Ninety One SA (Pty) 13F: New $762K Stake in AXP

Ninety One SA opened a brand-new stake in American Express Company (NYSE: AXP), buying 2,486 shares of the payments firm. According to a Form 13F filed with the SEC on October 15, 2026, the newly established holding was valued at $762,407. Because 13F reports look backward at the end of a quarter, this disclosure captures the fund's holdings at that time and may not reflect its current position today.

Inside Ninety One SA's American Express Trade

The fund initiated its position by purchasing 2,486 shares, giving it a neat stake in the credit services provider worth roughly $762,407. Since 13F filings only reveal snapshot positions after the quarter ends, investors usually look at these disclosures to see which names institutional managers are adding to their portfolios.

Other Institutional Activity in American Express

Other large money managers adjusted their American Express holdings during the reporting period as well. Berkshire Hathaway, Inc held steady with 151,610,700 shares valued at roughly $47,543,598,857. Blackrock Inc. grew its holdings by 96,393 shares, ending with 42,006,392 shares worth about $13,172,784,313. Vanguard Capital Management LLC lifted its stake by 2,205,096 shares, ending with 35,215,521 shares worth about $11,043,235,101. State Street Corporation trimmed its holdings by 131,523 shares, ending with 29,095,803 shares worth about $9,124,152,756. JPMORGAN CHASE & CO grew its holdings by 51,022 shares, ending with 20,459,941 shares worth about $6,416,032,823.

American Express Company Stock Up 2.0%

American Express shares recently traded near $313.07 as of October 16, 2026. The stock sits below its 50-day moving average of $322.00 and below its 200-day moving average of $329.04. Shares have traded in a 52-week range between $290.97 and $387.49.

Recent Earnings

American Express pulled in trailing-twelve-month revenue of $70,912,999,424 with earnings of $16.48 per share. The company posted a net margin of 16.1% and a return on equity of 34.4%, alongside year-over-year revenue growth of 12.8%. The next earnings report is scheduled for October 23, 2026.

Dividend

American Express pays an annual dividend yielding 1.21%, supported by a payout ratio of 21.5%.

Insider Buying and Selling at American Express Company

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, with a total value of $12,257. Officer Glenda G Mcneal sold 7,033 shares on June 15, 2026, at an average price of $339.36 for a total value of $2,386,719. Officer Monique Herena sold 8,811 shares on August 18, 2026, at an average price of $337.41 for a total value of $2,972,920.

Analysts Set New Price Targets

On October 6, 2026, TD Cowen maintained a hold rating while lowering its price target to $335.00 from $338.00. On October 9, 2026, RBC Capital maintained an outperform rating while lowering its price target to $400.00 from $415.00. On October 9, 2026, BMO Capital initiated coverage with an outperform rating and a $380.00 price target. On October 12, 2026, Morgan Stanley maintained an equal-weight rating with a target of $380.00 from $382.00. On October 12, 2026, JP Morgan maintained an overweight rating while lowering its price target to $360.00 from $400.00. Across the broader analyst community, the stock carries a consensus buy recommendation and a mean price target of $369.44.

About American Express

American Express operates as an integrated payments company, connecting consumers and businesses with merchants around the globe. It runs multiple segments spanning consumer services, commercial accounts, international card operations, and global merchant networks. New stakes from institutional managers like Ninety One SA highlight ongoing portfolio adjustments ahead of upcoming earnings.

Bottom Line

Ninety One SA's new position puts a small bet on the credit card giant. Investors will watch the company's upcoming earnings release on October 23, 2026, to gauge the health of its consumer and commercial spending segments.