American Express Company $AXP Stock Bought by Triangle Securities Wealth Management

Triangle Securities Wealth Management grew its position in shares of American Express Company (NYSE:AXP) by 88.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,637 shares of the payment services company’s stock after purchasing an additional 1,704 shares during the period. Triangle Securities Wealth Management’s holdings in American Express were worth $1,106,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in American Express in the 2nd quarter valued at $14,208,662,000. State Street Corp increased its position in American Express by 40.2% during 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 last quarter. Bank of America Corp DE increased its position in American Express by 8.4% during 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 last quarter. Corient Private Wealth LP purchased a new position in American Express during the second quarter worth approximately $253,945,000. Finally, Bank of New York Mellon Corp purchased a new position in American Express during the second quarter worth approximately $1,263,787,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Stock Down 1.1%

Shares of NYSE:AXP opened at $306.57 on Thursday. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a 50 day moving average of $322.25 and a two-hundred day moving average of $325.22. The company has a market capitalization of $207.03 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) 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 firm posted $4.08 earnings per share. The business’s quarterly revenue 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, analysts forecast that American Express Company will post 17.65 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AXP shares. Citigroup decreased their price target 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. Evercore set a $320.00 price objective on shares of American Express in a research note on Thursday, October 1st. Jefferies Financial Group upgraded American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. TD Cowen cut 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. Finally, Morgan Stanley cut their target price on American Express from $382.00 to $380.00 and set an “equal weight” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $365.63.

Key American Express News

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

• Positive Sentiment: American Express is developing an “Intent Intelligence” framework and “Proof of Intent” token to help ensure AI agents complete only authorized purchases. If adopted broadly, the technology could reduce fraud and disputes, support safer agentic commerce and increase payment volumes. American Express Publishes Intent Intelligence Framework for Trusted Agentic Commerce
• Positive Sentiment: Analysts cited in recent coverage see a consensus price target of approximately $365.63, implying upside from recent trading levels. Other commentary highlights double-digit growth and a below-average valuation multiple, while the company has raised its full-year revenue outlook. American Express Consensus Target Price
• Neutral Sentiment: American Express was named title sponsor of the inaugural Hong Kong Sail Grand Prix. The agreement may strengthen brand visibility and customer engagement, but its direct financial impact is likely limited. American Express Named Title Sponsor of Hong Kong Sail Grand Prix
• Neutral Sentiment: Analyst views remain mixed: some see attractive growth at the current multiple, while others question whether the stock price fully reflects the returns generated by the business. This divergence could limit near-term momentum. Analysts Conflicted on American Express
• Negative Sentiment: A reported $350 million AML fine is weighing on the investment case. The penalty raises concerns about compliance costs, regulatory oversight and potential reputational damage, and is a key reason investors may view AXP as below fair value despite its earnings growth. 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.