Renaissance Technologies LLC Makes New $166.63 Million Investment in American Express Company $AXP

Renaissance Technologies LLC purchased a new stake in American Express Company (NYSE:AXP) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 550,880 shares of the payment services company’s stock, valued at approximately $166,630,000.

A number of other hedge funds also recently bought and sold shares of the business. Keybank National Association OH raised its position in shares of American Express by 3.0% during the 4th quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock worth $132,909,000 after purchasing an additional 10,495 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in American Express by 34.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock worth $51,751,000 after buying an additional 35,533 shares during the last quarter. Country Trust Bank increased its stake in American Express by 14.0% during the 4th quarter. Country Trust Bank now owns 121,774 shares of the payment services company’s stock worth $45,050,000 after buying an additional 14,931 shares in the last quarter. Peapack Gladstone Financial Corp raised its holdings in shares of American Express by 6.2% during the fourth quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock valued at $24,416,000 after acquiring an additional 3,855 shares during the last quarter. Finally, Thames Capital Management LLC lifted its position in shares of American Express by 189.6% in the fourth quarter. Thames Capital Management LLC now owns 80,463 shares of the payment services company’s stock valued at $29,767,000 after acquiring an additional 52,679 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AXP shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. Guggenheim assumed coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. Royal Bank Of Canada cut shares of American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. Morgan Stanley upgraded shares of American Express from a “positive” rating to an “overweight” rating in a research report on Monday, July 13th. Finally, DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $374.11.

American Express Stock Down 4.4%

Shares of AXP opened at $325.86 on Friday. The firm has a market cap of $222.34 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 1.37 and a beta of 1.04. American Express Company has a 12-month low of $288.34 and a 12-month high of $387.49. The company’s 50-day moving average price is $332.50 and its 200 day moving average price is $330.33. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.13% and a return on equity of 33.95%. The company had revenue of $14.99 billion during the quarter, compared to analyst estimates of $19.70 billion. During the same quarter last year, the firm posted $4.08 earnings per share. American Express’s 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. On average, sell-side analysts forecast that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is currently 23.71%.

Key Headlines Impacting American Express

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

• Positive Sentiment: American Express beat Q2 EPS estimates with $4.53 per share and reported 10% year-over-year revenue growth, showing resilient demand from cardmembers. AmEx raises 2026 revenue growth forecast as affluent cardholders keep spending
• Positive Sentiment: The company raised its 2026 revenue growth forecast and guided full-year EPS to $17.30-$17.90, signaling confidence that premium card spending on travel and dining remains strong. American Express Reports Second-Quarter 2026 Financial Results
• Positive Sentiment: Management said cardmember spending stayed healthy, with strong travel and entertainment demand and continued strength among affluent customers, which supports revenue momentum. American Express Sales, Profit Rise on Higher Card Member Spending
• Neutral Sentiment: Analysts and market commentary suggest the stock reaction is being driven by an earnings-quality debate: investors liked the beat, but the market is questioning whether growth can continue while expenses rise. Why American Express Stock Fell 6.5% Friday Morning
• Negative Sentiment: Revenue came in below some Wall Street expectations, and reports highlighted softer net interest income and rising operating costs, which helped trigger selling despite the profit beat. American Express shares slip despite earnings beat as revenue falls short of forecasts

American Express Company Profile

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.