American Express Company $AXP Shares Acquired by GDS Wealth Management

GDS Wealth Management lifted its holdings in American Express Company (NYSE:AXP) by 3.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,594 shares of the payment services company’s stock after purchasing an additional 1,973 shares during the period. American Express makes up 1.5% of GDS Wealth Management’s holdings, making the stock its 20th biggest holding. GDS Wealth Management’s holdings in American Express were worth $21,242,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc acquired a new position in shares of American Express in the second quarter worth $26,000. Access Investment Management LLC purchased a new position in American Express in the second quarter valued at $26,000. 1 North Wealth Services LLC acquired a new position in American Express during the 1st quarter worth $37,000. Chung Wu Investment Group LLC acquired a new stake in American Express in the 2nd quarter valued at about $37,000. Finally, Solstein Capital LLC purchased a new position in shares of American Express in the 2nd quarter valued at about $39,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Express

In other American Express news, insider Douglas Tabish sold 2,515 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total transaction of $894,359.15. Following the sale, the insider directly owned 2,515 shares of the company’s stock, valued at $894,359.15. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the completion of the transaction, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. This represents a 54.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 193,292 shares of company stock valued at $65,363,878. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AXP. UBS Group raised their target price on shares of American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. raised their price objective on shares of American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Wall Street Zen downgraded shares of American Express from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Keefe, Bruyette & Woods raised their price target on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, Compass Point reissued a “neutral” rating and set a $324.00 price target on shares of American Express in a report on Monday, October 20th. Eight investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $332.65.

American Express Stock Up 1.2%

AXP opened at $344.77 on Thursday. American Express Company has a one year low of $220.43 and a one year high of $377.23. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. The business’s fifty day moving average is $344.58 and its two-hundred day moving average is $319.40. The company has a market cap of $237.50 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 1.90 and a beta of 1.27.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.16. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm had revenue of $17.14 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same period in the previous year, the firm posted $3.49 EPS. The company’s quarterly 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. Analysts anticipate that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. 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.