First Dallas Securities Inc. Sells 289 Shares of American Express Company $AXP

First Dallas Securities Inc. reduced its holdings in American Express Company (NYSE:AXP) by 5.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,873 shares of the payment services company’s stock after selling 289 shares during the quarter. First Dallas Securities Inc.’s holdings in American Express were worth $1,554,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc bought a new stake in shares of American Express in the 2nd quarter valued at $26,000. Access Investment Management LLC bought a new position in American Express during the second quarter worth $26,000. Hughes Financial Services LLC acquired a new stake in American Express in the first quarter worth $35,000. 1 North Wealth Services LLC acquired a new stake in American Express in the first quarter worth $37,000. Finally, Chung Wu Investment Group LLC bought a new stake in American Express in the second quarter valued at $37,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Price Performance

AXP opened at $368.90 on Monday. The firm has a 50-day moving average price of $339.73 and a 200-day moving average price of $314.74. American Express Company has a twelve month low of $220.43 and a twelve month high of $370.00. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $254.12 billion, a price-to-earnings ratio of 24.76, a PEG 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, 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 company had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same period last year, the firm earned $3.49 EPS. American Express’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. Equities analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be given a $0.82 dividend. The ex-dividend date is Friday, October 10th. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. American Express’s payout ratio is 22.01%.

Insider Activity at American Express

In related news, insider Douglas Tabish sold 2,515 shares of the stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total transaction of $894,359.15. Following the sale, the insider owned 2,515 shares of the company’s stock, valued at approximately $894,359.15. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the transaction, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at $30,614,306.60. The trade was a 54.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 193,292 shares of company stock worth $65,363,878 in the last 90 days. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

AXP has been the topic of a number of research analyst reports. BTIG Research increased their price objective on shares of American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research report on Friday, October 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of American Express in a research note on Monday, July 14th. DZ Bank upgraded American Express from a “sell” rating to a “hold” rating and set a $340.00 price target on the stock in a report on Tuesday, October 21st. Truist Financial boosted their price objective on American Express from $375.00 to $395.00 and gave the company a “buy” rating in a report on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Eight research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $332.65.

American Express 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.