Royal London Asset Management Ltd. Sells 3,414 Shares of American Express Company $AXP

Royal London Asset Management Ltd. reduced its stake in American Express Company (NYSE:AXP) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 248,094 shares of the payment services company’s stock after selling 3,414 shares during the quarter. Royal London Asset Management Ltd.’s holdings in American Express were worth $83,918,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Evolution Wealth Management Inc. lifted its holdings in American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. Sfam LLC bought a new position in American Express during the 4th quarter worth $26,000. Archer Investment Corp bought a new stake in shares of American Express in the second quarter valued at about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of American Express in the fourth quarter valued at about $28,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of American Express in the fourth quarter valued at about $29,000. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

NYSE AXP opened at $333.64 on Friday. The firm’s 50 day simple moving average is $342.85 and its 200 day simple moving average is $326.18. The firm has a market capitalization of $225.31 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.35 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 Company has a 1 year low of $290.97 and a 1 year high of $387.49.

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

American Express Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Benchmark assumed coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. TD Cowen boosted their price target on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. raised American Express from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. Morgan Stanley lowered their price objective on American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a research note on Monday, July 27th. Finally, Royal Bank Of Canada cut American Express from a “moderate buy” rating to a “hold” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus 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.