Seizert Capital Partners LLC Cuts Stock Position in American Express Company $AXP

Seizert Capital Partners LLC trimmed its holdings in shares of American Express Company (NYSE:AXP) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,248 shares of the payment services company’s stock after selling 932 shares during the period. Seizert Capital Partners LLC’s holdings in American Express were worth $7,416,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alteri Wealth LLC raised its position in American Express by 13.8% in the second quarter. Alteri Wealth LLC now owns 1,785 shares of the payment services company’s stock worth $569,000 after acquiring an additional 217 shares during the period. FineMark National Bank & Trust increased its stake in shares of American Express by 6.0% during the 2nd quarter. FineMark National Bank & Trust now owns 8,848 shares of the payment services company’s stock worth $2,822,000 after purchasing an additional 504 shares during the last quarter. Stonebrook Private Inc. raised its holdings in shares of American Express by 1.3% in the 2nd quarter. Stonebrook Private Inc. now owns 5,638 shares of the payment services company’s stock worth $1,798,000 after purchasing an additional 70 shares during the period. Aspen Investment Management Inc raised its holdings in shares of American Express by 11.9% in the 2nd quarter. Aspen Investment Management Inc now owns 3,678 shares of the payment services company’s stock worth $1,173,000 after purchasing an additional 392 shares during the period. Finally, Perennial Investment Advisors LLC lifted its stake in American Express by 3.9% in the second quarter. Perennial Investment Advisors LLC now owns 2,159 shares of the payment services company’s stock valued at $689,000 after purchasing an additional 81 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on AXP shares. BTIG Research boosted their target price on American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research note on Friday, October 17th. UBS Group upped their price objective on shares of American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. HSBC set a $295.00 target price on shares of American Express and gave the stock a “hold” rating in a research report on Friday, October 10th. Truist Financial upped their price target on shares of American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Eight investment 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 MarketBeat.com, American Express presently has an average rating of “Hold” and an average price target of $332.65.

American Express Trading Down 0.2%

Shares of American Express stock opened at $340.63 on Wednesday. The company’s 50-day moving average price is $344.15 and its 200-day moving average price is $319.23. 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 Company has a 12-month low of $220.43 and a 12-month high of $377.23. The company has a market cap of $234.64 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 1.90 and a beta of 1.27.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, beating 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 $17.14 billion during the quarter, compared to analysts’ expectations of $18.03 billion. During the same quarter in the previous year, the company earned $3.49 earnings per share. 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. On average, equities analysts expect that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, October 10th. American Express’s dividend payout ratio (DPR) is 22.01%.

Insider Buying and Selling

In related news, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction 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 completion of the sale, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas Tabish sold 2,515 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the transaction, the insider owned 2,515 shares in the company, valued at $894,359.15. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 193,292 shares of company stock valued at $65,363,878 in the last ninety days. 0.20% of the stock is owned by 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.