Aviva PLC Buys 4,421 Shares of American Express Company $AXP

Aviva PLC lifted its position in American Express Company (NYSE:AXP) by 1.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 448,042 shares of the payment services company’s stock after purchasing an additional 4,421 shares during the period. Aviva PLC’s holdings in American Express were worth $142,916,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc bought a new position in shares of American Express during the second quarter valued at approximately $26,000. Access Investment Management LLC acquired a new position in American Express during the 2nd quarter valued at about $26,000. Hughes Financial Services LLC purchased a new position in shares of American Express in the 1st quarter valued at approximately $35,000. 1 North Wealth Services LLC purchased a new position in shares of American Express in the first quarter worth $37,000. Finally, Chung Wu Investment Group LLC purchased a new position in American Express in the 2nd quarter worth $37,000. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AXP has been the subject of several research reports. Evercore ISI lifted their price objective 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. Monness Crespi & Hardt lowered American Express from a “buy” rating to a “neutral” rating in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Barclays lifted their target price on shares of American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Finally, Wall Street Zen upgraded American Express from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Nine research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, American Express currently has an average rating of “Hold” and an average target price of $332.65.

Insider Transactions at American Express

In other American Express news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total value of $7,671,326.85. Following the sale, the insider owned 123,613 shares of the company’s stock, valued at $40,343,574.81. The trade was a 15.98% 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, CMO Elizabeth Rutledge sold 50,000 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $360.21, for a total value of $18,010,500.00. Following the transaction, the chief marketing officer 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 193,292 shares of company stock worth $65,363,878 in the last three months. Company insiders own 0.20% of the company’s stock.

American Express Price Performance

AXP stock opened at $368.90 on Friday. American Express Company has a 52-week low of $220.43 and a 52-week high of $370.00. 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 stock has a market cap of $254.12 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. The business has a fifty day moving average of $339.73 and a two-hundred day moving average of $313.93.

American Express (NYSE:AXP) last released its quarterly 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. The business had revenue of $18.43 billion during the quarter, compared to analysts’ expectations of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, research analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be given a dividend of $0.82 per share. 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%.

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.