Retirement Planning Group LLC Purchases 169 Shares of American Express Company $AXP

Retirement Planning Group LLC lifted its position in shares of American Express Company (NYSE:AXP) by 10.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,817 shares of the payment services company’s stock after purchasing an additional 169 shares during the period. Retirement Planning Group LLC’s holdings in American Express were worth $579,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new stake in American Express during the first quarter worth about $29,000. Hughes Financial Services LLC purchased a new stake in American Express during the first quarter worth about $35,000. 1 North Wealth Services LLC purchased a new stake in American Express during the first quarter worth about $37,000. Chung Wu Investment Group LLC purchased a new stake in American Express during the second quarter worth about $37,000. Finally, Abound Financial LLC purchased a new stake in American Express during the first quarter worth about $41,000. 84.33% of the stock is owned by institutional investors.

American Express Trading Down 1.0%

Shares of American Express stock opened at $351.68 on Thursday. American Express Company has a 1 year low of $220.43 and a 1 year high of $357.73. The firm has a market cap of $242.25 billion, a PE ratio of 23.60, a PEG ratio of 1.84 and a beta of 1.29. 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 company has a 50 day simple moving average of $328.64 and a two-hundred day simple moving average of $304.16.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. The firm had revenue of $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. 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 paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s payout ratio is presently 22.01%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AXP. Evercore ISI lifted their target price on shares of American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Compass Point reiterated a “neutral” rating and issued a $324.00 target price on shares of American Express in a research note on Monday. UBS Group lifted their target price on shares of American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Barclays lifted their target price on shares of American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Wells Fargo & Company boosted their price objective on shares of American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday. Nine research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $332.65.

Insider Buying and Selling

In other American Express news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction 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 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 the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $297.47, for a total transaction of $18,360,145.87. Following the transaction, the insider directly owned 9,001 shares in the company, valued at approximately $2,677,527.47. The trade was 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 over the last quarter. Company 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.