Mutual of America Capital Management LLC Has $20.25 Million Holdings in American Express Company $AXP

Mutual of America Capital Management LLC decreased its holdings in American Express Company (NYSE:AXP) by 1.7% during the second quarter, Holdings Channel.com reports. The firm owned 63,473 shares of the payment services company’s stock after selling 1,071 shares during the period. Mutual of America Capital Management LLC’s holdings in American Express were worth $20,247,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Quotient Wealth Partners LLC grew its position in American Express by 24.0% during the second quarter. Quotient Wealth Partners LLC now owns 2,952 shares of the payment services company’s stock valued at $942,000 after purchasing an additional 572 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of American Express by 1.6% during the 2nd quarter. Koshinski Asset Management Inc. now owns 4,508 shares of the payment services company’s stock valued at $1,438,000 after buying an additional 70 shares during the period. Kondo Wealth Advisors Inc. acquired a new stake in shares of American Express during the 2nd quarter valued at $207,000. Huntleigh Advisors Inc. grew its holdings in shares of American Express by 2.0% during the 2nd quarter. Huntleigh Advisors Inc. now owns 6,740 shares of the payment services company’s stock valued at $2,150,000 after acquiring an additional 135 shares in the last quarter. Finally, Kanawha Capital Management LLC increased its stake in shares of American Express by 1.9% in the second quarter. Kanawha Capital Management LLC now owns 16,331 shares of the payment services company’s stock worth $5,209,000 after acquiring an additional 299 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AXP shares. Barclays lifted their price objective on American Express from $297.00 to $336.00 and gave the company a “cautious” rating in a research report on Monday, October 6th. BTIG Research reiterated a “sell” rating on shares of American Express in a report on Friday. Keefe, Bruyette & Woods increased their price objective on American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus price target of $323.60.

American Express Stock Up 7.2%

AXP opened at $346.45 on Friday. The firm has a market cap of $241.09 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 1.82 and a beta of 1.29. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61. The business has a 50 day moving average price of $325.64 and a 200 day moving average price of $302.28. American Express Company has a twelve month low of $220.43 and a twelve month high of $349.19.

American Express (NYSE:AXP) last announced its quarterly earnings results 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 return on equity of 32.87% and a net margin of 14.78%.The company had revenue of $18.43 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same quarter last year, the company posted $3.49 earnings per share. The company’s revenue for the quarter 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. Research analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. American Express’s payout ratio is currently 23.02%.

Insider Activity at American Express

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total value of $7,671,326.85. Following the sale, the insider directly owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Glenda G. Mcneal sold 50,000 shares of American Express stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total value of $15,475,000.00. Following the completion of the transaction, the insider owned 10,957 shares in the company, valued at $3,391,191.50. The trade was a 82.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 269,996 shares of company stock valued at $85,261,270. 0.20% of the stock is 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.