Torray Investment Partners LLC Sells 33,375 Shares of American Express Company $AXP

Torray Investment Partners LLC trimmed its holdings in American Express Company (NYSE:AXP) by 57.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,275 shares of the payment services company’s stock after selling 33,375 shares during the period. American Express makes up 1.3% of Torray Investment Partners LLC’s holdings, making the stock its 26th largest holding. Torray Investment Partners LLC’s holdings in American Express were worth $8,981,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. B. Metzler seel. Sohn & Co. AG raised its position in shares of American Express by 40.8% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 132,882 shares of the payment services company’s stock valued at $49,296,000 after buying an additional 38,519 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of American Express by 23.6% during the fourth quarter. Teacher Retirement System of Texas now owns 187,295 shares of the payment services company’s stock worth $69,290,000 after buying an additional 35,726 shares during the last quarter. Mystic Asset Management Inc. grew its stake in shares of American Express by 1.2% during the fourth quarter. Mystic Asset Management Inc. now owns 4,770 shares of the payment services company’s stock worth $1,765,000 after buying an additional 58 shares during the last quarter. Schear Investment Advisers LLC grew its stake in shares of American Express by 34.5% during the fourth quarter. Schear Investment Advisers LLC now owns 4,761 shares of the payment services company’s stock worth $1,761,000 after buying an additional 1,222 shares during the last quarter. Finally, West Michigan Advisors LLC grew its stake in shares of American Express by 7.5% during the fourth quarter. West Michigan Advisors LLC now owns 9,706 shares of the payment services company’s stock worth $3,591,000 after buying an additional 677 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Trading Down 2.2%

AXP traded down $7.31 during trading on Thursday, reaching $325.59. 501,368 shares of the stock traded hands, compared to its average volume of 3,489,787. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $223.29 billion, a PE ratio of 21.10, a P/E/G ratio of 1.39 and a beta of 1.13. The stock’s 50-day moving average is $314.60 and its 200 day moving average is $344.56. American Express Company has a 12 month low of $257.21 and a 12 month high of $387.49.

American Express (NYSE:AXP) last issued its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. American Express had a return on equity of 33.49% and a net margin of 15.00%.The business had revenue of $14.22 billion during the quarter, compared to analyst estimates of $18.60 billion. During the same period in the previous year, the company posted $3.64 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. Equities analysts anticipate that American Express Company will post 17.53 earnings per share for the current year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be given a $0.95 dividend. 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, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio is presently 24.69%.

Insider Transactions at American Express

In related news, insider Howard Grosfield sold 8,134 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $346.73, for a total value of $2,820,301.82. Following the completion of the sale, the insider directly owned 9,433 shares of the company’s stock, valued at $3,270,704.09. The trade was a 46.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anna Marrs sold 27,425 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $350.01, for a total value of $9,599,024.25. Following the completion of the sale, the insider directly owned 20,394 shares of the company’s stock, valued at $7,138,103.94. The trade was a 57.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 73,944 shares of company stock valued at $26,114,366. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AXP has been the topic of a number of research reports. Morgan Stanley decreased their target price on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. JPMorgan Chase & Co. decreased their target price on shares of American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Royal Bank Of Canada set a $415.00 target price on shares of American Express in a research note on Friday, April 10th. Evercore set a $393.00 target price on shares of American Express in a research note on Tuesday, February 10th. Finally, UBS Group reaffirmed a “neutral” rating and set a $395.00 target price on shares of American Express in a research note on Wednesday, February 4th. Seven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $359.67.

American Express News Roundup

Here are the key news stories impacting American Express this week:

• Positive Sentiment: Q1 EPS topped estimates at $4.28 vs. a $4.01 consensus and cardmember spending grew at the strongest quarterly rate since 2022—driving the upside reaction. American Express (AXP) Stock Gains After Q1 Earnings Beat Expectations
• Positive Sentiment: Company reported higher net income ($3.0B) and management reaffirmed full‑year guidance, supported by fee growth, rising card balances and strong travel/discretionary spending. American Express trumps Q1 estimates, reaffirms full-year outlook
• Positive Sentiment: Premium/affluent customers remain a tailwind—spending on luxury goods and premium airfares drove the quarter and underpinned margin strength. Amex cardholders are loading up on luxury goods…
• Neutral Sentiment: Company is rolling out new membership/experiential initiatives (NFL Draft activation) and investing in AI/payment tools—positive for long-term engagement but not immediate EPS drivers. American Express Debuts New Membership Experiences
• Negative Sentiment: Some analysts flagged macro uncertainty; JPMorgan recently trimmed its price target on AXP citing the backdrop, and consensus ratings remain largely in the “Hold” camp—these views cap upside. AXP PT Slashed by JPMorgan on Uncertain Macro Outlook

American Express 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.