Qtron Investments LLC Sells 1,635 Shares of American Express Company $AXP

Qtron Investments LLC lowered its position in American Express Company (NYSE:AXP) by 17.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,478 shares of the payment services company’s stock after selling 1,635 shares during the period. Qtron Investments LLC’s holdings in American Express were worth $2,766,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AXP. Evolution Wealth Management Inc. raised its stake in shares of American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 66 shares during the last quarter. Joseph Group Capital Management bought a new position in shares of American Express in the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC bought a new position in shares of American Express in the third quarter valued at approximately $28,000. Torren Management LLC bought a new position in shares of American Express in the fourth quarter valued at approximately $32,000. Finally, Entrust Financial LLC bought a new position in shares of American Express in the fourth quarter valued at approximately $41,000. Institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

AXP has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $415.00 target price on shares of American Express in a research note on Friday, April 10th. JPMorgan Chase & Co. cut their target price on shares of American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Truist Financial cut their target price on shares of American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Weiss Ratings cut shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Finally, Loop Capital initiated coverage on shares of American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $359.05.

American Express Stock Performance

AXP stock opened at $318.95 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The company has a 50 day moving average price of $315.36 and a 200 day moving average price of $336.06. American Express Company has a fifty-two week low of $286.15 and a fifty-two week high of $387.49. The stock has a market capitalization of $217.63 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.27 and a beta of 1.06.

American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. During the same quarter in the previous year, the company posted $3.64 EPS. American Express’s revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts forecast that American Express Company will post 17.59 EPS for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. American Express’s payout ratio is presently 23.71%.

About American Express

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.