Reliant Investment Management LLC Buys 26,556 Shares of American Express Company $AXP

Key Points

• Reliant Investment Management initiated a 26,556-share American Express position worth approximately $8.1 million, making AXP its 14th-largest holding and 2.8% of its portfolio. Institutional investors and hedge funds collectively own 84.33% of the company.
• American Express exceeded quarterly EPS expectations, reporting $4.53 versus the $4.41 consensus, while revenue rose 10% year over year. The company issued fiscal 2026 EPS guidance of $17.30–$17.90 and declared a $0.95 quarterly dividend.
• Analyst sentiment remains broadly positive but mixed, with a “Moderate Buy” consensus and an average price target of $365.63 versus the reported share price of $306.57; several firms recently lowered targets while maintaining neutral or positive ratings.

Reliant Investment Management LLC bought a new position in shares of American Express Company (NYSE:AXP - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,556 shares of the payment services company's stock, valued at approximately $8,076,000. American Express comprises approximately 2.8% of Reliant Investment Management LLC's investment portfolio, making the stock its 14th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in American Express in the second quarter valued at $14,208,662,000. State Street Corp raised its stake in shares of American Express by 40.2% during the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company's stock valued at $13,857,176,000 after buying an additional 11,739,541 shares during the last quarter. Bank of America Corp DE raised its stake in shares of American Express by 8.4% during the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company's stock valued at $2,695,702,000 after buying an additional 614,981 shares during the last quarter. Corient Private Wealth LP acquired a new position in shares of American Express in the 2nd quarter valued at about $253,945,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of American Express in the 2nd quarter valued at about $1,263,787,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Performance

Shares of AXP stock opened at $306.57 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The business's 50 day moving average is $322.25 and its two-hundred day moving average is $325.22. The company has a market capitalization of $207.03 billion, a P/E ratio of 18.60, a P/E/G ratio of 1.34 and a beta of 1.08.

American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping 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 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 prior year, the company posted $4.08 EPS. The business's quarterly 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. Analysts expect that American Express Company will post 17.65 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express's payout ratio is presently 23.06%.

Analysts Set New Price Targets

A number of brokerages have recently commented on AXP. Citigroup lowered their target price on American Express from $355.00 to $340.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 30th. Barclays reduced their price target on American Express from $364.00 to $342.00 and set an "equal weight" rating for the company in a research report on Monday, October 5th. Bank of America boosted their price target on American Express from $387.00 to $391.00 and gave the company a "buy" rating in a report on Thursday, July 9th. Evercore set a $320.00 price target on American Express in a report on Thursday, October 1st. Finally, Morgan Stanley lowered their price objective on American Express from $382.00 to $380.00 and set an "equal weight" rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Express presently has a consensus rating of "Moderate Buy" and a consensus target price of $365.63.

American Express News Roundup

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

• Positive Sentiment: American Express is developing an “Intent Intelligence” framework and “Proof of Intent” token to help ensure AI agents complete only authorized purchases. If adopted broadly, the technology could reduce fraud and disputes, support safer agentic commerce and increase payment volumes. American Express Publishes Intent Intelligence Framework for Trusted Agentic Commerce
• Positive Sentiment: Analysts cited in recent coverage see a consensus price target of approximately $365.63, implying upside from recent trading levels. Other commentary highlights double-digit growth and a below-average valuation multiple, while the company has raised its full-year revenue outlook. American Express Consensus Target Price
• Neutral Sentiment: American Express was named title sponsor of the inaugural Hong Kong Sail Grand Prix. The agreement may strengthen brand visibility and customer engagement, but its direct financial impact is likely limited. American Express Named Title Sponsor of Hong Kong Sail Grand Prix
• Neutral Sentiment: Analyst views remain mixed: some see attractive growth at the current multiple, while others question whether the stock price fully reflects the returns generated by the business. This divergence could limit near-term momentum. Analysts Conflicted on American Express
• Negative Sentiment: A reported $350 million AML fine is weighing on the investment case. The penalty raises concerns about compliance costs, regulatory oversight and potential reputational damage, and is a key reason investors may view AXP as below fair value despite its earnings growth. American Express Stock May Sit Below Fair Value as AML Fine Lands

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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