Lionshead Wealth Management LLC Invests $206,000 in American Express Company $AXP

Lionshead Wealth Management LLC bought a new position in shares of American Express Company (NYSE:AXP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 645 shares of the payment services company’s stock, valued at approximately $206,000.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in American Express during the first quarter worth approximately $509,000. Nordea Investment Management AB grew its position in shares of American Express by 2.2% during the second quarter. Nordea Investment Management AB now owns 2,267,377 shares of the payment services company’s stock worth $721,525,000 after acquiring an additional 49,593 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of American Express by 6.6% in the 1st quarter. Mackenzie Financial Corp now owns 60,634 shares of the payment services company’s stock valued at $16,314,000 after acquiring an additional 3,776 shares during the period. Dempze Nancy E raised its position in American Express by 210.2% in the 2nd quarter. Dempze Nancy E now owns 3,459 shares of the payment services company’s stock valued at $1,103,000 after purchasing an additional 2,344 shares during the last quarter. Finally, Reliant Investment Management LLC boosted its stake in American Express by 1.9% during the 2nd quarter. Reliant Investment Management LLC now owns 26,189 shares of the payment services company’s stock worth $8,354,000 after purchasing an additional 480 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insiders Place Their Bets

In other news, insider Douglas Tabish sold 2,515 shares of American Express stock in a transaction 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 completion of the transaction, the insider owned 2,515 shares of the company’s stock, valued at $894,359.15. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Denise Pickett sold 5,000 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the completion of the sale, the insider directly owned 7,726 shares in the company, valued at approximately $2,709,739.98. The trade was a 39.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 193,292 shares of company stock valued at $65,363,878. Company insiders own 0.20% of the company’s stock.

American Express Stock Performance

Shares of AXP opened at $344.77 on Thursday. The company has a market capitalization of $237.50 billion, a PE ratio of 23.14, a P/E/G ratio of 1.90 and a beta of 1.27. American Express Company has a 52-week low of $220.43 and a 52-week high of $377.23. The company has a 50-day simple moving average of $344.58 and a 200-day simple moving average of $319.40. 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 issued its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. The company had revenue of $17.14 billion during the quarter, compared to analysts’ expectations of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities research analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were issued a $0.82 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 1.0%. American Express’s dividend payout ratio is 22.01%.

Analysts Set New Price Targets

AXP has been the subject of several recent research reports. Morgan Stanley increased their target price on shares of American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. lifted their target price on American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Evercore ISI increased their price target on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. Keefe, Bruyette & Woods boosted their price objective on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, Wall Street Zen downgraded shares of American Express from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $332.65.

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.