10,436 American Express Company $AXP Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC cut its holdings in American Express Company (NYSE:AXP) by 8.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,693 shares of the payment services company’s stock after selling 10,436 shares during the quarter. Sterling Capital Management LLC’s holdings in American Express were worth $34,878,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AXP. BlackRock Inc. acquired a new stake in shares of American Express during the second quarter worth about $14,208,662,000. State Street Corp increased its position in 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 acquiring an additional 11,739,541 shares during the period. Bank of America Corp DE increased its position in American Express by 8.4% in the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock valued at $2,695,702,000 after acquiring an additional 614,981 shares during the period. Corient Private Wealth LP raised its stake in American Express by 492.2% during the 2nd quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company’s stock valued at $1,613,890,000 after acquiring an additional 3,965,582 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in American Express during the 2nd quarter valued at approximately $1,263,787,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AXP. BMO Capital Markets began coverage on American Express in a research note on Thursday, October 8th. They issued an “outperform” rating and a $380.00 target price on the stock. William Blair reiterated an “outperform” rating on shares of American Express in a research report on Friday. Piper Sandler boosted their price objective on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. UBS Group cut their price objective on shares of American Express from $384.00 to $345.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $330.00 target price on shares of American Express in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $364.89.

More American Express News

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

• Positive Sentiment: Strong third-quarter results: American Express reported adjusted EPS of $4.68, above the $4.50 consensus estimate, while revenue rose 8.9% year over year to approximately $20.1 billion. Billed business increased 8% to $454 billion, supported by higher card spending, fees and interest income. American Express Q3 Earnings Beat Estimates on Strong Card Fees
• Positive Sentiment: Profit outlook increased: Management raised its 2026 adjusted EPS forecast to $17.60–$17.90, while reported coverage cited GAAP EPS guidance of $18.30–$18.60. Lower credit-loss provisions and continued spending by affluent customers supported the improved outlook. American Express raises 2026 profit forecast as affluent customers keep spending
• Positive Sentiment: Customer engagement initiatives: American Express is expanding its travel ecosystem by adding Airbnb listings and rewards to Amex Travel, potentially strengthening premium-card retention and spending. American Express brings Airbnb bookings and rewards to Amex Travel platform
• Neutral Sentiment: Premium-card benefit changes: Updates to the Platinum Card’s hotel and airport perks, including a revised $600 hotel credit beginning in 2027, could improve the value proposition for some members but may also introduce additional restrictions. Amex Platinum benefits updates
• Negative Sentiment: AI-related layoffs overshadowed the earnings beat: American Express plans to eliminate about 5% of its global workforce—roughly 3,500 to 4,000 positions—and will record a $336 million restructuring charge. Investors may view the move as evidence of rising costs and execution risk, even though it could generate longer-term efficiency gains. American Express is cutting 5% of its workforce
• Negative Sentiment: Revenue and network-volume performance were only broadly in line with expectations: This limited the positive impact of the earnings and guidance improvements, particularly amid a broader market decline and investor concerns about consumer resilience outside American Express’s affluent customer base. American Express Q3 earnings beat as network volume disappoints

American Express Stock Performance

NYSE AXP traded down $12.07 on Friday, hitting $313.10. 4,119,680 shares of the company’s stock were exchanged, compared to its average volume of 3,208,687. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The firm’s 50-day moving average price is $318.84 and its two-hundred day moving average price is $325.94. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The firm has a market cap of $211.44 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 1.38 and a beta of 1.08.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 EPS 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 return on equity of 34.12% and a net margin of 15.07%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, research analysts expect that American Express Company will post 17.65 EPS for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be given a $0.95 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s dividend payout ratio is presently 23.06%.

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.