Galvin Gaustad & Stein LLC Buys 19,587 Shares of American Express Company $AXP

Key Points

• Galvin Gaustad & Stein LLC increased its American Express stake by 49.2% in the third quarter, acquiring 19,587 shares and bringing its total holdings to 59,384 shares valued at approximately $18.1 million.
• Other institutional investors also raised their positions, and institutions and hedge funds now own 84.33% of AXP shares.
• Analyst sentiment remains mixed but broadly positive, with an average “Hold” rating and a $365.07 price target; American Express recently beat quarterly earnings expectations and maintained 2026 EPS guidance of $17.30–$17.90.

Galvin Gaustad & Stein LLC grew its stake in shares of American Express Company (NYSE:AXP - Free Report) by 49.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,384 shares of the payment services company's stock after buying an additional 19,587 shares during the period. American Express accounts for approximately 1.4% of Galvin Gaustad & Stein LLC's holdings, making the stock its 22nd biggest holding. Galvin Gaustad & Stein LLC's holdings in American Express were worth $18,059,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Grove Bank & Trust boosted its holdings in American Express by 0.6% in the third quarter. Grove Bank & Trust now owns 7,206 shares of the payment services company's stock valued at $2,191,000 after acquiring an additional 46 shares during the last quarter. Farther Finance Advisors LLC increased its stake in American Express by 69.3% during the third quarter. Farther Finance Advisors LLC now owns 31,583 shares of the payment services company's stock worth $9,604,000 after acquiring an additional 12,928 shares during the last quarter. Sapient Capital LLC increased its stake in American Express by 261.9% during the third quarter. Sapient Capital LLC now owns 24,437 shares of the payment services company's stock worth $7,431,000 after acquiring an additional 17,685 shares during the last quarter. Atwood & Palmer Inc. raised its holdings in shares of American Express by 245,847.8% in the 3rd quarter. Atwood & Palmer Inc. now owns 56,568 shares of the payment services company's stock worth $17,202,000 after purchasing an additional 56,545 shares during the period. Finally, YHB Investment Advisors Inc. lifted its stake in shares of American Express by 10.0% in the 3rd quarter. YHB Investment Advisors Inc. now owns 6,672 shares of the payment services company's stock valued at $2,208,000 after purchasing an additional 605 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express News Roundup

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

• Positive Sentiment: American Express launched an integrated Corporate Cashback platform combining new cards, expense-management software and AI tools intended to automate corporate spending controls and reporting. The company also said its cards are now accepted at more than 190 million locations globally, supporting its value proposition to business customers. American Express Rolls Out Corporate Cashback Platform As Acceptance Hits 190 Million Locations
• Positive Sentiment: Amex is advising merchants on preparing for AI-powered “agentic commerce,” including how to manage autonomous shopping agents and payment reliability. Offering protection if transactions go wrong could help build trust and strengthen Amex’s role in emerging digital commerce, though it may introduce some costs and liability. Amex Advises Businesses on AI
• Positive Sentiment: Strong demand for premium travel benefits is prompting American Express to build a significantly larger Centurion Lounge at Newark Airport. The expansion highlights continued customer demand and could support card acquisition and retention, although it also requires additional investment. Amex Supersizes Newark Airport Centurion Lounge Before It Even Opens
• Neutral Sentiment: AXP is attracting elevated attention on Zacks, but the article is primarily a recap of factors investors should consider rather than a new company announcement or changed forecast. American Express Is a Trending Stock
• Neutral Sentiment: Investors are also highlighting the upcoming dividend eligibility deadline, which may attract income-focused buyers, but the event is unlikely to materially change American Express’s underlying earnings outlook. Own American Express By Oct. 9 to Qualify for Its Dividend

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AXP shares. BMO Capital Markets started coverage on American Express in a report on Thursday. They set an "outperform" rating and a $380.00 target price for the company. Loop Capital cut their price target on shares of American Express from $389.00 to $386.00 and set a "buy" rating on the stock in a report on Monday, July 27th. Truist Financial decreased 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. DZ Bank raised shares of American Express from a "hold" rating to a "buy" rating and set a $375.00 price objective for the company in a research report on Thursday, June 18th. Finally, JPMorgan Chase & Co. upgraded shares of American Express from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $328.00 to $400.00 in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $365.07.

American Express Stock Performance

Shares of AXP opened at $307.85 on Friday. The firm has a market cap of $207.90 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.31 and a beta of 1.08. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The business's 50 day moving average is $325.07 and its two-hundred day moving average is $324.99. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share 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 the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts forecast that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders 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 dividend yield of 1.2%. The ex-dividend date is Friday, October 9th. American Express's dividend payout ratio is 23.06%.

American Express Company Profile

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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