Fiduciary Family Office LLC Sells 139 Shares of American Express Company $AXP

Fiduciary Family Office LLC cut its stake in shares of American Express Company (NYSE:AXP) by 1.6% in the second quarter, Holdings Channel reports. The fund owned 8,526 shares of the payment services company’s stock after selling 139 shares during the period. American Express comprises approximately 0.9% of Fiduciary Family Office LLC’s holdings, making the stock its 17th biggest position. Fiduciary Family Office LLC’s holdings in American Express were worth $2,720,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of American Express by 1.3% during the first quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock valued at $12,334,299,000 after acquiring an additional 605,900 shares during the period. Wellington Management Group LLP lifted its holdings in shares of American Express by 13.7% during the first quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock valued at $4,849,777,000 after acquiring an additional 2,168,445 shares during the period. Nuveen LLC bought a new position in shares of American Express during the first quarter valued at $1,454,667,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of American Express by 1.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,093,807 shares of the payment services company’s stock valued at $1,370,489,000 after acquiring an additional 78,538 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of American Express by 25.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company’s stock valued at $1,278,711,000 after buying an additional 965,221 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AXP. Keefe, Bruyette & Woods lifted their price target on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Citigroup reaffirmed a “neutral” rating and issued a $327.00 price target (up from $300.00) on shares of American Express in a report on Wednesday, July 2nd. Compass Point reaffirmed a “neutral” rating and issued a $324.00 price target on shares of American Express in a report on Monday. Morgan Stanley lifted their price target on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Finally, DZ Bank cut American Express from a “hold” rating to a “sell” rating in a report on Monday, July 21st. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $332.26.

Insider Activity at American Express

In other news, insider Anna Marrs sold 5,500 shares of the business’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the completion of the transaction, the insider directly owned 20,311 shares in the company, valued at approximately $6,312,049.47. The trade was a 21.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total value of $7,671,326.85. Following the transaction, the insider owned 123,613 shares of the company’s stock, valued at $40,343,574.81. The trade was a 15.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 269,996 shares of company stock worth $85,261,270. 0.20% of the stock is owned by company insiders.

American Express Stock Up 0.7%

Shares of NYSE:AXP opened at $349.21 on Tuesday. American Express Company has a one year low of $220.43 and a one year high of $350.22. The company has a 50 day moving average of $326.69 and a 200-day moving average of $303.47. 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 stock has a market cap of $243.01 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 1.81 and a beta of 1.29.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The company had revenue of $18.43 billion during the quarter, compared to analysts’ expectations of $18.03 billion. During the same quarter in the previous year, the company earned $3.49 EPS. American Express’s revenue was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, sell-side analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

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

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.