Quantbot Technologies LP Buys Shares of 3,136 American Express Company $AXP

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

Other large investors have also recently made changes to their positions in the company. Total Clarity Wealth Management Inc. boosted its position 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 during the period. Dover Advisors LLC raised its holdings in shares of American Express by 0.4% in the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock valued at $2,951,000 after buying an additional 29 shares during the period. Invenio Wealth Partners LLC lifted its stake in 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 lifted its stake in American Express by 2.7% during the 4th quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company’s stock worth $421,000 after acquiring an additional 30 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its holdings in American Express by 3.6% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company’s stock valued at $263,000 after acquiring an additional 30 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AXP. The Goldman Sachs Group lifted their target price on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Loop Capital began coverage on shares of American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective for the company. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research note on Thursday, June 18th. Finally, Benchmark began coverage on shares of American Express in a report on Monday, July 13th. They set a “buy” rating on the stock. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Trading Down 0.4%

Shares of NYSE: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 company’s 50 day moving average is $343.13 and its two-hundred day moving average is $326.44. 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. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping 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 firm had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter in the previous year, the firm posted $4.08 earnings per share. The company’s 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. Equities analysts predict that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

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

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.