World Investment Advisors Buys 638 Shares of American Express Company $AXP

World Investment Advisors boosted its stake in American Express Company (NYSE:AXP) by 9.6% in the second quarter, HoldingsChannel reports. The firm owned 7,253 shares of the payment services company’s stock after acquiring an additional 638 shares during the period. World Investment Advisors’ holdings in American Express were worth $2,313,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Briaud Financial Planning Inc bought a new stake in American Express in the 2nd quarter worth approximately $26,000. Hughes Financial Services LLC bought a new stake in shares of American Express during the 1st quarter valued at $35,000. 1 North Wealth Services LLC bought a new stake in shares of American Express during the 1st quarter valued at $37,000. Chung Wu Investment Group LLC bought a new stake in shares of American Express during the 2nd quarter valued at $37,000. Finally, Solstein Capital LLC bought a new stake in shares of American Express during the 2nd quarter valued at $39,000. Institutional investors own 84.33% of the company’s stock.

American Express Stock Up 0.1%

AXP opened at $358.73 on Friday. The firm has a 50-day simple moving average of $334.81 and a two-hundred day simple moving average of $309.27. American Express Company has a 52 week low of $220.43 and a 52 week high of $365.75. The company has a market capitalization of $247.11 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.90 and a beta of 1.29. 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 released its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 EPS 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 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 business’s revenue was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Analysts forecast 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. Investors of record on Friday, October 10th will be issued 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 dividend yield of 0.9%. American Express’s dividend payout ratio (DPR) is presently 22.01%.

Insider Transactions at American Express

In related news, insider Douglas Tabish sold 2,515 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the transaction, the insider owned 2,515 shares of the company’s stock, valued at approximately $894,359.15. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laureen Seeger sold 61,721 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 9,001 shares of the company’s stock, valued at approximately $2,677,527.47. The trade was a 87.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 222,011 shares of company stock worth $70,725,044 in the last quarter. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AXP. Monness Crespi & Hardt downgraded shares of American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. Barclays boosted their price objective on shares of American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Evercore ISI lifted their target price on shares of American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently 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.