Knuff & Co LLC Takes Position in American Express Company $AXP

Knuff & Co LLC acquired a new position in American Express Company (NYSE:AXP) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 10,543 shares of the payment services company’s stock, valued at approximately $3,566,000. American Express makes up about 0.9% of Knuff & Co LLC’s investment portfolio, making the stock its 29th largest position.

Several other large investors have also modified their holdings of AXP. BlackRock Inc. acquired a new position in American Express during the 2nd quarter worth $14,208,662,000. State Street Corp increased its stake in shares of American Express by 1.3% in the fourth quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock worth $10,900,528,000 after purchasing an additional 369,967 shares during the period. Fisher Asset Management LLC increased its stake in shares of American Express by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock worth $3,338,238,000 after purchasing an additional 141,936 shares during the period. Bank of America Corp DE lifted its position in shares of American Express by 7.7% during the 4th quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock worth $2,904,218,000 after purchasing an additional 558,533 shares during the last quarter. Finally, Capital World Investors lifted its position in shares of American Express by 46.7% during 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 purchasing an additional 2,393,340 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

American Express News Roundup

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AXP. Evercore set a $370.00 target price on American Express in a report on Monday, July 27th. Bank of America upped their price target on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Truist Financial increased their price objective on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. UBS Group lowered their price objective on shares of American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, American Express currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.

American Express Stock Up 0.4%

Shares of AXP stock opened at $339.90 on Thursday. 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. American Express Company has a one year low of $290.97 and a one year high of $387.49. The stock has a fifty day moving average price of $342.72 and a 200 day moving average price 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 announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.12. The firm 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%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts predict that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express’s payout ratio is presently 23.06%.

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.