American Express Company $AXP Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its stake in shares of American Express Company (NYSE:AXP) by 43.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 95,191 shares of the payment services company’s stock after buying an additional 28,729 shares during the period. State of Alaska Department of Revenue’s holdings in American Express were worth $28,948,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AXP. BlackRock Inc. purchased a new position in American Express during the 2nd quarter valued at about $14,208,662,000. State Street Corp grew its holdings in American Express by 40.2% in the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after purchasing an additional 11,739,541 shares during the period. Bank of America Corp DE grew its holdings in American Express by 8.4% in the second quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock worth $2,695,702,000 after purchasing an additional 614,981 shares during the period. Corient Private Wealth LP bought a new position in shares of American Express during the second quarter valued at approximately $253,945,000. Finally, Bank of New York Mellon Corp bought a new position in shares of American Express during the second quarter valued at approximately $1,263,787,000. 84.33% of the stock is owned by institutional investors.

American Express Stock Up 1.5%

Shares of NYSE:AXP traded up $4.71 during trading on Thursday, reaching $311.65. 1,172,091 shares of the stock traded hands, compared to its average volume of 3,227,521. The stock has a 50-day moving average of $322.25 and a two-hundred day moving average of $325.22. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The stock has a market cap of $210.46 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 1.34 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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter last year, the firm earned $4.08 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. 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 17.65 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed 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 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 23.06%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. BTIG Research reduced their price objective on American Express from $315.00 to $230.00 and set a “sell” rating for the company in a research report on Monday, September 7th. Loop Capital lowered their price objective on American Express from $389.00 to $386.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Royal Bank Of Canada dropped their target price on American Express from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $365.63.

Key American Express News

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

• Positive Sentiment: Value-oriented investors see upside: Harris Oakmark’s third-quarter investor letter highlighted American Express as a compelling large-cap investment, suggesting confidence in the company’s long-term earnings power and valuation. What Makes American Express a Compelling Bet?
• Positive Sentiment: Growth at a relatively modest multiple: Analysts note that American Express raised its full-year revenue outlook in its latest quarterly report, while the stock has cooled despite double-digit revenue growth. Its latest results also showed adjusted EPS of $4.53, above the $4.41 consensus, and revenue growth of 10% year over year. American Express Double-Digit Growth at a Below-Average Multiple
• Positive Sentiment: AI commerce could add a new growth avenue: American Express is developing AI-powered payment security and its “Proof of Intent” token to support agent-led purchases. If successful, the technology could reduce fraud, protect transactions and increase payment volumes as agentic checkout expands. Can American Express Turn AI Commerce Into a New Growth Driver?
• Positive Sentiment: Brokerage targets imply potential upside: American Express has a consensus price target of $365.63, well above the trading level cited in the market update, indicating that analysts collectively see room for appreciation. American Express Consensus Target Price
• Neutral Sentiment: Marketing partnership: Rakuten launched a limited-edition Naruto Shippuden design for the Rakuten American Express Card. The promotion may support customer engagement, but its direct financial effect on AXP is likely limited. Rakuten Naruto Shippuden American Express Card
• Negative Sentiment: Regulatory costs remain an overhang: Coverage highlights a recent $350 million AML fine, which could weigh on earnings, compliance expenses and investor sentiment even though American Express continues to generate strong returns on equity. American Express Stock May Sit Below Fair Value As AML Fine Lands

American Express Company Profile

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.