Nippon Life Global Investors Americas Inc. Sells 7,520 Shares of American Express Company $AXP

Nippon Life Global Investors Americas Inc. decreased its holdings in American Express Company (NYSE:AXP) by 18.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 32,590 shares of the payment services company’s stock after selling 7,520 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in American Express were worth $9,911,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Columbia Bank raised its holdings in American Express by 7.2% during the 3rd quarter. Columbia Bank now owns 2,826 shares of the payment services company’s stock worth $859,000 after purchasing an additional 191 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of American Express during the third quarter worth approximately $49,417,000. Profund Advisors LLC lifted its holdings in American Express by 6.5% in the third quarter. Profund Advisors LLC now owns 9,153 shares of the payment services company’s stock valued at $2,783,000 after buying an additional 556 shares during the period. Vise Technologies Inc. acquired a new position in American Express in the third quarter valued at approximately $13,674,000. Finally, Global Assets Advisory LLC boosted its stake in American Express by 5.9% in the third quarter. Global Assets Advisory LLC now owns 2,955 shares of the payment services company’s stock valued at $897,000 after acquiring an additional 165 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on AXP shares. Bank of America upped their target price on shares of American Express from $387.00 to $391.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Benchmark began coverage on shares of American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. UBS Group lowered their price target on American Express from $384.00 to $345.00 and set a “neutral” rating for the company in a report on Monday, October 5th. JPMorgan Chase & Co. raised their price target on American Express from $360.00 to $365.00 and gave the stock an “overweight” rating in a research report on Monday, October 26th. Finally, Piper Sandler increased their target price on American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $365.19.

Key Stories Impacting American Express

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

• Positive Sentiment: American Express introduced a new redemption option allowing eligible consumer and business cash-back cardmembers to deposit Reward Dollars into American Express High Yield Savings Accounts and Business Checking Accounts. The feature could improve customer retention, deepen relationships across the company’s card and banking products, and support deposit growth. American Express Connects Cash Back to High Yield Savings Accounts and Business Checking Accounts
• Positive Sentiment: The launch of Canada’s first Hilton Honors American Express co-branded card expands the company’s international partnership with Hilton and could generate additional spending, fees, and customer acquisition. American Express and Hilton Launch Canada’s First Hilton Honors Credit Card
• Positive Sentiment: American Express benefited from positive payments-sector sentiment after Mastercard reported better-than-expected revenue and earnings, although the effect may be temporary. Mastercard Rises on Revenue and EPS Beat
• Neutral Sentiment: American Express issued $1.5 billion of fixed-to-floating-rate notes carrying a 5.447% rate. The financing provides capital, but increases interest expense and leverage exposure. American Express Issues New Fixed-to-Floating Rate Notes
• Neutral Sentiment: Analyst coverage remains mixed. Commentary favors Mastercard for faster growth, more diversified revenue, and lower credit risk, while other coverage highlights AXP’s strong profitability, revenue growth, share repurchases, and Berkshire Hathaway’s sizable stake.
• Negative Sentiment: A U.S. Bank risk executive is reportedly moving to American Express as the company deals with regulatory penalties related to anti-money-laundering compliance failures. The leadership addition may strengthen risk controls, but the penalties and compliance scrutiny create reputational and cost risks. U.S. Bank Risk Chief Heads to Amex
• Negative Sentiment: Relative-value analysis argues that Mastercard currently offers better growth prospects and lower credit risk than American Express, potentially limiting investor enthusiasm for AXP despite its lower valuation.

American Express Price Performance

Shares of NYSE AXP opened at $319.03 on Monday. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The stock has a market capitalization of $213.93 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 1.35 and a beta of 1.09. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.58. The business has a 50-day moving average of $317.18 and a 200-day moving average of $326.44.

American Express (NYSE:AXP) last released its earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, beating the consensus estimate of $4.50 by $0.18. The business had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the business earned $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, sell-side analysts predict that American Express Company will post 17.88 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be given 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 payout ratio is 21.40%.

American Express Company Profile

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.