American Express Company $AXP Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC decreased its position in shares of American Express Company (NYSE:AXP) by 3.8% in the 3rd quarter, Holdings Channel reports. The firm owned 265,930 shares of the payment services company’s stock after selling 10,606 shares during the quarter. Douglas Lane & Associates LLC’s holdings in American Express were worth $80,869,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Breakwater Capital Group boosted its stake in shares of American Express by 108.4% in the third quarter. Breakwater Capital Group now owns 3,895 shares of the payment services company’s stock worth $1,184,000 after buying an additional 2,026 shares during the last quarter. Chapin Davis Inc. raised its position in American Express by 31.1% during the third quarter. Chapin Davis Inc. now owns 2,008 shares of the payment services company’s stock worth $611,000 after acquiring an additional 476 shares during the period. LifeGoal Investments LLC purchased a new position in American Express in the 3rd quarter valued at about $208,000. Monument Capital Management lifted its position in shares of American Express by 10.7% in the third quarter. Monument Capital Management now owns 1,244 shares of the payment services company’s stock valued at $378,000 after acquiring an additional 120 shares in the last quarter. Finally, Stableford Capital II LLC acquired a new position in American Express in the 3rd quarter valued at $1,123,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express News Summary

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

• Positive Sentiment: Royal Bank of Canada maintained an “outperform” rating on American Express while lowering its price target from $415 to $400. The revised target still implies substantial upside from recent trading levels. RBC American Express price target report
• Positive Sentiment: American Express continues investing in growth initiatives, including a new corporate platform and programs helping merchants prepare for AI-driven and “agentic” commerce. These efforts could support future payment volume and customer engagement, although their financial impact remains uncertain. American Express corporate platform article
• Neutral Sentiment: Investors are awaiting American Express’ quarterly results on October 23. Earnings will be important for assessing spending trends, credit quality and whether the company remains on track for its fiscal 2026 EPS guidance of $17.30 to $17.90.
• Negative Sentiment: The Office of the Comptroller of the Currency assessed a $350 million civil money penalty and issued a cease-and-desist order after identifying significant weaknesses in American Express’ enterprise-wide AML program, particularly at its national bank subsidiary. OCC penalty announcement
• Negative Sentiment: Regulators said the deficiencies persisted for nearly 11 years and left approximately $13 billion in suspected money-laundering activity inadequately monitored or reported. The direct financial penalty is manageable relative to American Express’ size, but remediation costs, enhanced oversight, reputational damage and potential restrictions on growth create longer-term risks. American Express AML penalty analysis

American Express Price Performance

Shares of NYSE AXP traded up $0.04 on Friday, hitting $308.14. The company’s stock had a trading volume of 1,190,983 shares, compared to its average volume of 3,240,698. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The stock has a 50 day moving average of $325.07 and a 200-day moving average of $324.99. The company has a market capitalization of $208.09 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 1.31 and a beta of 1.08.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same quarter last year, the business earned $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. As a group, research analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 9th. American Express’s payout ratio is currently 23.06%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AXP. TD Cowen lowered their price target on shares of American Express from $338.00 to $335.00 and set a “hold” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $328.00 to $400.00 in a report on Monday, July 13th. Citigroup reduced their price objective on shares of American Express from $355.00 to $340.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Bank of America increased their price objective on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Benchmark initiated coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Express has an average rating of “Hold” and a consensus target price of $364.52.

About American Express

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.