Pictet North America Advisors 13F: New $727K Stake in AXP
Key Points
- Pictet North America Advisors opened a new position in American Express Company by purchasing 2,390 shares valued at approximately $726,799.
- American Express recently traded near $323.69, holding a P/E ratio of 19.64 ahead of its upcoming October 23, 2026 earnings report.
- The financial services firm offers an annual dividend of $3.80 per share, which translates to a 1.17% dividend yield.
Since the filing, $AXP is up 0.7% to date (from the $323.61 close on Oct 21, 2026).
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Pictet North America Advisors opened a new position in American Express Company (NYSE: AXP), purchasing 2,390 shares worth about $726,799. The transaction was revealed in a Form 13F filing with the Securities and Exchange Commission on October 21, 2026.
AXP
American Express Company
What Changed in Pictet North America Advisors's American Express Company Position
The firm initiated its investment during the period, building a brand-new stake consisting of 2,390 shares. Based on the filing details, the newly established holding carried a total reported value of $726,799.
Other Institutional Activity in American Express Company
Other large investors have also adjusted their holdings in the credit services provider recently. Brevan Howard Capital Management reduced its holdings by 2,269 shares, ending with 14,889 shares worth about $5,036,204.25. Heck Capital Advisors opened a new position with 5,753 shares valued at about $1,749,488. Ninety One SA (Pty) acquired a new stake of 2,486 shares worth roughly $762,407. Mirae Asset Securities picked up a new holding of 50,313 shares valued at about $15,300,183. Finally, Sei Investments grew its holdings by 19,071 shares, ending with 271,525 shares worth roughly $92,465,125.82.
American Express Company Stock Up 2.2%
American Express shares recently traded around $323.69 as of October 22, 2026, staying close to their closing price of $323.61 on the day of the filing. The stock sits roughly 16.5% below its 52-week high of $387.49 and about 11.2% above its 52-week low of $290.97.
Recent Earnings
American Express operates as an integrated payments company across consumer, commercial, and network services. The company posted trailing twelve month revenue of $70.91 billion and basic earnings of $16.48 per share. Its net profit margin stands at 16.1% with a return on equity of 34.4%, and the next corporate earnings update is scheduled for October 23, 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 distributes an annual dividend rate of $3.80 per share, delivering a dividend yield of 1.17%. The company maintains a dividend payout ratio of 21.5%, returning a modest share of its earnings back to shareholders while reinvesting the majority into its global payment network.
Insider Buying and Selling at American Express Company
Several company officers executed transactions over the prior months. 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. Raymond D Joabar disposed of 40 shares on March 13, 2026. Glenda G Mcneal parted with 7,033 shares on June 15, 2026, at $339.36 per share totaling $2,386,719. Monique Herena sold 8,811 shares on August 18, 2026, at $337.41 for a total of $2,972,920.
Analysts Set New Price Targets
Wall Street firms have updated their outlooks on the stock ahead of the earnings release. On October 6, 2026, TD Cowen maintained its hold rating with a $335 target. RBC Capital kept an outperform rating on October 9, 2026, while adjusting its target to $400. BMO Capital initiated coverage on October 9, 2026, with an outperform rating and a $380 price target. Morgan Stanley maintained an equal-weight rating with a $380 target on October 12, 2026. JP Morgan kept an overweight rating on October 12, 2026, while lowering its target from $400 to $360. Overall, the company carries a consensus buy rating with a mean price target of $369.44 across 25 analyst opinions.
About American Express Company
Headquartered in New York, American Express runs a global payments network connecting consumers, merchants, and businesses through credit and charge card products. Its operations span consumer services, commercial accounts, and international merchant networks, making it a central pillar of the financial services sector.
Bottom Line
Investors will look closely at the upcoming October 23 earnings release to see if revenue growth and profit margins match recent expectations. Monitoring subsequent institutional filings will show whether other large funds follow Pictet's lead in taking fresh positions.
Related Filing Alerts
Source: Pictet North America Advisors's 13F filing on $AXP (Oct 21, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts