Puzo Michael J Acquires Shares of 19,362 American Express Company $AXP

Key Points

• Puzo Michael J acquired 19,362 American Express shares worth approximately $6.55 million, making AXP a 1.7% portfolio holding. Institutional investors own 84.33% of the company’s outstanding stock.
• American Express reported quarterly EPS of $4.53, beating estimates of $4.41, while revenue rose 10% year over year to $19.64 billion. The company maintained fiscal 2026 EPS guidance of $17.30–$17.90 and pays an annualized dividend of $3.80 per share.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $373.32, although UBS and RBC recently issued neutral or hold views. The company is also expanding virtual-card services and premium partnerships to support commercial spending and customer engagement.

Puzo Michael J acquired a new stake in American Express Company (NYSE:AXP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,362 shares of the payment services company's stock, valued at approximately $6,549,000. American Express makes up 1.7% of Puzo Michael J's investment portfolio, making the stock its 25th biggest position.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in American Express in the second quarter valued at $14,208,662,000. Norges Bank acquired a new stake in American Express in the fourth quarter valued at $2,464,215,000. Bank of New York Mellon Corp purchased a new stake in American Express during the 2nd quarter worth about $1,263,787,000. Deutsche Bank AG purchased a new stake in American Express during the 2nd quarter worth about $927,950,000. Finally, Capital World Investors boosted its position in shares of American Express by 46.7% during the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company's stock worth $2,780,424,000 after acquiring an additional 2,393,340 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express News Summary

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

Analyst Ratings Changes

A number of research firms have recently commented on AXP. UBS Group dropped their price objective on American Express from $386.00 to $384.00 and set a "neutral" rating on the stock in a report on Monday, August 3rd. Royal Bank Of Canada downgraded American Express from a "moderate buy" rating to a "hold" rating in a report on Monday, July 13th. Weiss Ratings reiterated a "hold (c+)" rating on shares of American Express in a research note on Monday, July 13th. Loop Capital began coverage on shares of American Express in a report on Thursday, May 21st. They set a "buy" rating and a $389.00 price objective on the stock. Finally, Barclays boosted their price objective on shares of American Express from $322.00 to $364.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $373.32.

American Express Stock Performance

Shares of AXP stock opened at $339.90 on Thursday. The stock's 50-day moving average is $342.72 and its two-hundred day moving average 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 1 year low of $290.97 and a 1 year high of $387.49. The firm has a market cap of $229.54 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.36 and a beta of 1.04.

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 for the quarter, beating the consensus estimate of $4.41 by $0.12. The business had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business's quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts predict that American Express Company will post 17.67 earnings per share 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 paid 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 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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