U S Global Investors 13F: Exits American Express (AXP) Stake

U S Global Investors completely exited its position in American Express Company (NYSE: AXP), selling all 3,930 shares according to a Form 13F filing with the SEC on October 22, 2026. The disposal marked a 100.0% reduction for the fund, which previously held shares valued at the close of the reporting period.

AXP American Express Company

$312.78 ▼ -15.33% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in U S Global Investors's American Express Position

The fund sold out of its entire holding during the quarter, bringing its ending share count down to zero from 3,930 shares. American Express shares closed at $325.17 on the October 22, 2026 filing date.

Other Institutional Activity in American Express

Other institutional investors adjusted their holdings in American Express around the same period. Ninety One SA (Pty) opened a new position with 2,486 shares worth $762,407. Mirae Asset Securities established a stake of 50,313 shares valued at $15,300,183. Capital Investment Advisors grew its holdings by 9,178 shares, ending with 183,587 shares worth about $55,828,780. Pictet North America Advisors added a new holding of 2,390 shares valued at $726,799. Heck Capital Advisors also initiated a stake with 5,753 shares worth $1,749,488.

American Express Company Stock Down 3.2%

American Express stock recently traded around $313.20 as of October 24, 2026, sitting 3.7% below its closing price on the filing date. The shares trade below both their 50-day moving average of $319.80 and their 200-day moving average of $327.62. The stock has traded between a 52-week low of $290.97 and a 52-week high of $387.49.

Recent Earnings

American Express reported trailing twelve-month revenue of $70.91 billion and earnings of $16.48 per share. The integrated payments company posted a net profit margin of 16.1% and a return on equity of 34.4%. Revenue grew 12.8% on a year-over-year basis during the period.

Dividend

American Express pays an annual dividend rate of $3.80 per share, giving it a dividend yield of 1.17%. The company maintains a dividend payout ratio of 21.5%.

Insider Buying and Selling at American Express Company

Company insiders executed several share sales earlier in the year. Officer Quinn Jessica Lieberman sold 3,032 shares at $300.02 on March 6, 2026, for a total of $909,661. Officer Raymond D Joabar disposed of 40 shares on March 13, 2026. Officer Glenda G Mcneal unloaded 7,033 shares at $339.36 on June 15, 2026, totaling $2,386,719. Officer Monique Herena sold 8,111 shares at $337.41 on August 18, 2026, worth $2,972,920.

Analysts Set New Price Targets

Analyst firms updated their views on the stock ahead of the filing. On October 6, 2026, TD Cowen maintained its hold rating and lowered its price target to $335.00 from $338.00. RBC Capital maintained an outperform rating on October 9, 2026, adjusting its target down to $400.00 from $415.00. BMO Capital initiated coverage with an outperform rating and a $380.00 price target on October 9, 2026. Morgan Stanley maintained an equal-weight rating on October 12, 2026, lowering its target to $380.00 from $382.00. JP Morgan maintained an overweight rating on October 12, 2026, reducing its price target to $360.00 from $400.00. The stock carries a consensus buy recommendation from 25 analysts with a mean price target of $369.44.

About American Express

American Express Company operates as a global payments and credit services provider. The New York-based financial firm runs four main business segments spanning consumer services, commercial accounts, international cards, and global merchant services.

Bottom Line

Market participants continue to monitor institutional portfolio shifts and analyst adjustments surrounding American Express. Investors look toward upcoming earnings reports and future SEC disclosures to track how large funds position themselves in the credit services sector.