Quantbot Technologies LP Takes Position in American Express Company $AXP

Quantbot Technologies LP bought a new stake in American Express Company (NYSE:AXP) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 3,136 shares of the payment services company’s stock, valued at approximately $1,061,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Evolution Wealth Management Inc. boosted its stake in 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 in the last quarter. Joseph Group Capital Management acquired a new stake in shares of American Express during the fourth quarter worth about $26,000. Sfam LLC purchased a new stake in shares of American Express in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express in the 4th quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in American Express during the 3rd quarter worth approximately $28,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Stock Down 0.4%

AXP opened at $336.14 on Wednesday. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The business has a 50 day moving average price of $343.13 and a two-hundred day moving average price of $326.44. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The company has a market cap of $227.00 billion, a PE ratio of 20.40, a P/E/G ratio of 1.37 and a beta of 1.04.

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

American Express Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is 23.06%.

Analyst Ratings Changes

Several research firms have commented on AXP. Royal Bank Of Canada lowered American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. TD Cowen increased their price objective on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a report on Tuesday, July 7th. HSBC raised their target price on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. BTIG Research reduced their price target on shares of American Express from $324.00 to $315.00 and set a “sell” rating for the company in a research report on Monday, July 27th. Finally, Piper Sandler increased their price target on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $373.32.

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.