Insider Selling: American Express (NYSE:AXP) Insider Sells $1,753,650.00 in Stock

American Express Company (NYSE:AXP) insider Denise Pickett sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total value of $1,753,650.00. Following the completion of the sale, the insider owned 7,726 shares of the company’s stock, valued at approximately $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

American Express Stock Up 0.7%

Shares of AXP opened at $357.29 on Monday. The company has a market cap of $246.12 billion, a PE ratio of 23.98, a P/E/G ratio of 1.86 and a beta of 1.29. The business has a fifty day moving average of $330.62 and a 200 day moving average of $306.69. American Express Company has a 52-week low of $220.43 and a 52-week high of $362.32. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP) last issued its quarterly 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 company 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%.American Express’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, sell-side analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The firm 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 dividend payout ratio (DPR) is 22.01%.

Hedge Funds Weigh In On American Express

Institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in American Express by 5.5% in the first quarter. Principal Financial Group Inc. now owns 680,308 shares of the payment services company’s stock valued at $183,037,000 after purchasing an additional 35,295 shares during the last quarter. Pinnacle Financial Partners Inc grew its stake in American Express by 1.4% in the first quarter. Pinnacle Financial Partners Inc now owns 167,534 shares of the payment services company’s stock valued at $45,243,000 after purchasing an additional 2,259 shares during the last quarter. R Squared Ltd purchased a new position in American Express in the first quarter valued at about $509,000. Mirae Asset Global Investments Co. Ltd. grew its stake in American Express by 6.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,458 shares of the payment services company’s stock valued at $25,088,000 after purchasing an additional 5,693 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its stake in American Express by 15.8% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 8,787 shares of the payment services company’s stock valued at $2,364,000 after purchasing an additional 1,199 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays lifted their target price on American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Deutsche Bank Aktiengesellschaft lifted their target price on American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Monness Crespi & Hardt downgraded American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. Compass Point reiterated a “neutral” rating and set a $324.00 target price on shares of American Express in a research report on Monday, October 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a research report on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, American Express currently has an average rating of “Hold” and a consensus price target of $332.65.

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.