiss Ratings reiterated a "hold (c+)" rating on shares of American Express in a research report on Monday, July 13th. Loop Capital cut their price objective on American Express from $389.00 to $386.00 and set a "buy" rating for the company in a research report on Monday, July 27th. Guggenheim began coverage on American Express in a research note on Monday, July 13th. They issued a "buy" rating on the stock. Benchmark began coverage on American Express in a report on Monday, July 13th. They set a "buy" rating on the stock. Finally, The Goldman Sachs Group raised their price target on American Express from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $364.52.

Key American Express News

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

• Positive Sentiment: BMO initiated coverage with a $380 price target, while Royal Bank of Canada maintained an Outperform rating and lowered its target from $415 to $400. Analysts cited continued growth in American Express’s premium customer base and the company’s ability to sustain revenue and earnings expansion despite intensifying competition. American Express Has More Room to Run Despite Rising Competition, Analyst Says
• Positive Sentiment: American Express launched a new corporate platform and continues investing in business and merchant tools, including guidance on how companies can use artificial intelligence. These initiatives could support corporate spending and strengthen longer-term customer relationships. American Express Launches New Corporate Platform
• Neutral Sentiment: American Express is scheduled to report quarterly results on October 23. Investors will look for evidence that premium-card growth, spending trends and earnings guidance can offset the regulatory setback. The company previously reported earnings above expectations and maintained fiscal 2026 EPS guidance of $17.30 to $17.90.
• Negative Sentiment: The Office of the Comptroller of the Currency and Federal Reserve fined American Express $350 million and issued regulatory orders over significant anti-money-laundering control failures. Regulators said inadequate resources, inexperienced personnel, weak training and internal-control gaps left approximately $13 billion in potentially suspicious activity insufficiently monitored or reported over nearly 11 years. The penalty creates a direct financial cost and raises concerns about compliance spending, reputational damage and potential additional oversight. OCC Assesses $350 Million Civil Money Penalty Against American Express

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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