Equity Investment Corp Sells 211,471 Shares of American Express Company $AXP

Equity Investment Corp decreased its position in shares of American Express Company (NYSE:AXP) by 96.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,836 shares of the payment services company’s stock after selling 211,471 shares during the quarter. Equity Investment Corp’s holdings in American Express were worth $2,271,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AXP. Vanguard Group Inc. raised its holdings in shares of American Express by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 46,425,262 shares of the payment services company’s stock valued at $14,808,730,000 after purchasing an additional 581,369 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of American Express by 11.1% during the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock valued at $4,282,984,000 after purchasing an additional 1,349,746 shares in the last quarter. Norges Bank purchased a new position in American Express during the second quarter valued at approximately $1,897,335,000. Artisan Partners Limited Partnership raised its stake in American Express by 3.0% in the second quarter. Artisan Partners Limited Partnership now owns 4,620,873 shares of the payment services company’s stock worth $1,473,966,000 after buying an additional 133,439 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in American Express by 13.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,342,556 shares of the payment services company’s stock worth $1,385,188,000 after buying an additional 530,967 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Performance

Shares of American Express stock opened at $349.90 on Wednesday. The company has a 50 day moving average price of $369.07 and a 200 day moving average price of $344.61. The firm has a market capitalization of $241.03 billion, a P/E ratio of 22.74, a PEG ratio of 1.48 and a beta of 1.14. The company has a quick ratio of 1.66, a current ratio of 1.68 and a debt-to-equity ratio of 1.68. American Express Company has a 52 week low of $220.43 and a 52 week high of $387.49.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). The company had revenue of ($17,139.00) million for the quarter, compared to analyst estimates of $18.91 billion. American Express had a net margin of 15.00% and a return on equity of 33.49%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.04 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. American Express’s dividend payout ratio is currently 21.31%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AXP shares. Weiss Ratings upgraded American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Compass Point reiterated a “neutral” rating and issued a $324.00 target price on shares of American Express in a research note on Monday, October 20th. Barclays increased their price target on shares of American Express from $355.00 to $367.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price target on the stock in a report on Tuesday, October 21st. Finally, Wall Street Zen lowered shares of American Express from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, American Express currently has an average rating of “Hold” and an average target price of $352.59.

Trending Headlines about American Express

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

• Positive Sentiment: Truist cut its price target from $420 to $400 but kept a Buy rating, signaling continued conviction in AXP’s long‑term premium franchise. Truist Lowers PT to $400, Keeps Buy
• Positive Sentiment: Coverage noting that AXP helps broaden payment reach on major indexes and that momentum appears stable supports the view that the core merchant and premium-card businesses remain resilient. Does American Express Strengthen Dow Jones Payment Reach
• Neutral Sentiment: JPMorgan trimmed its target to $375 and moved to Neutral, reflecting more cautious near-term expectations but not a full sell signal.
• Neutral Sentiment: Coverage highlighting analyst disagreement (TipRanks) and published analyst-expectation pieces underline mixed market sentiment rather than a single consensus view. Analysts Conflicted on These Financial Names
• Negative Sentiment: A Benzinga report flagged that new card sign‑ups have slowed and maintained a Sell view, a direct growth concern for AXP’s future customer acquisition and spending trends. American Express Stumbles As New Card Sign‑Ups Lose Steam
• Negative Sentiment: BTIG reaffirmed a Sell rating with a $328 target, and other firms have trimmed targets — these analyst pressures create near‑term downside risk to the share price.
• Negative Sentiment: Operational/cost scrutiny: reporting that AXP is weighing a move to 2 World Trade Center and the associated long‑term costs adds investor focus on expense and capital allocation. American Express Weighs 2 World Trade Center Move

American Express Company Profile

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.