United Asset Strategies Inc. Sells 338 Shares of American Express Company $AXP

United Asset Strategies Inc. cut its stake in shares of American Express Company (NYSE:AXP) by 8.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,797 shares of the payment services company’s stock after selling 338 shares during the period. United Asset Strategies Inc.’s holdings in American Express were worth $1,211,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in American Express during the first quarter worth about $509,000. Mackenzie Financial Corp boosted its position in American Express by 6.6% during the 1st quarter. Mackenzie Financial Corp now owns 60,634 shares of the payment services company’s stock valued at $16,314,000 after buying an additional 3,776 shares during the period. Nordea Investment Management AB grew its stake in shares of American Express by 2.2% in the second quarter. Nordea Investment Management AB now owns 2,267,377 shares of the payment services company’s stock worth $721,525,000 after purchasing an additional 49,593 shares during the last quarter. Dempze Nancy E increased its stake in shares of American Express by 210.2% during the second quarter. Dempze Nancy E now owns 3,459 shares of the payment services company’s stock valued at $1,103,000 after buying an additional 2,344 shares during the period. Finally, Reliant Investment Management LLC increased its position in American Express by 1.9% during the 2nd quarter. Reliant Investment Management LLC now owns 26,189 shares of the payment services company’s stock valued at $8,354,000 after purchasing an additional 480 shares during the period. 84.33% of the stock is currently owned by institutional investors.

American Express Price Performance

NYSE AXP opened at $372.49 on Thursday. The stock has a market cap of $256.59 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 1.90 and a beta of 1.27. American Express Company has a 12 month low of $220.43 and a 12 month high of $377.23. The company’s 50 day moving average is $342.22 and its two-hundred day moving average is $316.58. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $18.03 billion. During the same period last year, the firm posted $3.49 EPS. The company’s revenue was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, research analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, October 10th. American Express’s dividend payout ratio (DPR) is presently 22.01%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AXP shares. BTIG Research increased their target price on American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research report on Friday, October 17th. DZ Bank raised 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, October 21st. Evercore ISI raised their price target on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Weiss Ratings cut American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 7th. Finally, Truist Financial increased their target price on American Express from $375.00 to $395.00 and gave the company a “buy” rating in a report on Monday, October 20th. Eight research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, American Express currently has a consensus rating of “Hold” and an average target price of $332.65.

Insider Transactions at American Express

In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of the business’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 transaction of $37,034,041.92. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Denise Pickett sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total value of $1,753,650.00. Following the transaction, the insider directly owned 7,726 shares in the company, valued at approximately $2,709,739.98. This represents a 39.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 193,292 shares of company stock worth $65,363,878. 0.20% of the stock is currently owned by corporate insiders.

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.