Knuff & Co LLC Purchases New Holdings in American Express Company $AXP

Key Points

• Knuff & Co LLC acquired 10,543 American Express shares in the second quarter, worth approximately $3.57 million and representing 0.9% of its portfolio. Institutional investors collectively own 84.33% of AXP.
• American Express reported second-quarter EPS of $4.53, beating estimates of $4.41, while revenue rose 10% year over year to $19.64 billion. The company reaffirmed fiscal 2026 EPS guidance of $17.30–$17.90.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $373.32, despite several recent target-price reductions and downgrades to “Hold.”

Knuff & Co LLC acquired a new position in American Express Company (NYSE:AXP - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,543 shares of the payment services company's stock, valued at approximately $3,566,000. American Express accounts for 0.9% of Knuff & Co LLC's investment portfolio, making the stock its 29th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AXP. Brighton Jones LLC boosted its position in American Express by 24.4% during the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company's stock worth $1,924,000 after acquiring an additional 1,273 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of American Express by 13.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company's stock valued at $554,000 after purchasing an additional 200 shares during the period. Schnieders Capital Management LLC. acquired a new position in shares of American Express in the 2nd quarter valued at about $428,000. Howland Capital Management LLC lifted its position in shares of American Express by 4.2% in the second quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company's stock worth $707,000 after purchasing an additional 90 shares in the last quarter. Finally, HUB Investment Partners LLC boosted its holdings in shares of American Express by 19.9% during the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company's stock worth $924,000 after purchasing an additional 481 shares during the period. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express News Roundup

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

• Positive Sentiment: American Express is expanding its premium lifestyle and sports partnerships by naming St Andrews Links its Official Payments Partner. The agreement could increase global brand visibility, card-member engagement and spending among affluent travelers and golf fans. American Express and St Andrews Links Trust partnership
• Positive Sentiment: AXP has expanded virtual-card capabilities for U.S. commercial customers through its @ Work platform and Conferma. The move embeds American Express more deeply into corporate payment and travel workflows, potentially improving retention, security and business-spending volumes. American Express expanded virtual cards strategy
• Positive Sentiment: A profile of CEO Steve Squeri highlights American Express’s successful focus on millennials and Gen Z customers, including the willingness of younger consumers to pay premium annual fees for differentiated benefits. The narrative reinforces the company’s premium-card strategy and customer growth potential. American Express CEO and premium card strategy
• Neutral Sentiment: Management will participate in the Barclays Global Financial Services Conference on September 16. The event may provide updates on spending trends, credit quality and 2026 guidance, but no new financial outlook was announced. American Express Barclays conference announcement
• Neutral Sentiment: American Express is among the holdings in US Financial 15 Split Corp., which declared a monthly preferred-share distribution. The announcement has no direct impact on AXP’s earnings or capital allocation. US Financial 15 preferred dividend announcement

Wall Street Analysts Forecast Growth

AXP has been the topic of several research reports. UBS Group dropped their price objective on shares of American Express from $386.00 to $384.00 and set a "neutral" rating on the stock in a research note on Monday, August 3rd. TD Cowen lifted their target price on shares of American Express from $330.00 to $338.00 and gave the company a "hold" rating in a research note on Tuesday, July 7th. Evercore set a $370.00 price target on shares of American Express in a report on Monday, July 27th. Morgan Stanley dropped their price target 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, Royal Bank Of Canada lowered American Express from a "moderate buy" rating to a "hold" rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, American Express currently has a consensus rating of "Moderate Buy" and a consensus price target of $373.32.

American Express Trading Up 0.4%

NYSE:AXP opened at $339.90 on Thursday. The company has a market capitalization of $229.54 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.36 and a beta of 1.04. The stock's 50 day moving average price is $342.72 and its 200 day moving average price is $326.91. 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 52 week low of $290.97 and a 52 week high of $387.49.

American Express (NYSE:AXP - Get Free Report) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $19.70 billion. During the same period in the previous year, the company earned $4.08 earnings per share. The company's revenue 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. On average, research analysts forecast that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were issued a $0.95 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express's dividend payout ratio is currently 23.06%.

American Express Company 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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