American Express Company $AXP Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its holdings in American Express Company (NYSE:AXP) by 29.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,470 shares of the payment services company’s stock after buying an additional 1,459 shares during the period. Chicago Partners Investment Group LLC’s holdings in American Express were worth $1,997,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AXP. MorganRosel Wealth Management LLC purchased a new position in American Express during the first quarter worth about $29,000. Hughes Financial Services LLC purchased a new position in American Express during the first quarter worth about $35,000. 1 North Wealth Services LLC purchased a new position in American Express during the first quarter worth about $37,000. Chung Wu Investment Group LLC purchased a new position in American Express during the second quarter worth about $37,000. Finally, Abound Financial LLC purchased a new position in American Express during the first quarter worth about $41,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Monness Crespi & Hardt cut shares of American Express from a “buy” rating to a “neutral” rating in a report on Tuesday, July 15th. HSBC set a $295.00 target price on shares of American Express and gave the company a “hold” rating in a report on Friday, October 10th. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $323.60.

Insider Activity

In related news, insider Glenda G. Mcneal sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the sale, the insider owned 10,957 shares in the company, valued at approximately $3,391,191.50. This trade represents a 82.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the completion of the transaction, the chief executive officer owned 92,810 shares in the company, valued at approximately $30,614,306.60. This trade represents a 54.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 269,996 shares of company stock valued at $85,261,270 in the last 90 days. Insiders own 0.20% of the company’s stock.

American Express Stock Up 7.2%

AXP stock opened at $346.45 on Monday. American Express Company has a 12 month low of $220.43 and a 12 month high of $349.19. The company’s 50 day simple moving average is $325.64 and its 200-day simple moving average is $302.66. The firm has a market capitalization of $241.09 billion, a PE ratio of 23.25, a P/E/G ratio of 1.81 and a beta of 1.29. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.71 and a quick ratio of 1.69.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The firm had revenue of $18.43 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same quarter last year, the business earned $3.49 earnings per share. American Express’s revenue was up 11.0% compared to the same quarter last year. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities analysts expect that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. American Express’s dividend payout ratio (DPR) is 22.01%.

American Express Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.