Royal London Asset Management Ltd. Has $83.92 Million Holdings in American Express Company $AXP

Royal London Asset Management Ltd. lessened its position in shares of American Express Company (NYSE:AXP) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,094 shares of the payment services company’s stock after selling 3,414 shares during the period. Royal London Asset Management Ltd.’s holdings in American Express were worth $83,918,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Total Clarity Wealth Management Inc. grew its holdings in shares of American Express by 3.4% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock worth $323,000 after buying an additional 29 shares in the last quarter. Dover Advisors LLC grew its stake in shares of American Express by 0.4% during the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock worth $2,951,000 after acquiring an additional 29 shares in the last quarter. Invenio Wealth Partners LLC grew its stake in shares of American Express by 3.9% during the 3rd quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock worth $258,000 after acquiring an additional 29 shares in the last quarter. Strait & Sound Wealth Management LLC raised its holdings in shares of American Express by 2.7% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company’s stock valued at $421,000 after purchasing an additional 30 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC lifted its position in shares of American Express by 3.6% in the first quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company’s stock worth $263,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AXP shares. BTIG Research cut their price target on shares of American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research report on Monday, July 27th. JPMorgan Chase & Co. upgraded American Express from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $328.00 to $400.00 in a report on Monday, July 13th. Evercore set a $370.00 price target on American Express in a research report on Monday, July 27th. TD Cowen raised their price target on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. Finally, Guggenheim started coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $373.32.

American Express Stock Performance

Shares of AXP opened at $333.64 on Friday. The company has a market cap of $225.31 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.35 and a beta of 1.04. The firm has a 50-day moving average of $342.85 and a 200-day moving average of $326.18. American Express Company has a one year low of $290.97 and a one year high of $387.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same period in the prior year, the firm earned $4.08 EPS. American Express’s quarterly revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts forecast that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s payout ratio is presently 23.06%.

American Express Company Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.