Sanders Morris Harris LLC Purchases 3,246 Shares of American Express Company $AXP

Sanders Morris Harris LLC purchased a new position in American Express Company (NYSE:AXP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,246 shares of the payment services company’s stock, valued at approximately $987,000.

A number of other large investors have also made changes to their positions in AXP. Archer Investment Corp purchased a new position in American Express during the 2nd quarter worth $25,000. Lifetime Wealth Management P.C. acquired a new position in American Express during the 4th quarter valued at about $33,000. Elevation Wealth Partners LLC raised its stake in American Express by 78.8% in the third quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock valued at $28,000 after buying an additional 41 shares during the last quarter. Cedar Mountain Advisors LLC raised its stake in American Express by 58.3% in the second quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock valued at $32,000 after buying an additional 35 shares during the last quarter. Finally, Frazier Financial Advisors LLC purchased a new stake in American Express in the second quarter valued at about $33,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Performance

NYSE AXP traded down $3.27 on Wednesday, reaching $306.57. 2,742,852 shares of the company’s stock traded hands, compared to its average volume of 3,238,062. The firm has a market cap of $207.03 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.34 and a beta of 1.08. The stock has a 50 day moving average price of $322.25 and a 200-day moving average price of $325.22. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.

American Express (NYSE:AXP) last announced its quarterly 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. The company had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts predict that American Express Company will post 17.65 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be issued 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 of this dividend is Friday, October 9th. American Express’s payout ratio is 23.06%.

American Express News Summary

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

• Positive Sentiment: American Express introduced its Intent Intelligence framework to authenticate a customer’s purchase intent before an AI agent completes a transaction. The initiative could reduce unauthorized purchases and disputes while helping AXP participate in the emerging agentic-commerce market, potentially supporting future transaction volume. American Express Publishes Intent Intelligence Framework for Trusted Agentic Commerce
• Positive Sentiment: The AI security framework may provide a new growth driver by giving issuers stronger control over purchases made by autonomous shopping agents. However, revenue benefits are longer-term and depend on adoption by merchants, consumers and other payments networks. Can American Express Turn AI Commerce Into a New Growth Driver?
• Positive Sentiment: Brokerages have a consensus price target of approximately $365.63, above the recent trading level. Investors are also pointing to double-digit revenue growth, an increased full-year revenue outlook and a valuation that remains below some historical or peer averages. American Express Consensus Target Price
• Neutral Sentiment: Analyst opinions remain mixed. The company’s latest quarter exceeded EPS expectations and revenue increased year over year, but the stock’s recent cooling despite improved guidance has created uncertainty about whether growth is fully reflected in the valuation. Analysts Conflicted on American Express
• Negative Sentiment: A reported $350 million anti-money-laundering fine is raising concerns about compliance costs, potential reputational damage and pressure on margins. The regulatory issue is likely the most immediate factor weighing on investor sentiment and could lead the market to apply a lower valuation multiple. American Express Stock May Sit Below Fair Value As AML Fine Lands

Wall Street Analyst Weigh In

Several brokerages have weighed in on AXP. Royal Bank Of Canada lowered their price target on American Express from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Friday, October 9th. BTIG Research decreased their price objective on shares of American Express from $315.00 to $230.00 and set a “sell” rating for the company in a research report on Monday, September 7th. Guggenheim assumed coverage on shares of American Express in a research report on Monday, July 13th. They issued a “buy” rating for the company. Benchmark started coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, American Express currently has an average rating of “Moderate Buy” and a consensus price target of $365.63.

American Express Profile

American Express Company (NYSE: AXP) is a global financial services company that provides payment, lending, travel and related products to consumers, small businesses and corporate customers. Its offerings include consumer and business charge and credit cards, payment solutions, commercial financing, deposit products and rewards programs.

American Express also operates a worldwide merchant network and provides businesses with payment acceptance services, transaction-processing capabilities and data-driven marketing solutions.