Glenmede Trust Co. NA Has $85.50 Million Stock Position in American Express Company $AXP

Glenmede Trust Co. NA lowered its holdings in shares of American Express Company (NYSE:AXP) by 2.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 282,658 shares of the payment services company’s stock after selling 7,556 shares during the period. Glenmede Trust Co. NA’s holdings in American Express were worth $85,498,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AXP. Norges Bank bought a new position in American Express during the 4th quarter worth $2,464,215,000. Capital World Investors grew its position in shares of American Express by 46.7% in the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after buying an additional 2,393,340 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of American Express by 350.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,236,438 shares of the payment services company’s stock valued at $373,998,000 after buying an additional 961,698 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of American Express by 73.8% in the first quarter. Pictet Asset Management Holding SA now owns 1,451,606 shares of the payment services company’s stock valued at $438,975,000 after buying an additional 616,498 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of American Express by 7.7% in the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock valued at $2,904,218,000 after buying an additional 558,533 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express News Summary

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

• Positive Sentiment: American Express reported second-quarter earnings of $4.53 per share, above the $4.41 analyst estimate, while revenue increased 10% year over year. Management cited strong new-card acquisition, higher engagement from existing customers and momentum from the refreshed Platinum Card. 5 Must-Read Analyst Questions From American Express’s Q2 Earnings Call
• Positive Sentiment: Analysts continue to view AXP favorably, with the stock carrying an average “Moderate Buy” recommendation. Commentators including Jim Cramer characterized the post-earnings weakness as a potential buying opportunity, citing the company’s earnings beat, growth outlook and competitive position. American Express Receives Average Recommendation of Moderate Buy
• Positive Sentiment: American Express is expanding its business-payments capabilities beyond faster settlement toward greater controls, policy management and data-driven oversight. These initiatives could deepen relationships with corporate customers and support longer-term payments growth. Mastercard and Amex Turn B2B Payments Into a Living Control Layer
• Positive Sentiment: Amex Global Business Travel launched an integration with Anthropic’s Claude that allows travelers and enterprise AI agents to book and manage policy-compliant air and hotel reservations. The move could improve Amex’s corporate-travel relevance as AI-driven booking develops. Amex GBT Empowers Claude to Book Corporate Travel
• Neutral Sentiment: Recent analyst coverage emphasizes AXP’s durable premium-card franchise, but investors are weighing that growth story against a share price trading at roughly 20 times earnings and near its moving-average levels. American Express Growth Story Keeps Building
• Negative Sentiment: The principal near-term headwind is the market’s negative response to the second-quarter report. Although earnings slightly beat estimates and revenue was broadly in line with expectations, investors may have wanted stronger evidence that accelerated spending and premium-product adoption will justify current valuation levels. Top Analyst Reports for Microsoft, Palo Alto Networks and American Express

American Express Stock Down 0.2%

American Express stock opened at $336.82 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a 12-month low of $288.34 and a 12-month high of $387.49. The firm’s fifty day moving average is $334.97 and its 200 day moving average is $328.77. The company has a market capitalization of $227.46 billion, a PE ratio of 20.44, a PEG ratio of 1.36 and a beta of 1.04.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping 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 business had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same period last year, the company 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, sell-side analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio is 23.06%.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and increased their target price for the company from $328.00 to $400.00 in a research report on Monday, July 13th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective for the company in a research report on Thursday, June 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $372.95.

About American Express

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.