Canoe Financial LP Sells 173,199 Shares of American Express Company $AXP

Canoe Financial LP cut its stake in shares of American Express Company (NYSE:AXP) by 35.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 319,744 shares of the payment services company’s stock after selling 173,199 shares during the period. American Express comprises approximately 1.6% of Canoe Financial LP’s holdings, making the stock its 27th largest position. Canoe Financial LP’s holdings in American Express were worth $118,289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AXP. Ameriprise Financial Inc. grew its holdings in shares of American Express by 27.0% in the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock worth $1,310,515,000 after acquiring an additional 845,283 shares during the period. 1832 Asset Management L.P. lifted its holdings in American Express by 46,746.2% in the second quarter. 1832 Asset Management L.P. now owns 542,479 shares of the payment services company’s stock valued at $173,040,000 after acquiring an additional 541,321 shares during the period. Amundi lifted its holdings in American Express by 23.9% in the third quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock valued at $925,449,000 after acquiring an additional 537,205 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position 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 purchasing an additional 530,967 shares during the last quarter. Finally, Danske Bank A S purchased a new position in American Express in the third quarter worth about $153,292,000. 84.33% of the stock is owned by institutional investors.

American Express News Summary

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?

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Evercore set a $393.00 price target on shares of American Express in a research report on Tuesday, February 10th. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Morgan Stanley set a $395.00 target price on shares of American Express in a research report on Tuesday, January 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $420.00 price target on shares of American Express in a research report on Tuesday, January 6th. Finally, Credit Suisse Group set a $328.00 price target on shares of American Express in a research note on Monday, January 12th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, American Express has an average rating of “Hold” and a consensus price target of $352.95.

Insider Activity

In other American Express news, insider Denise Pickett sold 23,385 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $356.91, for a total value of $8,346,340.35. Following the completion of the sale, the insider owned 7,754 shares in the company, valued at approximately $2,767,480.14. This represents a 75.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Howard Grosfield sold 8,134 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $346.73, for a total value of $2,820,301.82. Following the sale, the insider directly owned 9,433 shares in the company, valued at approximately $3,270,704.09. This represents a 46.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 73,944 shares of company stock valued at $26,114,366 over the last 90 days. Company insiders own 0.20% of the company’s stock.

American Express Stock Down 2.3%

AXP stock opened at $292.40 on Friday. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68. The stock has a market cap of $200.52 billion, a P/E ratio of 19.00, a PEG ratio of 1.24 and a beta of 1.14. The business’s 50-day moving average price is $329.61 and its 200-day moving average price is $346.86.

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

American Express Increases Dividend

The company also recently disclosed 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 represents a $3.80 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from American Express’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, April 2nd. American Express’s dividend payout ratio is currently 21.31%.

About American Express

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.