American Express Company $AXP Position Trimmed by Biltmore Family Office LLC

Biltmore Family Office LLC trimmed its holdings in shares of American Express Company (NYSE:AXP) by 19.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 627 shares of the payment services company’s stock after selling 150 shares during the period. Biltmore Family Office LLC’s holdings in American Express were worth $200,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of American Express by 5.5% in the 1st quarter. Principal Financial Group Inc. now owns 680,308 shares of the payment services company’s stock valued at $183,037,000 after acquiring an additional 35,295 shares in the last quarter. Pinnacle Financial Partners Inc lifted its position in shares of American Express by 1.4% in the 1st quarter. Pinnacle Financial Partners Inc now owns 167,534 shares of the payment services company’s stock valued at $45,243,000 after acquiring an additional 2,259 shares in the last quarter. R Squared Ltd purchased a new stake in shares of American Express in the 1st quarter valued at approximately $509,000. U.S. Capital Wealth Advisors LLC lifted its position in shares of American Express by 15.8% in the 1st 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 acquiring an additional 1,199 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. lifted its position in shares of American Express by 7.7% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 12,630 shares of the payment services company’s stock valued at $3,398,000 after acquiring an additional 900 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AXP has been the subject of several research analyst reports. BTIG Research upped their price target on shares of American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research report on Friday, October 17th. Keefe, Bruyette & Woods upped their price target on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. 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 research report on Monday, October 20th. Compass Point restated a “neutral” rating and issued a $324.00 price target on shares of American Express in a research report on Monday, October 20th. Finally, Morgan Stanley upped their price target on shares of American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Nine research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, American Express currently has a consensus rating of “Hold” and an average target price of $332.65.

American Express Stock Down 0.1%

AXP stock opened at $361.41 on Wednesday. American Express Company has a 12-month low of $220.43 and a 12-month high of $362.84. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The company has a market cap of $248.95 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 1.92 and a beta of 1.29. The company has a 50 day moving average of $332.81 and a two-hundred day moving average of $308.18.

American Express (NYSE:AXP) last released its 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. 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 the consensus estimate of $18.03 billion. During the same quarter in the prior year, the firm earned $3.49 EPS. The company’s revenue 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. On average, equities analysts anticipate that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. American Express’s dividend payout ratio (DPR) is currently 22.01%.

Insider Buying and Selling at American Express

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the firm’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 owned 123,613 shares in the company, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas Tabish sold 2,515 shares of the firm’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total transaction of $894,359.15. Following the transaction, the insider owned 2,515 shares in the company, valued at $894,359.15. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 222,011 shares of company stock worth $70,725,044 in the last ninety days. Company insiders own 0.20% of the company’s stock.

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.