Prudential PLC Increases Stock Position in American Express Company $AXP

Prudential PLC lifted its holdings in American Express Company (NYSE:AXP) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,271 shares of the payment services company’s stock after buying an additional 572 shares during the quarter. Prudential PLC’s holdings in American Express were worth $24,967,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC bought a new stake in American Express during the first quarter worth about $1,454,667,000. Wellington Management Group LLP lifted its holdings in shares of American Express by 13.7% during the first quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock valued at $4,849,777,000 after purchasing an additional 2,168,445 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of American Express by 11.1% during the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock valued at $4,282,984,000 after purchasing an additional 1,349,746 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of American Express by 25.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company’s stock worth $1,278,711,000 after purchasing an additional 965,221 shares in the last quarter. Finally, Provident Trust Co. grew its stake in shares of American Express by 136.6% in the 2nd quarter. Provident Trust Co. now owns 1,108,971 shares of the payment services company’s stock worth $353,740,000 after buying an additional 640,214 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

Insider Activity at American Express

In related news, insider Douglas Tabish sold 2,515 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total value of $894,359.15. Following the sale, the insider owned 2,515 shares in the company, valued at approximately $894,359.15. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Denise Pickett sold 5,000 shares of American Express stock in a transaction that occurred on Wednesday, October 22nd. The stock was 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 of the company’s stock, valued at approximately $2,709,739.98. This trade represents a 39.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 193,292 shares of company stock valued at $65,363,878 over the last quarter. 0.20% of the stock is owned by company insiders.

American Express Trading Up 1.2%

Shares of NYSE:AXP opened at $344.77 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. American Express Company has a 1 year low of $220.43 and a 1 year high of $377.23. The company has a market cap of $237.50 billion, a P/E ratio of 23.14, a PEG ratio of 1.90 and a beta of 1.27. The stock’s fifty day moving average price is $344.58 and its 200-day moving average price is $319.40.

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. The business had revenue of $17.14 billion during 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%.American Express’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Sell-side analysts expect 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 was paid on Monday, November 10th. Stockholders of record on Friday, October 10th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, October 10th. American Express’s payout ratio is presently 22.01%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AXP shares. Truist Financial raised their price objective on American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research report on Monday, October 20th. JPMorgan Chase & Co. increased their target price on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Wells Fargo & Company raised their price target on American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Evercore ISI lifted their price target on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Finally, BTIG Research increased their price objective on shares of American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research report on Friday, October 17th. Eight analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.