American Express Company $AXP Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC decreased its holdings in shares of American Express Company (NYSE:AXP) by 9.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,968 shares of the payment services company’s stock after selling 1,092 shares during the quarter. American Express comprises about 0.6% of Personal CFO Solutions LLC’s investment portfolio, making the stock its 29th biggest position. Personal CFO Solutions LLC’s holdings in American Express were worth $3,180,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Access Investment Management LLC purchased a new position in American Express during the second quarter worth about $26,000. Briaud Financial Planning Inc acquired a new position in shares of American Express during the 2nd quarter valued at about $26,000. Chung Wu Investment Group LLC purchased a new position in shares of American Express during the 2nd quarter worth about $37,000. Solstein Capital LLC purchased a new position in shares of American Express during the 2nd quarter worth about $39,000. Finally, Proffitt & Goodson Inc. acquired a new stake in shares of American Express in the second quarter worth approximately $41,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

AXP has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. JPMorgan Chase & Co. boosted their price objective on shares of American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Wells Fargo & Company upped their price objective on American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. UBS Group lifted their target price on American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a research report on Wednesday. Eight research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, American Express presently has a consensus rating of “Hold” and an average target price of $332.65.

Insider Buying and Selling at American Express

In related news, insider Douglas Tabish sold 2,515 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 2,515 shares of the company’s stock, valued at approximately $894,359.15. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen J. Squeri sold 112,272 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 193,292 shares of company stock worth $65,363,878. Insiders own 0.20% of the company’s stock.

American Express Stock Performance

Shares of AXP stock opened at $343.69 on Friday. 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 company has a market cap of $236.75 billion, a PE ratio of 23.07, a P/E/G ratio of 1.90 and a beta of 1.27. The company’s fifty day simple moving average is $344.86 and its 200-day simple moving average is $319.57. American Express Company has a 52 week low of $220.43 and a 52 week high of $377.23.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating 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 prior year, the firm earned $3.49 EPS. The firm’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. As a group, equities research analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors 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 was Friday, October 10th. American Express’s dividend payout ratio (DPR) is presently 22.01%.

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.