Brevan Howard Capital Management Reduces $767K in American Express Company ($AXP)
Brevan Howard lowers its American Express holdings by 13.2% in its latest SEC filing.
Key Points
- Brevan Howard Capital Management cut its American Express stake by 2,269 shares, reducing its position by 13.2% to 14,889 shares valued at about $4.99 million.
- American Express, trading near $335.38, has a market cap of $228.8 billion and a P/E ratio of 20.92, with a 52-week range between $288.34 and $387.49.
- Recent insider buying at American Express includes six insiders purchasing 742 shares each on May 5, 2026, while analysts maintain a generally positive outlook with multiple 'buy' ratings.
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Brevan Howard Capital Management has reduced its stake in American Express Company (NYSE: AXP) by 13.2%. The hedge fund cut its holdings by 2,269 shares, leaving it with 14,889 shares valued at approximately $4.99 million as of its latest SEC filing.
What Changed in Brevan Howard's American Express Position
Brevan Howard trimmed its position in American Express from 17,158 shares to 14,889 shares, a reduction of 2,269 shares. This move represents a 13.2% decrease in its holdings, reflecting a strategic decision to pare down its investment in the financial services giant.
Other Institutional Activity in American Express
In other institutional activity, Berkshire Hathaway maintained its massive position in American Express with over 151.6 million shares valued at $45.86 billion. BlackRock, Inc. reduced its stake slightly by 432,527 shares, ending with 41.9 million shares worth about $12.68 billion. Vanguard Capital Management LLC added significantly to its position, acquiring 33.01 million shares for a total holding valued at approximately $9.98 billion. State Street Corp also reduced its stake by 237,147 shares, leaving it with 29.23 million shares valued at $8.84 billion. Geode Capital Management, LLC increased its shares by 1,458,338, bringing its total to 14.17 million shares valued at $4.27 billion.
American Express Company Stock Up 1.5%
Shares of American Express (NYSE: AXP) traded near $335.38. The company boasts a market cap of $228.8 billion and a P/E ratio of 20.92, with a forward P/E of 16.64. The stock's 52-week range spans from $288.34 to $387.49, with a 50-day moving average of $316.99 and a 200-day moving average of $337.28. American Express has a current ratio of 1.57 and a quick ratio of 1.56, alongside a debt-to-equity ratio of 177.85.
$AXP stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
American Express reported revenue of $68.81 billion, reflecting a growth rate of 11.6%. The company's net margin stands at 16.3%, with a return on equity of 34.42%. Earnings per share were $16.03. The next earnings report is scheduled for July 24, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 5.3%. Revenue beat estimates by 11.0%.
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Profit surprise
Operating income beat by 33 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 target raises, 1 target cut.
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Earnings quality
Gross margin up 1.0 points. Operating margin up 14.0 points. Positive free cash flow.
Earnings Call Summary
American Express had a very strong first quarter with revenue growth of 11 percent and earnings per share of $4.28, up 18 percent year over year. Card member spending grew 10 percent, the highest quarterly growth in 3 years, driven by strength in travel and dining. The company is investing heavily in commercial products, artificial intelligence capabilities, and sports partnerships including a new multiyear agreement with the National Football League to become the league's official payments partner.
Guidance American Express reaffirmed full year guidance of 9 to 10 percent revenue growth and earnings per share of $17.30 to $17.90, despite delivering 11 percent revenue growth in the first quarter. The company is reinvesting the outperformance in marketing and technology instead of raising guidance.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Dividend
American Express offers an annual dividend rate of $3.80, yielding 1.13%. The company's dividend payout ratio is 21.29%.
Insider Buying and Selling at American Express Company
On May 5, 2026, several insiders at American Express purchased shares. Karen Parkhill, Thomas Baltimore Jr., John Joseph Brennan, Charles Phillips Jr., Lisa Wardell, and Deborah Majoras each bought 742 shares. These transactions were not part of a pre-planned trading program.
Analysts Set New Price Targets
On May 22, 2026, Loop Capital initiated coverage on American Express with a 'buy' rating and a $389 price target. Evercore ISI Group maintained its 'hold' rating with a $345 target on April 29, while Goldman Sachs reiterated its 'buy' rating with a $400 target on April 28. Overall, the consensus leans towards a 'buy' recommendation, with an average target price of $361.94 based on 24 analyst opinions.
About American Express
American Express Company is a global financial services corporation headquartered in New York, NY. It provides credit and charge cards, travel, and lifestyle services, and operates through segments such as U.S. Consumer Services and Global Merchant Services. Led by CEO Stephen Joseph Squeri, the company employs about 76,800 people and serves customers worldwide.
Bottom Line
Brevan Howard's decision to reduce its stake in American Express is part of its broader portfolio adjustments. Investors track such filings to gauge institutional sentiment, though these filings are backward-looking and may not reflect current positions. American Express remains a significant player in the financial services sector, offering a blend of growth and income potential.
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