American Express Company
MX ˙ BMV ˙ US0258161092
SecurityMX:AXP / American Express Company
InstitutionBeutel, Goodman & Co Ltd.
Latest Disclosed Ownership664,522 shares
Latest Disclosed Value $ 201,004
Beutel, Goodman & Co Ltd. reports 13.15% decrease in ownership of AXP / American Express Company

On May 15, 2026 - Beutel, Goodman & Co Ltd. filed a 13F-HR form disclosing ownership of 664,522 shares of American Express Company (MX:AXP) valued at $201,004 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 765,136 shares of American Express Company. This represents a change in shares of -13.15% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F American Express Common 025816109 664,522 -100,614 -13.15 201 -28.98 1.3626
2026-02-13 2025-12-31 13F American Express Common 025816109 765,136 -462,011 -37.65 283 -30.47 1.7389
2025-11-14 2025-09-30 13F American Express Common 025816109 1,227,147 -200,566 -14.05 408 -10.55 2.4549
2025-08-13 2025-06-30 13F American Express Common 025816109 1,427,713 -28,625 -1.97 455 16.37 2.5948
2025-05-14 2025-03-31 13F/A-1 American Express Common 025816109 1,456,338 6,860 0.47 392 -9.07 2.2581
2025-05-12 2025-03-31 13F American Express Common 025816109 1,456,338 6,860 392 2.2466
2025-02-12 2024-12-31 13F American Express Common 025816109 1,449,478 -2,114 -0.15 430 9.41 2.3402
2024-11-13 2024-09-30 13F American Express Common 025816109 1,451,592 -11,820 -0.81 394 16.27 1.9401
2024-08-13 2024-06-30 13F American Express Common 025816109 1,463,412 64,072 4.58 339 6.29 1.8009
2024-05-14 2024-03-31 13F/A-1 American Express Common 025816109 1,399,340 -668,518 -32.33 319 -17.83 1.6413
2024-05-13 2024-03-31 13F American Express Common 025816109 2,067,858 0 387 2.0650
2024-02-09 2023-12-31 13F American Express Common 025816109 2,067,858 142,763 7.42 387 34.84 2.0547
2023-11-13 2023-09-30 13F American Express Common 025816109 1,925,095 139,954 7.84 287 -7.42 1.6969
2023-08-14 2023-06-30 13F American Express Common 025816109 1,785,141 125,990 7.59 311 13.55 1.7431
2023-05-12 2023-03-31 13F American Express Common 025816109 1,659,151 41,156 2.54 274 14.23 1.6087
2023-02-14 2022-12-31 13F American Express Common 025816109 1,617,995 -2,135 -0.13 239 -99.89 1.4473
2022-11-14 2022-09-30 13F American Express Common 025816109 1,620,130 209,333 14.84 218,571 11.76 1.4780
2022-08-15 2022-06-30 13F American Express Common 025816109 1,410,797 147,897 11.71 195,564 -17.19 1.2150
2022-05-12 2022-03-31 13F American Express Common 025816109 1,262,900 167,162 15.26 236,162 31.74 1.3362
2022-02-14 2021-12-31 13F American Express Common 025816109 1,095,738 144,302 15.17 179,262 12.46 1.0231
2021-11-12 2021-09-30 13F American Express Common 025816109 951,436 -70,172 -6.87 159,394 -5.57 0.9757
2021-08-13 2021-06-30 13F American Express Common 025816109 1,021,608 -1,078,812 -51.36 168,800 -43.18 1.0038
2021-05-14 2021-03-31 13F American Express Common 025816109 2,100,420 -74,594 -3.43 297,083 12.97 1.8651
2021-02-05 2020-12-31 13F American Express Common 025816109 2,175,014 130,767 6.40 262,980 28.32 1.7808
2020-11-13 2020-09-30 13F American Express Common 025816109 2,044,247 315,348 18.24 204,935 24.51 1.6481
2020-08-14 2020-06-30 13F American Express Common 025816109 1,728,899 581,719 50.71 164,591 67.59 1.3526
2020-05-14 2020-03-31 13F American Express Common 025816109 1,147,180 134,423 13.27 98,210 -22.10 0.9161
2020-02-24 2019-12-31 13F/A-1 American Express Common 025816109 1,012,757 76,734 8.20 126,078 50.85 0.7235
2020-02-14 2019-12-31 13F American Express Common 025816109 1,174,707 238,684 146,239 762,198.2921
2019-12-23 2019-09-30 13F/A-1 AMERICAN EXPRESS COMMON 025816109 936,023 -526,569 -36.00 83,577 -39.38 0.5824
2019-10-31 2019-09-30 13F AMERICAN EXPRESS COMMON 025816109 936,023 -526,569 1,787 165,889.2061
2019-08-15 2019-06-30 13F/A-1 AMERICAN EXPRESS COMMON 025816109 1,462,592 -342,926 -18.99 137,862 -6.64 0.9987
2019-08-15 2019-06-30 13F AMERICAN EXPRESS COMMON 025816109 1,462,592 -342,926 137,862
2019-04-30 2019-03-31 13F/A-1 AMERICAN EXPRESS COMMON 025816109 1,805,518 31,191 1.76 147,672 19.17 1.1087
2019-04-26 2019-03-31 13F AMERICAN EXPRESS COMMON 025816109 1,805,518 31,191 147,672
2019-02-11 2018-12-31 13F/A-1 AMERICAN EXPRESS COMMON 025816109 1,774,327 10,072 0.57 123,921 -14.74 1.0551
2019-02-07 2018-12-31 13F AMERICAN EXPRESS COMMON 025816109 1,774,327 10,072 12,392
2018-10-31 2018-09-30 13F AMERICAN EXPRESS COMMON 025816109 1,764,255 -16,568 -0.93 145,340 9.46 1.0504
2018-07-30 2018-06-30 13F/A-1 AMERICAN EXPRESS COMMON 025816109 1,780,823 175,043 10.90 132,775 7.30 0.9776
2018-07-30 2018-06-30 13F AMERICAN EXPRESS COMMON 025816109 1,780,823 175,043 132,775
2018-04-30 2018-03-31 13F AMERICAN EXPRESS COMMON 025816109 1,605,780 36,631 2.33 123,739 -0.60 0.9357
2018-02-21 2017-12-31 13F/A-2 AMERICAN EXPRESS COMMON 025816109 1,569,149 -799,556 -33.75 124,491 -27.31 0.8459
2018-01-25 2017-12-31 13F/A-1 AMERICAN EXPRESS COMMON 025816109 1,569,149 0 124,491 0.8961
2018-01-24 2017-12-31 13F AMERICAN EXPRESS COMMON 025816109 1,569,149 -799,556 124,491
2017-10-11 2017-09-30 13F AMERICAN EXPRESS COMMON 025816109 2,368,705 64,933 2.82 171,273 14.58 1.3001
2017-07-12 2017-06-30 13F AMERICAN EXPRESS COMMON 025816109 2,303,772 339,321 17.27 149,480 15.37 1.3548
2017-04-12 2017-03-31 13F AMERICAN EXPRESS COMMON 025816109 1,964,451 -181,140 -8.44 129,563 9.45 1.1405
2017-01-20 2016-12-31 13F AMERICAN EXPRESS COMMON 025816109 2,145,591 70,730 3.41 118,377 16.86 1.0562
2016-10-12 2016-09-30 13F AMERICAN EXPRESS COMMON 025816109 2,074,861 2,074,861 101,299 0.9793
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.