6,379 American Express Company $AXP Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp decreased its position in shares of American Express Company (NYSE:AXP) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,763 shares of the payment services company’s stock after selling 6,379 shares during the quarter. American Express makes up 1.3% of Heritage Investors Management Corp’s holdings, making the stock its 18th largest holding. Heritage Investors Management Corp’s holdings in American Express were worth $44,327,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AXP. BlackRock Inc. purchased a new position in American Express during the 2nd quarter valued at about $14,208,662,000. State Street Corp raised its holdings in shares of American Express by 40.2% in 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 purchasing an additional 11,739,541 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of American Express by 8.4% in 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 purchasing an additional 614,981 shares in the last quarter. Corient Private Wealth LP purchased a new stake in shares of American Express in the 2nd quarter worth approximately $253,945,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of American Express in the 2nd quarter worth approximately $1,263,787,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AXP shares. Guggenheim started coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $330.00 price objective on shares of American Express in a research note on Friday, October 23rd. Piper Sandler upped their target price on American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Citigroup lowered their target price on American Express from $340.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, October 27th. Finally, TD Cowen dropped their target price on American Express from $338.00 to $335.00 and set a “hold” rating on the stock in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, American Express currently has a consensus rating of “Moderate Buy” and an average target price of $365.19.

American Express Stock Performance

Shares of American Express stock opened at $319.03 on Monday. The company has a market capitalization of $213.93 billion, a PE ratio of 17.96, a P/E/G ratio of 1.35 and a beta of 1.09. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.58 and a current ratio of 1.58. The company has a 50-day simple moving average of $317.18 and a two-hundred day simple moving average of $326.44. American Express Company has a one year low of $290.97 and a one year high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, beating the consensus estimate of $4.50 by $0.18. American Express had a net margin of 15.80% and a return on equity of 34.19%. The business had revenue of $20.06 billion during the quarter, compared to analyst estimates of $20.12 billion. During the same period in the prior year, the firm posted $4.14 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Research analysts expect that American Express Company will post 17.88 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio is presently 21.40%.

More American Express News

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

• Positive Sentiment: American Express introduced a new redemption option allowing eligible consumer and business cash-back cardmembers to deposit Reward Dollars into American Express High Yield Savings Accounts and Business Checking Accounts. The feature could improve customer retention, deepen relationships across the company’s card and banking products, and support deposit growth. American Express Connects Cash Back to High Yield Savings Accounts and Business Checking Accounts
• Positive Sentiment: The launch of Canada’s first Hilton Honors American Express co-branded card expands the company’s international partnership with Hilton and could generate additional spending, fees, and customer acquisition. American Express and Hilton Launch Canada’s First Hilton Honors Credit Card
• Positive Sentiment: American Express benefited from positive payments-sector sentiment after Mastercard reported better-than-expected revenue and earnings, although the effect may be temporary. Mastercard Rises on Revenue and EPS Beat
• Neutral Sentiment: American Express issued $1.5 billion of fixed-to-floating-rate notes carrying a 5.447% rate. The financing provides capital, but increases interest expense and leverage exposure. American Express Issues New Fixed-to-Floating Rate Notes
• Neutral Sentiment: Analyst coverage remains mixed. Commentary favors Mastercard for faster growth, more diversified revenue, and lower credit risk, while other coverage highlights AXP’s strong profitability, revenue growth, share repurchases, and Berkshire Hathaway’s sizable stake.
• Negative Sentiment: A U.S. Bank risk executive is reportedly moving to American Express as the company deals with regulatory penalties related to anti-money-laundering compliance failures. The leadership addition may strengthen risk controls, but the penalties and compliance scrutiny create reputational and cost risks. U.S. Bank Risk Chief Heads to Amex
• Negative Sentiment: Relative-value analysis argues that Mastercard currently offers better growth prospects and lower credit risk than American Express, potentially limiting investor enthusiasm for AXP despite its lower valuation.

American Express Company Profile

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.