10,572 American Express Company $AXP Shares Sold by Glenview Trust Co

Glenview Trust Co cut its holdings in American Express Company (NYSE:AXP) by 18.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,174 shares of the payment services company’s stock after selling 10,572 shares during the period. Glenview Trust Co’s holdings in American Express were worth $14,650,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in American Express in the 2nd quarter valued at approximately $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 worth $13,857,176,000 after buying an additional 11,739,541 shares during the period. Corient Private Wealth LP acquired a new position in shares of American Express during the second quarter worth approximately $253,945,000. Bank of New York Mellon Corp acquired a new position in shares of American Express during the second quarter worth approximately $1,263,787,000. Finally, Legal & General Group Plc bought a new stake in shares of American Express in the second quarter valued at approximately $1,138,054,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Key Stories Impacting American Express

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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AXP shares. BMO Capital Markets initiated coverage on American Express in a research report on Thursday, October 8th. They issued an “outperform” rating and a $380.00 price objective for the company. Benchmark began coverage on shares of American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. Royal Bank Of Canada cut 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. Morgan Stanley cut their target price on shares of American Express from $382.00 to $380.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. Finally, Bank of America increased their price target on shares of American Express from $387.00 to $391.00 and gave the company a “buy” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.19.

American Express Trading Down 1.4%

American Express stock opened at $319.03 on Friday. The business has a 50 day moving average price of $317.18 and a two-hundred day moving average price of $326.44. The company has a quick ratio of 1.54, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The stock has a market cap of $213.93 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49.

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

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s dividend payout ratio (DPR) is 21.40%.

About American Express

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.