Beverly Hills Private Wealth LLC Buys 249 Shares of American Express Company $AXP

Beverly Hills Private Wealth LLC increased its stake in shares of American Express Company (NYSE:AXP) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,752 shares of the payment services company’s stock after purchasing an additional 249 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in American Express were worth $2,473,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Balboa Wealth Partners grew its position in shares of American Express by 12.4% during the 2nd quarter. Balboa Wealth Partners now owns 7,323 shares of the payment services company’s stock worth $2,336,000 after buying an additional 810 shares in the last quarter. Calamos Wealth Management LLC increased its holdings in shares of American Express by 3.0% in the second quarter. Calamos Wealth Management LLC now owns 55,449 shares of the payment services company’s stock valued at $17,687,000 after purchasing an additional 1,597 shares during the period. Cidel Asset Management Inc. grew its holdings in American Express by 4.0% during the second quarter. Cidel Asset Management Inc. now owns 2,570 shares of the payment services company’s stock worth $820,000 after acquiring an additional 99 shares during the period. Salomon & Ludwin LLC grew its holdings in American Express by 42.0% during the second quarter. Salomon & Ludwin LLC now owns 490 shares of the payment services company’s stock worth $160,000 after acquiring an additional 145 shares during the period. Finally, Chicago Partners Investment Group LLC grew its holdings in American Express by 29.1% in the second quarter. Chicago Partners Investment Group LLC now owns 6,470 shares of the payment services company’s stock valued at $1,997,000 after purchasing an additional 1,459 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on AXP shares. Evercore ISI lifted their price objective on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. William Blair reaffirmed an “outperform” rating on shares of American Express in a research report on Wednesday, July 2nd. BTIG Research reissued a “sell” rating on shares of American Express in a research report on Friday. Citigroup reaffirmed a “neutral” rating and set a $327.00 price objective (up from $300.00) on shares of American Express in a research note on Wednesday, July 2nd. Finally, Wells Fargo & Company upped their price objective on American Express from $350.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $323.60.

American Express Trading Up 7.2%

NYSE:AXP opened at $346.45 on Monday. The business’s 50-day moving average is $325.64 and its two-hundred day moving average is $302.66. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.71 and a quick ratio of 1.69. The firm has a market capitalization of $241.09 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 1.81 and a beta of 1.29. American Express Company has a 12 month low of $220.43 and a 12 month high of $349.19.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. American Express had a return on equity of 33.41% and a net margin of 14.97%.The business had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same period last year, the firm earned $3.49 earnings per share. The company’s revenue for the quarter 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. Research analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. American Express’s dividend payout ratio is currently 22.01%.

Insider Buying and Selling

In other news, CEO Stephen J. Squeri sold 112,272 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the sale, the chief executive officer owned 92,810 shares in the company, valued at $30,614,306.60. This represents a 54.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Glenda G. Mcneal sold 50,000 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $309.50, for a total value of $15,475,000.00. Following the completion of the sale, the insider owned 10,957 shares of the company’s stock, valued at $3,391,191.50. The trade was a 82.03% 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 three months. Insiders own 0.20% of the company’s stock.

About American Express

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.