Cullen Frost Bankers Inc. Has $43.52 Million Stock Position in American Express Company $AXP

Cullen Frost Bankers Inc. increased its position in shares of American Express Company (NYSE:AXP) by 0.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,429 shares of the payment services company’s stock after purchasing an additional 61 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in American Express were worth $43,518,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in American Express in the 1st quarter valued at about $29,000. Hughes Financial Services LLC acquired a new stake in American Express in the 1st quarter valued at about $35,000. 1 North Wealth Services LLC acquired a new stake in American Express in the 1st quarter valued at about $37,000. Chung Wu Investment Group LLC acquired a new stake in American Express in the 2nd quarter valued at about $37,000. Finally, Abound Financial LLC acquired a new stake in American Express in the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Up 1.8%

American Express stock opened at $355.76 on Wednesday. The company’s 50 day simple moving average is $327.75 and its 200 day simple moving average is $303.83. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $356.67. The firm has a market capitalization of $245.06 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 1.85 and a beta of 1.29. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.69.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business had revenue of $18.43 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same quarter last year, the firm earned $3.49 EPS. American Express’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, sell-side analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s dividend payout ratio (DPR) is presently 22.01%.

Insider Transactions at American Express

In other American Express news, insider Laureen Seeger sold 61,721 shares of American Express stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $297.47, for a total value of $18,360,145.87. Following the transaction, the insider owned 9,001 shares of the company’s stock, valued at approximately $2,677,527.47. The trade was a 87.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Stephen J. Squeri sold 112,272 shares of American Express 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 in the company, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 269,996 shares of company stock valued at $85,261,270. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. UBS Group lifted their price target on shares of American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price target for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Evercore ISI lifted their price target on shares of 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 lifted their price target on shares of American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus 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.