American Express Company $AXP Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp cut its holdings in American Express Company (NYSE:AXP) by 4.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 145,763 shares of the payment services company’s stock after selling 6,379 shares during the quarter. American Express makes up about 1.3% of Heritage Investors Management Corp’s holdings, making the stock its 18th largest holding. Heritage Investors Management Corp’s holdings in American Express were worth $44,327,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of American Express during the second quarter valued at about $14,208,662,000. State Street Corp raised its position in shares of American Express by 40.2% in the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after purchasing an additional 11,739,541 shares during the last quarter. Corient Private Wealth LP purchased a new position in shares of American Express in the 2nd quarter valued at approximately $253,945,000. Bank of New York Mellon Corp purchased a new position in shares of American Express in the 2nd quarter valued at approximately $1,263,787,000. Finally, Legal & General Group Plc acquired a new stake in American Express in the 2nd quarter worth approximately $1,138,054,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

More American Express News

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.

Analysts Set New Price Targets

Several analysts have weighed in on AXP shares. The Goldman Sachs Group boosted their target price on shares of American Express from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Guggenheim started coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating on the stock. Truist Financial decreased their price target on shares of American Express from $375.00 to $370.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. Citigroup lowered their price objective on shares of American Express from $340.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, October 27th. Finally, Evercore set a $330.00 price objective on shares of American Express in a report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $365.19.

American Express Trading Down 0.0%

Shares of NYSE:AXP opened at $319.03 on Monday. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The stock has a market cap 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 quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The business has a 50-day moving average price of $317.18 and a 200-day moving average price of $326.44.

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

American Express Announces Dividend

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. The ex-dividend date of this dividend 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 (DPR) is currently 21.40%.

American Express 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.