American Express Company $AXP Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI reduced its stake in shares of American Express Company (NYSE:AXP) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,142 shares of the payment services company’s stock after selling 1,664 shares during the period. Citizens Financial Group Inc. RI’s holdings in American Express were worth $19,505,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Carolina Wealth Advisors LLC increased its holdings in American Express by 454.5% in the third quarter. Carolina Wealth Advisors LLC now owns 244 shares of the payment services company’s stock valued at $74,000 after buying an additional 200 shares during the last quarter. Sowell Financial Services LLC raised its stake in American Express by 4.6% during the third quarter. Sowell Financial Services LLC now owns 14,588 shares of the payment services company’s stock valued at $4,436,000 after buying an additional 636 shares in the last quarter. Gibbs Wealth Management lifted its holdings in American Express by 31.5% during the 3rd quarter. Gibbs Wealth Management now owns 2,014 shares of the payment services company’s stock worth $613,000 after buying an additional 483 shares during the last quarter. Garrett Wealth Advisory Group LLC lifted its holdings in American Express by 25.9% during the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 967 shares of the payment services company’s stock worth $294,000 after buying an additional 199 shares during the last quarter. Finally, Winthrop Advisory Group LLC grew its position in shares of American Express by 35.7% in the 3rd quarter. Winthrop Advisory Group LLC now owns 1,485 shares of the payment services company’s stock worth $451,000 after acquiring an additional 391 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AXP. Truist Financial lowered their price target on American Express from $375.00 to $370.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. BMO Capital Markets began coverage on American Express in a research report on Thursday, October 8th. They set an “outperform” rating and a $380.00 price target on the stock. President Capital raised their price objective on American Express from $359.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Evercore set a $320.00 price objective on shares of American Express in a report on Thursday, October 1st. Finally, Royal Bank Of Canada lowered their target price on shares of American Express from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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 opened at $313.10 on Friday. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The firm has a market cap of $211.44 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.33 and a beta of 1.08. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The company has a 50-day moving average of $318.84 and a 200-day moving average of $325.94.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.50 by $0.18. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $20.12 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Analysts forecast that American Express Company will post 17.65 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business 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 $0.95 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. American Express’s payout ratio 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.