Jacobsen Capital Management Purchases 102 Shares of American Express Company $AXP

Jacobsen Capital Management lifted its position in shares of American Express Company (NYSE:AXP) by 12.0% in the 2nd quarter, Holdings Channel reports. The fund owned 952 shares of the payment services company’s stock after buying an additional 102 shares during the quarter. Jacobsen Capital Management’s holdings in American Express were worth $304,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Capital Asset Advisory Services LLC boosted its position in American Express by 2.8% during the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock worth $384,000 after purchasing an additional 32 shares during the period. DLK Investment Management LLC grew its stake in American Express by 3.8% in the 2nd quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after buying an additional 32 shares in the last quarter. Financial Engines Advisors L.L.C. grew its stake in American Express by 4.7% in the 1st quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock valued at $208,000 after buying an additional 35 shares in the last quarter. Modern Wealth Management LLC raised its holdings in American Express by 0.7% during the 1st quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock valued at $1,324,000 after acquiring an additional 35 shares during the period. Finally, Greenfield Savings Bank lifted its position in shares of American Express by 0.3% during the second quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock worth $4,184,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AXP. Wells Fargo & Company raised their target price on American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday. HSBC set a $295.00 price objective on shares of American Express and gave the company a “hold” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. upped their target price on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Barclays raised their price target on shares of American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a report on Monday. Finally, UBS Group raised their price target on American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Nine research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $332.65.

Insider Buying and Selling

In related news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business’s stock in a transaction that occurred on 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 directly owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. The trade was a 15.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anna Marrs sold 5,500 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total value of $1,709,235.00. Following the transaction, the insider owned 20,311 shares of the company’s stock, valued at $6,312,049.47. This represents a 21.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 269,996 shares of company stock valued at $85,261,270 over the last ninety days. 0.20% of the stock is owned by insiders.

American Express Trading Up 1.8%

Shares of AXP stock opened at $355.76 on Wednesday. The business has a 50-day moving average of $327.75 and a 200 day moving average of $303.83. American Express Company has a 1-year low of $220.43 and a 1-year high of $356.67. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.69. The stock has a market capitalization of $245.06 billion, a PE ratio of 23.88, a P/E/G ratio of 1.85 and a beta of 1.29.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, beating 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 business had revenue of $18.43 billion for the quarter, compared to analysts’ expectations of $18.03 billion. During the same quarter in the previous year, the business posted $3.49 earnings per share. The firm’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. As a group, sell-side analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

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

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.