Whipplewood Advisors LLC Sells 39 Shares of American Express Company $AXP

Whipplewood Advisors LLC reduced its stake in American Express Company (NYSE:AXP) by 13.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 244 shares of the payment services company’s stock after selling 39 shares during the period. Whipplewood Advisors LLC’s holdings in American Express were worth $78,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Briaud Financial Planning Inc bought a new stake in shares of American Express in the 2nd quarter worth about $26,000. MorganRosel Wealth Management LLC bought a new stake in shares of American Express in the 1st quarter worth about $29,000. Chung Wu Investment Group LLC bought a new stake in shares of American Express in the 2nd quarter worth about $37,000. Hughes Financial Services LLC bought a new stake in shares of American Express in the 1st quarter worth about $35,000. Finally, Proffitt & Goodson Inc. bought a new stake in shares of American Express in the 2nd quarter worth about $41,000. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Performance

Shares of NYSE:AXP opened at $357.29 on Monday. The company has a market capitalization of $246.12 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 1.86 and a beta of 1.29. American Express Company has a 12 month low of $220.43 and a 12 month high of $362.32. The firm’s 50-day moving average is $330.62 and its 200 day moving average is $306.69. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78.

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

American Express Announces Dividend

The business also recently disclosed 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. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s payout ratio is 22.01%.

Insider Buying and Selling

In other American Express news, insider Denise Pickett sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were 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 directly owned 7,726 shares of the company’s stock, valued at $2,709,739.98. The trade was a 39.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the completion of the sale, the insider directly owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 277,511 shares of company stock worth $87,909,279 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley boosted their target price on shares of American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 target price on the stock in a report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a report on Monday, July 14th. Finally, Wells Fargo & Company upped their price target on shares of American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Nine research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, American Express presently has an average rating of “Hold” and a consensus target price of $332.65.

American Express 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.