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

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

A number of other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC grew its position in American Express by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock worth $3,338,238,000 after buying an additional 141,936 shares in the last quarter. Capital World Investors grew its position in American Express by 46.7% during the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after buying an additional 2,393,340 shares in the last quarter. Norges Bank acquired a new stake in American Express during the fourth quarter worth about $2,464,215,000. Nuveen LLC grew its position in American Express by 6.0% during the fourth quarter. Nuveen LLC now owns 5,172,484 shares of the payment services company’s stock worth $1,913,560,000 after buying an additional 293,107 shares in the last quarter. Finally, Capital Research Global Investors grew its position in American Express by 0.3% during the fourth quarter. Capital Research Global Investors now owns 4,467,637 shares of the payment services company’s stock worth $1,652,810,000 after buying an additional 14,977 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Up 1.8%

NYSE AXP opened at $318.95 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The stock’s 50 day moving average is $315.36 and its two-hundred day moving average is $336.06. The company has a market capitalization of $217.63 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.27 and a beta of 1.06. American Express Company has a 1-year low of $286.15 and a 1-year high of $387.49.

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

American Express Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Truist Financial decreased their target price on American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Morgan Stanley decreased their target price on American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. BTIG Research reissued a “sell” rating and set a $285.00 target price on shares of American Express in a research report on Friday, April 24th. Bank of America lifted their target price on American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus price target of $359.05.

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.