Canoe Financial LP lowered its stake in shares of American Express Company (NYSE:AXP) by 35.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 319,744 shares of the payment services company’s stock after selling 173,199 shares during the period. American Express accounts for about 1.6% of Canoe Financial LP’s investment portfolio, making the stock its 27th largest position. Canoe Financial LP’s holdings in American Express were worth $118,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of the stock. Valley Wealth Managers Inc. increased its holdings in American Express by 153.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 46 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of American Express during the third quarter valued at about $27,000. Guerra Advisors Inc bought a new stake in shares of American Express in the third quarter worth about $28,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of American Express in the third quarter worth about $28,000. Finally, Halbert Hargrove Global Advisors LLC boosted its stake in American Express by 210.7% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock valued at $29,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.
Insider Activity
In related news, insider Ravikumar Radhakrishnan sold 15,000 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $356.58, for a total value of $5,348,700.00. Following the sale, the insider directly owned 8,945 shares of the company’s stock, valued at $3,189,608.10. This represents a 62.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Denise Pickett sold 23,385 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $356.91, for a total transaction of $8,346,340.35. Following the completion of the sale, the insider directly owned 7,754 shares of the company’s stock, valued at approximately $2,767,480.14. The trade was a 75.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 73,944 shares of company stock worth $26,114,366 over the last 90 days. Insiders own 0.20% of the company’s stock.
American Express Stock Performance
American Express (NYSE:AXP – Get Free Report) last released its quarterly earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.54 by ($0.01). The company had revenue of ($17,139.00) million for the quarter, compared to analysts’ expectations of $18.91 billion. American Express had a net margin of 15.00% and a return on equity of 33.49%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. 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 predict that American Express Company will post 15.33 earnings per share for the current year.
American Express Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 3rd will be paid a $0.95 dividend. This is an increase from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, April 2nd. American Express’s payout ratio is currently 21.31%.
Analyst Ratings Changes
AXP has been the topic of a number of research reports. Wells Fargo & Company lifted their price objective on American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of American Express in a research note on Monday, March 16th. UBS Group reiterated a “neutral” rating and set a $395.00 price objective on shares of American Express in a research report on Wednesday, February 4th. Evercore set a $393.00 price objective on shares of American Express in a research note on Tuesday, February 10th. Finally, Weiss Ratings upgraded shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus price target of $352.95.
Check Out Our Latest Analysis on AXP
Trending Headlines about American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: AXP is pushing new product and technology initiatives — the company rolled out a 2% cash-back Graphite card and is expanding AI-driven tools aimed at deepening engagement with business customers, which could support spend and revenue growth over time. American Express Bets Big on AI, Cash Back in 2026 Push
- Positive Sentiment: Investor-focused coverage highlights sustained demand for premium cards and membership services, which supports higher-margin revenue streams and customer loyalty—one of the reasons long-term thesis holders remain constructive. 3 Things Every American Express Investor Needs to Know
- Neutral Sentiment: Analysis argues AXP is not materially threatened by rapid AI disintermediation of commerce today — management and analysts point to AmEx’s network, data, and premium customer base as defenses vs. “agentic AI” threats. This is more a reassurance than a near-term catalyst. Why American Express Doesn’t Fear an Agentic AI Shop-ocalypse
- Neutral Sentiment: Industry moves and competitor developments (Bread Financial, Clear Secure, travel rental players) are shaping the competitive and travel-spend backdrop; these stories can shift relative sentiment toward card issuers but are not direct AXP catalysts. BFH Stock Near 52-Week High: A Signal for Investors to Hold Tight? Hertz Stock and Other Shutdown Winners Slump as TSA Funding Truce Signals End to Travel Chaos
- Negative Sentiment: Market headlines note AXP declined more than the broader market today; short-term price pressure appears driven by recent share-price weakness and investor rotation away from higher-beta financials. Why American Express (AXP) Dipped More Than Broader Market Today
- Negative Sentiment: Investors remain sensitive to recent fundamental signals — AXP’s latest quarter showed only a very small EPS miss and management set FY‑2026 EPS guidance that the market will closely scrutinize; lingering valuation concerns and the stock’s YTD weakness keep downside risk elevated. Is It Time To Revisit American Express (AXP) After Recent Share Price Weakness?
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.
See Also
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