Saxony Capital Management LLC Sells 276 Shares of American Express Company $AXP

Saxony Capital Management LLC cut its stake in American Express Company (NYSE:AXP) by 25.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 802 shares of the payment services company’s stock after selling 276 shares during the period. Saxony Capital Management LLC’s holdings in American Express were worth $256,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AXP. Briaud Financial Planning Inc bought a new stake in American Express in the second quarter valued at approximately $26,000. Hughes Financial Services LLC bought a new stake in American Express in the first quarter valued at approximately $35,000. 1 North Wealth Services LLC bought a new stake in American Express in the first quarter valued at approximately $37,000. Chung Wu Investment Group LLC bought a new stake in American Express in the second quarter valued at approximately $37,000. Finally, Solstein Capital LLC bought a new stake in American Express in the second quarter valued at approximately $39,000. 84.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AXP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. HSBC set a $295.00 price target on American Express and gave the stock a “hold” rating in a report on Friday, October 10th. Royal Bank Of Canada restated an “outperform” rating on shares of American Express in a report on Monday, July 14th. Truist Financial increased their price target on American Express from $375.00 to $395.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Finally, Compass Point reiterated a “neutral” rating and set a $324.00 price objective on shares of American Express in a report on Monday, October 20th. Nine 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $332.65.

Insider Activity at American Express

In other news, insider Douglas Tabish sold 2,515 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total transaction of $894,359.15. Following the transaction, the insider directly owned 2,515 shares of the company’s stock, valued at $894,359.15. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Laureen Seeger sold 61,721 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $297.47, for a total value of $18,360,145.87. Following the completion of the sale, the insider directly owned 9,001 shares of the company’s stock, valued at $2,677,527.47. The trade was a 87.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 222,011 shares of company stock valued at $70,725,044 over the last three months. 0.20% of the stock is currently owned by company insiders.

American Express Price Performance

Shares of NYSE:AXP opened at $360.70 on Friday. 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 Company has a twelve month low of $220.43 and a twelve month high of $365.75. The stock’s 50 day moving average is $335.65 and its 200-day moving average is $310.00. The firm has a market capitalization of $248.47 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 1.90 and a beta of 1.29.

American Express (NYSE:AXP) last issued its earnings results 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. American Express had a return on equity of 33.41% and a net margin of 14.97%.The company had revenue of $18.43 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same period in the prior year, the firm earned $3.49 earnings per share. American Express’s revenue for the quarter was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Sell-side analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s dividend payout ratio is presently 22.01%.

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.