Epoch Investment Partners Reduces $48M in American Express Company ($AXP)
Epoch Investment Partners cut its stake in American Express by nearly 29%, now holding 349,126 shares.
Key Points
- Epoch Investment Partners reduced its American Express stake by 28.9%, selling 141,639 shares to hold 349,126 shares worth $117.1 million.
- American Express trades at $335.38 with a market cap of $228.8 billion and a P/E ratio of 20.92.
- Insiders bought shares recently, and analysts like Loop Capital initiated coverage with a 'buy' rating.
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Epoch Investment Partners has reduced its stake in American Express Company (NYSE: AXP) by about 28.9%. According to the latest Form 13F filing with the SEC, the investment firm sold 141,639 shares, bringing its total holdings to 349,126 shares valued at approximately $117.1 million. The filing reflects holdings as of the reporting period and may not represent the investor's current position.
What Changed in Epoch Investment Partners' American Express Position
Epoch Investment Partners cut its position in American Express from 490,765 shares to 349,126 shares. This reduction of 141,639 shares represents a 28.9% decrease. The remaining stake is valued at about $117.1 million, based on the recent share price.
Other Institutional Activity in American Express
Other major investors also adjusted their holdings in American Express. Berkshire Hathaway maintained its massive stake of 151,610,700 shares, valued at around $45.9 billion. BlackRock, Inc. reduced its holdings by 432,527 shares, ending with 41,910,309 shares worth about $12.7 billion. Vanguard Capital Management LLC added 33,010,215 shares, bringing its total to the same number, valued at roughly $9.98 billion. State Street Corp trimmed its position by 237,147 shares, holding 29,227,721 shares worth $8.84 billion. Meanwhile, Geode Capital Management, LLC increased its stake by 1,458,338 shares to 14,166,474 shares, valued at $4.27 billion.
American Express Company Stock Up 1.5%
Shares of American Express (NYSE: AXP) are trading around $335.38. The company boasts a market cap of $228.8 billion and a P/E ratio of 20.92. The stock's 52-week range is between $288.34 and $387.49. It has a 50-day moving average of $316.99 and a 200-day moving average of $337.28. The company has a current ratio of 1.57, a quick ratio of 1.56, and 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 with a growth rate of 11.6%. The company achieved a net margin of 16.3% and a return on equity of 34.4%. Its earnings per share stand at $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% with a payout ratio of 21.3%.
Insider Buying and Selling at American Express Company
Several insiders at American Express made purchases on May 5, 2026. Karen Parkhill, Thomas Baltimore Jr., John Joseph Brennan, Charles Phillips Jr., Lisa Wardell, and Deborah Majoras each bought 742 shares. These transactions were not made under a Rule 10b5-1 plan.
Analysts Set New Price Targets
On May 22, 2026, Loop Capital initiated coverage on American Express with a 'buy' rating and a price target of $389. Evercore ISI Group maintained a 'hold' rating with a $345 target on April 29. Goldman Sachs also kept a 'buy' rating, setting a $400 target on April 28. The consensus rating is a 'buy,' with an average target price of $361.94 based on 24 analyst opinions.
About American Express Company
American Express Company, founded in 1850 and headquartered in New York, operates as an integrated payments company worldwide. It offers credit and charge cards, banking products, and services in travel, dining, and lifestyle management. The company serves consumers, small businesses, and corporations through various channels, including online, mobile, and direct sales. Led by CEO Stephen Joseph Squeri, American Express employs around 76,800 people.
Bottom Line
Epoch Investment Partners' decision to reduce its stake in American Express by nearly 29% is notable. Investors often track such moves for insights into fund strategies. However, it's important to remember that 13F filings reflect past positions and may not indicate current holdings. American Express continues to be a significant player in the financial services sector, with ongoing interest from major institutional investors.
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