Quilter Plc Has $31.48 Million Stock Holdings in American Express Company $AXP

Quilter Plc trimmed its holdings in shares of American Express Company (NYSE:AXP) by 15.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 85,081 shares of the payment services company’s stock after selling 15,262 shares during the quarter. Quilter Plc’s holdings in American Express were worth $31,476,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Valley Wealth Managers Inc. lifted its stake in American Express by 153.3% during the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after purchasing an additional 46 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of American Express in the 3rd quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC acquired a new position in shares of American Express in the 3rd quarter worth approximately $28,000. Guerra Advisors Inc bought a new position in shares of American Express during the 3rd quarter worth approximately $28,000. Finally, Halbert Hargrove Global Advisors LLC lifted its position in shares of American Express by 210.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock worth $29,000 after buying an additional 59 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

Shares of AXP stock opened at $300.23 on Monday. The stock’s fifty day moving average is $323.53 and its 200-day moving average is $346.02. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.58 and a current ratio of 1.59. The stock has a market capitalization of $205.89 billion, a PE ratio of 19.51, a PEG ratio of 1.27 and a beta of 1.13. American Express Company has a 52 week low of $220.43 and a 52 week high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). The business had revenue of ($17,139.00) million during the quarter, compared to the consensus estimate of $18.91 billion. American Express had a net margin of 15.00% and a return on equity of 33.49%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.04 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 3rd will be paid a $0.95 dividend. This is a boost from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, April 2nd. American Express’s payout ratio is presently 24.69%.

Insider Activity at American Express

In related news, insider Ravikumar Radhakrishnan sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $356.58, for a total value of $5,348,700.00. Following the completion of the transaction, the insider owned 8,945 shares in the company, valued at $3,189,608.10. The trade was a 62.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anna Marrs sold 27,425 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $350.01, for a total value of $9,599,024.25. Following the transaction, the insider directly owned 20,394 shares in the company, valued at approximately $7,138,103.94. This represents a 57.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 73,944 shares of company stock valued at $26,114,366 over the last ninety days. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the subject of several recent analyst reports. Credit Suisse Group set a $328.00 price objective on American Express in a research note on Monday, January 12th. The Goldman Sachs Group restated a “buy” rating and issued a $420.00 target price on shares of American Express in a research note on Tuesday, January 6th. Morgan Stanley set a $395.00 target price on shares of American Express in a report on Tuesday, January 20th. Wells Fargo & Company increased their target price on shares of American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, American Express has an average rating of “Hold” and an average target price of $352.95.

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.