TD Waterhouse Canada Inc. Sells 11,168 Shares of American Express Company $AXP

Key Points

• TD Waterhouse Canada reduced its American Express stake by 3%, selling 11,168 shares and retaining 365,307 shares valued at approximately $127.2 million. Institutional investors collectively own 84.33% of AXP.
• 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.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of $373.32, despite targets ranging from a $315 sell-case objective to a $400 overweight target.

TD Waterhouse Canada Inc. cut its holdings in shares of American Express Company (NYSE:AXP) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 365,307 shares of the payment services company's stock after selling 11,168 shares during the quarter. TD Waterhouse Canada Inc. owned 0.05% of American Express worth $127,209,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Flputnam Investment Management Co. acquired a new stake in shares of American Express during the 2nd quarter worth approximately $12,879,000. Evolve Private Wealth LLC acquired a new position in American Express during the second quarter valued at approximately $5,172,000. Swiss Life Asset Management Ltd raised its position in American Express by 34.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company's stock valued at $51,751,000 after purchasing an additional 35,533 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in American Express during the second quarter worth $11,642,000. Finally, Peapack Gladstone Financial Corp lifted its stake in American Express by 6.2% during the fourth quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company's stock worth $24,416,000 after purchasing an additional 3,855 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Down 0.1%

Shares of NYSE:AXP opened at $329.79 on Friday. The company has a fifty day moving average of $341.96 and a 200-day moving average of $325.36. The company has a market capitalization of $222.71 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05. 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 released its quarterly earnings data 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. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter last year, the business posted $4.08 EPS. American Express'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, equities analysts predict that American Express Company will post 17.68 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded American Express from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $328.00 to $400.00 in a research note on Monday, July 13th. BTIG Research dropped their price objective on American Express from $324.00 to $315.00 and set a "sell" rating for the company in a research report on Monday, July 27th. Evercore set a $370.00 price objective on American Express in a research note on Monday, July 27th. Truist Financial lifted their target price on American Express from $360.00 to $375.00 and gave the company a "buy" rating in a research report on Wednesday, June 24th. Finally, Bank of America boosted their target price on American Express from $387.00 to $391.00 and gave the stock a "buy" rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $373.32.

American Express 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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