Mirae Asset Securities (Usa) 13F: New $15M Stake in AXP

Mirae Asset Securities opened a new position in American Express Company (NYSE: AXP), picking up 50,313 shares. The reported value of the stake came in at about $15.3 million in a Form 13F filing with the SEC on October 15, 2026. Because 13F filings look backward at holdings from the end of the previous quarter, this disclosure shows where the portfolio stood at that time and may not reflect current trading activity.

What Changed in Mirae Asset Securities's American Express Position

Mirae Asset Securities initiated a brand-new stake in the credit services provider, acquiring 50,313 shares. The total value of the newly established position was reported at $15.3 million. This new buy marks the addition of American Express to the fund's reported holdings.

Other Institutional Activity in American Express

Berkshire Hathaway, Inc held 151,610,700 shares worth about $47.54 billion with no change in its position. Blackrock Inc. grew its holdings by 96,393 shares, ending with 42,006,392 shares worth about $13.17 billion, which is a 0.2% increase. Vanguard Capital Management LLC grew its holdings by 2,205,096 shares, ending with 35,215,521 shares worth about $11.04 billion, a 6.7% increase. State Street Corporation reduced its holdings by 131,523 shares, ending with 29,095,803 shares worth about $9.12 billion, a 0.4% decrease. JPMORGAN CHASE & CO grew its holdings by 51,022 shares, ending with 20,459,941 shares worth about $6.42 billion, representing a 0.2% increase.

American Express Company Stock Up 2.0%

American Express recently traded around $313.07, putting the shares below their 50-day moving average of $322.00 and under the 200-day moving average of $329.04. The stock trades below its 52-week high of $387.49 and above its 52-week low of $290.97. The company carries a market capitalization of roughly $211.96 billion and a price-to-earnings ratio of 19.05.

Recent Earnings

American Express generated trailing-twelve-month revenue of $70.91 billion alongside earnings of $16.48 per share. The company posted a net profit margin of 16.1% and a return on equity of 34.4%, with year-over-year revenue growth coming in at 12.8%. The next quarterly earnings report is scheduled for October 23, 2026.

Dividend

American Express rewards shareholders with an annual dividend that yields 1.21%. The company distributes a portion of its profits, maintaining a dividend payout ratio of 21.5%.

Insider Buying and Selling at American Express Company

Several company insiders completed stock transactions in earlier months. Officer Quinn Jessica Lieberman sold 3,032 shares on March 6, 2026, at an average price of $300.02 for a total value of $909,661. Officer Raymond D Joabar sold 40 shares on March 13, 2026, valued at $12,257. Officer Glenda G Mcneal sold 7,033 shares on June 15, 2026, at $339.36 per share, totaling $2,386,719. Officer Monique Herena sold 8,811 shares on August 18, 2026, at $337.41 per share for a total value of $2,972,920.

Analysts Set New Price Targets

TD Cowen maintained a Hold rating on October 6, 2026, adjusting its price target to $335.00 from $338.00. 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. Morgan Stanley maintained an Equal-Weight rating on October 12, 2026, moving its target from $382.00 to $380.00. JP Morgan maintained an Overweight rating on October 12, 2026, lowering its target to $360.00 from $400.00. Overall, the stock holds a consensus buy rating from 25 analysts with a mean price target of $369.44.

About American Express

American Express Company operates as an integrated payments and credit services company. The New York-based financial firm runs four primary segments focused on U.S. consumer services, commercial services, international card services, and global merchant and network services. Its sprawling network connects millions of merchants and cardholders across the globe.

Bottom Line

Investors will look toward the upcoming earnings release on October 23, 2026, for fresh updates on consumer spending and profitability. Institutional filings like this one offer a retrospective look at portfolio adjustments rather than live positions. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.