American Express Company $AXP Stock Holdings Increased by Rothschild & Co Wealth Management UK Ltd

Rothschild & Co Wealth Management UK Ltd increased its holdings in shares of American Express Company (NYSE:AXP) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,815,114 shares of the payment services company’s stock after purchasing an additional 39,432 shares during the period. American Express makes up 13.3% of Rothschild & Co Wealth Management UK Ltd’s holdings, making the stock its biggest position. Rothschild & Co Wealth Management UK Ltd’s holdings in American Express were worth $897,965,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Modera Wealth Management LLC raised its stake in shares of American Express by 1.3% during the 2nd quarter. Modera Wealth Management LLC now owns 19,691 shares of the payment services company’s stock valued at $6,281,000 after buying an additional 247 shares during the last quarter. Twin Capital Management Inc. purchased a new position in American Express during the second quarter valued at approximately $2,728,000. Soltis Investment Advisors LLC lifted its holdings in American Express by 66.2% in the second quarter. Soltis Investment Advisors LLC now owns 3,661 shares of the payment services company’s stock valued at $1,168,000 after acquiring an additional 1,458 shares during the period. Washington Trust Bank boosted its position in American Express by 5.5% in the 2nd quarter. Washington Trust Bank now owns 1,341 shares of the payment services company’s stock worth $428,000 after purchasing an additional 70 shares in the last quarter. Finally, SouthState Corp grew its stake in shares of American Express by 3.8% during the 2nd quarter. SouthState Corp now owns 14,940 shares of the payment services company’s stock worth $4,766,000 after purchasing an additional 550 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AXP has been the subject of several analyst reports. Monness Crespi & Hardt cut shares of American Express from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. Compass Point reiterated a “neutral” rating and issued a $324.00 price objective on shares of American Express in a research report on Monday, October 20th. UBS Group raised their target price on American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Weiss Ratings upgraded American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Finally, Morgan Stanley raised their price objective on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $332.65.

American Express Trading Down 0.0%

AXP stock opened at $365.74 on Friday. American Express Company has a 12-month low of $220.43 and a 12-month high of $369.26. The business’s 50-day moving average is $338.99 and its 200 day moving average is $313.05. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. The stock has a market cap of $251.94 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 1.90 and a beta of 1.27.

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 firm had revenue of $18.43 billion for the quarter, compared to analyst estimates of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, sell-side analysts anticipate that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be given a $0.82 dividend. 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 is 22.01%.

Insider Transactions at American Express

In related news, CEO Stephen J. Squeri sold 112,272 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the sale, the chief executive officer owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. This represents a 54.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Elizabeth Rutledge sold 50,000 shares of American Express stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the transaction, the chief marketing officer directly owned 85,577 shares in the company, valued at $30,825,691.17. This trade represents a 36.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 193,292 shares of company stock valued at $65,363,878. 0.20% of the stock is currently owned by company insiders.

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.