Simplicity Wealth LLC Sells 31,096 Shares of American Express Company $AXP

Key Points

• Simplicity Wealth LLC cut its American Express stake by 83% in the third quarter, selling 31,096 shares and retaining 6,366 shares worth approximately $1.94 million.
• American Express reported quarterly EPS of $4.68, beating estimates of $4.50, while revenue rose 8.9% year over year to $20.06 billion. Management issued fiscal 2026 EPS guidance of $17.60–$17.90.
• Institutional investors own 84.33% of AXP, and analysts maintain a consensus “Moderate Buy” rating with an average price target of $365. The company also declared a quarterly dividend of $0.95 per share, implying a 1.2% yield.

Simplicity Wealth LLC decreased its position in American Express Company (NYSE:AXP - Free Report) by 83.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,366 shares of the payment services company's stock after selling 31,096 shares during the period. Simplicity Wealth LLC's holdings in American Express were worth $1,936,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of American Express in the second quarter valued at $14,208,662,000. State Street Corp grew its holdings in shares of American Express by 40.2% during the second 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 in the last quarter. Corient Private Wealth LP purchased a new position in shares of American Express during the second quarter valued at $253,945,000. Bank of New York Mellon Corp acquired a new position in American Express during the second quarter valued at $1,263,787,000. Finally, Legal & General Group Plc acquired a new position in American Express during the second quarter valued at $1,138,054,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Stock Up 0.6%

Shares of American Express stock opened at $315.04 on Tuesday. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.65 and a debt-to-equity ratio of 1.64. The stock has a 50 day moving average price of $319.16 and a two-hundred day moving average price of $327.89. The stock has a market capitalization of $212.75 billion, a P/E ratio of 18.40, a PEG ratio of 1.33 and a beta of 1.08.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, topping analysts' consensus estimates of $4.50 by $0.18. The business had revenue of $20.06 billion during the quarter, compared to analysts' expectations of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. American Express's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Equities analysts expect that American Express Company will post 17.65 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be issued a dividend of $0.95 per share. The ex-dividend date is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. American Express's payout ratio is 21.40%.

American Express News Summary

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

• Positive Sentiment: American Express reported third-quarter adjusted earnings of $4.68 per share, exceeding consensus estimates, while management highlighted strong premium-card spending, travel and entertainment activity, and higher net card fees. American Express’s Q3 earnings call: our top 5 analyst questions
• Positive Sentiment: Management raised its 2026 earnings outlook, with full-year EPS guidance of $17.60 to $17.90, supported by premium customer growth, increasing annual card fees and resilient spending. AXP Q3 Earnings Call Highlights Guidance Hike and AI Strategy
• Positive Sentiment: JPMorgan raised its price target to $365 from $360 and maintained an Overweight rating, indicating continued confidence in American Express’s earnings and fee-growth outlook. JPMorgan American Express price-target update
• Positive Sentiment: Analysts and market commentary continue to view American Express as a long-term beneficiary of expanding digital payments, global transaction volumes and accelerating card-fee growth. Visa, Mastercard, or American Express: Which Payment Stock Is the Better Buy?
• Neutral Sentiment: American Express is expanding its use of artificial intelligence, while its CEO said AI may make rewards programs easier for customers to exploit but could also give issuers better tools to manage benefits. AmEx CEO Says AI Could Make Credit Card Rewards Easier to Game
• Negative Sentiment: Revenue was broadly in line with expectations in some reports but below estimates in others, despite year-over-year growth, tempering the earnings beat. Investors are also monitoring restructuring charges, legal expenses and a regulatory civil penalty. AXP Q3 deep dive: premium growth drivers and AI investments amid competitive headwinds
• Negative Sentiment: Barclays lowered its price target after the results, highlighting potential pressure from expenses, competition and the company’s AI-related restructuring investment. Analysts revise forecasts on American Express after Q3 results

Analysts Set New Price Targets

A number of research firms have recently issued reports on AXP. President Capital increased their price target on shares of American Express from $359.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. Evercore set a $320.00 price objective on shares of American Express in a research report on Thursday, October 1st. Benchmark began coverage on shares of American Express in a research note on Monday, July 13th. They issued a "buy" rating on the stock. The Goldman Sachs Group increased their target price on shares of American Express from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. Finally, Loop Capital decreased their target price on shares of American Express from $389.00 to $386.00 and set a "buy" rating for the company in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $365.00.

About American Express

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.

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