Amundi 13F: Adds $124M to American Express (AXP) Stake

Amundi Expands American Express Position

Amundi increased its investment in American Express Company (NYSE: AXP) by 17.3% during the reporting period. According to a recent Form 13F filing with the U.S. Securities and Exchange Commission, the firm purchased an additional 366,837 shares. This buying activity brought Amundi's total holdings to 2,491,756 shares. The reported value of this major stake reached $842,836,467 at the time of the filing, reflecting a strong commitment to the credit services provider.

American Express Stock Trades Near Midpoint

Shares of American Express traded around $338.25 as the market digested the institutional filing. The equity has moved through a 52-week price range spanning from a low of $290.97 up to a high of $387.49. Institutional investors monitor these valuation levels closely, especially as the stock trades near its 50-day moving average of $322.00 and its 200-day moving average of $329.04.

Recent Earnings Performance

For its financial results, American Express reported $70.91 billion in revenue alongside earnings of $16.48 per share. The company achieved a net profit margin of 16.14% and a return on equity of 34.38%. Investors look ahead to the next corporate earnings update scheduled for October 23, 2026, to check on consumer spending trends and credit metrics.

Dividend Commitments

American Express continues to return capital to shareholders through its quarterly payout. The stock carries an annual dividend yield of 1.21% supported by a modest payout ratio of 21.48%, leaving plenty of earnings retained to fund business operations and card network growth.

Wall Street Analyst Updates

Several major financial institutions adjusted their outlooks and price targets for American Express during October 2026. On October 12, 2026, Morgan Stanley maintained its equal-weight rating while tweaking its price target from $382.00 to $380.00. On the same day, JP Morgan kept an overweight rating while lowering its target from $400.00 to $360.00. RBC Capital maintained an outperform rating on October 9, 2026, shifting its target from $415.00 to $400.00. BMO Capital initiated coverage on October 9, 2026, with an outperform rating and a $380.00 price target. TD Cowen maintained a hold rating on October 6, 2026, adjusting its target from $338.00 to $335.00. UBS maintained a neutral rating on October 5, 2026, moving its target from $384.00 to $345.00. Barclays maintained an equal-weight rating on October 5, 2026, taking its target from $364.00 to $342.00. Evercore ISI Group maintained an in-line rating on October 1, 2026, adjusting its target from $370.00 to $320.00.

Inside the Business Model

Headquartered in New York, New York, American Express Company operates as an integrated payments company connecting consumers, small businesses, and large corporations worldwide. It issues credit and charge cards while providing travel, banking, and merchant network settlement services.

What's Ahead for American Express Company

This 13F filing captures Amundi's portfolio adjustments as of the stated reporting period and may not reflect the firm's exact share count today. Market participants will watch for upcoming quarterly disclosures and the October earnings release to gauge how institutional interest evolves across the financial sector.