Northwest & Ethical Investments L.P. Grows Position in American Express Company $AXP

Northwest & Ethical Investments L.P. lifted its holdings in American Express Company (NYSE:AXP) by 13.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,118 shares of the payment services company’s stock after buying an additional 2,784 shares during the period. Northwest & Ethical Investments L.P.’s holdings in American Express were worth $7,374,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Briaud Financial Planning Inc purchased a new stake in shares of American Express in the second quarter valued at approximately $26,000. Access Investment Management LLC purchased a new position in American Express during the second quarter worth approximately $26,000. 1 North Wealth Services LLC acquired a new position in American Express during the first quarter worth $37,000. Chung Wu Investment Group LLC purchased a new stake in American Express in the 2nd quarter valued at $37,000. Finally, Solstein Capital LLC acquired a new stake in shares of American Express in the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insiders Place Their Bets

In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. This trade represents a 54.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the completion of the transaction, the insider owned 123,613 shares in the company, valued at approximately $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 193,292 shares of company stock worth $65,363,878. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective for the company in a research report on Tuesday, October 21st. HSBC set a $295.00 price target on shares of American Express and gave the company a “hold” rating in a research note on Friday, October 10th. Wall Street Zen downgraded shares of American Express from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Wells Fargo & Company upped their price objective on American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Weiss Ratings upgraded American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Nine analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $332.65.

American Express Stock Performance

Shares of American Express stock opened at $364.26 on Thursday. The business has a 50-day simple moving average of $347.25 and a 200-day simple moving average of $322.06. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. American Express Company has a one year low of $220.43 and a one year high of $377.23. The company has a market cap of $250.92 billion, a PE ratio of 24.45, a P/E/G ratio of 1.90 and a beta of 1.27.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. American Express had a return on equity of 33.41% and a net margin of 14.97%.The business had revenue of $17.14 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same quarter in the prior year, the business posted $3.49 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, equities research analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Friday, October 10th were given a dividend of $0.82 per share. The ex-dividend date was 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 22.01%.

About American Express

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.