Signature Estate & Investment Advisors LLC Buys 77 Shares of American Express Company $AXP

Signature Estate & Investment Advisors LLC grew its stake in American Express Company (NYSE:AXP) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,309 shares of the payment services company’s stock after purchasing an additional 77 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in American Express were worth $737,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AXP. MorganRosel Wealth Management LLC bought a new position in shares of American Express in the first quarter valued at approximately $29,000. Hughes Financial Services LLC purchased a new stake in shares of American Express during the first quarter valued at approximately $35,000. 1 North Wealth Services LLC purchased a new stake in shares of American Express during the first quarter valued at approximately $37,000. Chung Wu Investment Group LLC purchased a new stake in shares of American Express during the second quarter valued at approximately $37,000. Finally, Abound Financial LLC purchased a new stake in shares of American Express during the first quarter valued at approximately $41,000. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling

In other news, CEO Stephen J. Squeri sold 112,272 shares of American Express 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 transaction, the chief executive officer directly owned 92,810 shares in the company, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laureen Seeger sold 61,721 shares of American Express stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $297.47, for a total value of $18,360,145.87. Following the completion of the transaction, the insider owned 9,001 shares of the company’s stock, valued at approximately $2,677,527.47. This trade represents a 87.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 269,996 shares of company stock valued at $85,261,270 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

American Express Stock Performance

NYSE:AXP opened at $346.45 on Monday. 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 business has a fifty day simple moving average of $325.64 and a two-hundred day simple moving average of $302.66. American Express Company has a 1 year low of $220.43 and a 1 year high of $349.19. The company has a market capitalization of $241.09 billion, a P/E ratio of 23.25, a P/E/G ratio of 1.81 and a beta of 1.29.

American Express (NYSE:AXP) last released 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. The business had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, analysts expect that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Monness Crespi & Hardt downgraded American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. UBS Group increased their price target on American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Barclays increased their price target on American Express from $297.00 to $336.00 and gave the company a “cautious” rating in a research report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $323.60.

American Express Company 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.