Ninety One UK Ltd Acquires 70,087 Shares of American Express Company $AXP

Key Points

• Ninety One UK Ltd acquired 70,087 American Express shares during the third quarter, worth approximately $21.3 million. Institutional investors and hedge funds collectively own 84.33% of AXP.
• American Express reported quarterly EPS of $4.53, exceeding the $4.41 analyst consensus, while revenue rose 10% year over year. The company guided to fiscal 2026 EPS of $17.30–$17.90 and declared a quarterly dividend of $0.95 per share.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $365.63 versus the recent $313.61 share price, though regulatory concerns—including a reported $350 million anti-money-laundering fine—remain a risk.

Ninety One UK Ltd acquired a new stake in American Express Company (NYSE:AXP - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 70,087 shares of the payment services company's stock, valued at approximately $21,313,000.

Several other hedge funds have also recently bought and sold shares of the company. PFG Private Wealth Management LLC lifted its position in shares of American Express by 19.4% during the third quarter. PFG Private Wealth Management LLC now owns 1,512 shares of the payment services company's stock worth $460,000 after purchasing an additional 246 shares in the last quarter. Ninety One SA Pty Ltd acquired a new position in shares of American Express in the third quarter valued at approximately $762,000. State of Alaska Department of Revenue grew its holdings in shares of American Express by 43.2% in the third quarter. State of Alaska Department of Revenue now owns 95,191 shares of the payment services company's stock valued at $28,948,000 after purchasing an additional 28,729 shares in the last quarter. Nvwm LLC increased its stake in American Express by 1.9% during the 3rd quarter. Nvwm LLC now owns 9,808 shares of the payment services company's stock worth $3,012,000 after buying an additional 180 shares during the period. Finally, Covenant Asset Management LLC increased its stake in American Express by 58.4% during the 3rd quarter. Covenant Asset Management LLC now owns 29,302 shares of the payment services company's stock worth $8,911,000 after buying an additional 10,802 shares during the period. Institutional investors and hedge funds own 84.33% of the company's stock.

American Express Stock Performance

Shares of AXP opened at $313.61 on Friday. The stock has a 50-day simple moving average of $321.67 and a 200-day simple moving average of $325.37. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The stock has a market capitalization of $211.79 billion, a PE ratio of 19.03, a PEG ratio of 1.31 and a beta of 1.08. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts' consensus estimates of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%. The business had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the previous year, the company posted $4.08 earnings per share. The business's revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts predict that American Express Company will post 17.65 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be paid a $0.95 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express's payout ratio is currently 23.06%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AXP shares. TD Cowen reduced their target price on shares of American Express from $338.00 to $335.00 and set a "hold" rating on the stock in a report on Tuesday, October 6th. Piper Sandler raised their price target on shares of American Express from $396.00 to $405.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. President Capital boosted their price target on shares of American Express from $359.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. Citigroup cut their price objective on American Express from $355.00 to $340.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 30th. Finally, DZ Bank raised American Express from a "hold" rating to a "buy" rating and set a $375.00 price objective on the stock in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $365.63.

More American Express News

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

• Positive Sentiment: Institutional investor support: Harris Oakmark’s third-quarter 2026 investor letter identified American Express as a compelling investment, signaling confidence in the company’s brand, business quality and long-term capital appreciation potential. What Makes American Express (AXP) a Compelling Bet?
• Positive Sentiment: AI commerce opportunity: American Express is developing issuer-side tools, including “Proof of Intent” and AI-powered payment security, to authenticate purchases made by autonomous shopping agents. If successful, the technology could protect against fraud, support higher transaction volumes and create a new payments growth channel. Can American Express Turn AI Commerce Into a New Growth Driver?
• Neutral Sentiment: Marketing partnership: Rakuten launched a limited-edition Naruto Shippuden design for the Rakuten American Express Card. The promotion may improve card engagement and brand visibility, but it does not change the card’s existing rewards or represent a material near-term earnings catalyst. Rakuten Introduces Limited Edition NARUTO SHIPPUDEN Credit Card Design
• Positive Sentiment: Analyst valuation support: Brokerages reportedly have a consensus target price of $365.63, implying meaningful upside relative to the recent trading level. However, the target is forward-looking and does not eliminate regulatory risks. American Express Consensus Target Price
• Negative Sentiment: AML fine and valuation concerns: A reported $350 million anti-money-laundering fine is pressuring the investment case, raising questions about compliance costs, regulatory oversight and whether AXP’s valuation fully reflects its earnings power. American Express Stock May Sit Below Fair Value As AML Fine Lands

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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