Notis McConarty Edward Purchases Shares of 10,389 American Express Company $AXP

Notis McConarty Edward acquired a new stake in American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,389 shares of the payment services company’s stock, valued at approximately $3,514,000. American Express accounts for approximately 1.5% of Notis McConarty Edward’s portfolio, making the stock its 25th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of AXP. BlackRock Inc. bought a new stake in shares of American Express in the second quarter worth about $14,208,662,000. Norges Bank bought a new position in American Express during the 4th quarter valued at approximately $2,464,215,000. Bank of New York Mellon Corp bought a new position in American Express during the 2nd quarter valued at approximately $1,263,787,000. Deutsche Bank AG purchased a new stake in American Express in the 2nd quarter worth approximately $927,950,000. Finally, Capital World Investors lifted its holdings in American Express by 46.7% in 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 buying an additional 2,393,340 shares during the period. 84.33% of the stock is owned by 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

American Express Trading Up 0.4%

Shares of NYSE AXP opened at $339.90 on Thursday. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The stock has a market cap of $229.54 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. The firm has a 50-day moving average of $342.72 and a 200 day moving average of $326.91. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping the consensus estimate of $4.41 by $0.12. The business had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. American Express’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts expect that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors 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 annualized dividend and a dividend yield of 1.1%. American Express’s dividend payout ratio is presently 23.06%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada cut American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. Loop Capital started coverage on American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target for the company. Guggenheim assumed coverage on shares of American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. Evercore set a $370.00 price objective on shares of American Express in a research report on Monday, July 27th. Finally, DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective for the company in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned 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, American Express currently has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

About American Express

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.