Wealthstream Advisors Inc. Buys New Position in American Express Company $AXP

Wealthstream Advisors Inc. purchased a new position in American Express Company (NYSE:AXP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 818 shares of the payment services company’s stock, valued at approximately $261,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in American Express by 1.3% in the first quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock worth $12,334,299,000 after acquiring an additional 605,900 shares in the last quarter. Wellington Management Group LLP boosted its holdings in American Express by 13.7% in the first quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock worth $4,849,777,000 after acquiring an additional 2,168,445 shares in the last quarter. Nuveen LLC bought a new position in American Express in the first quarter worth approximately $1,454,667,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in American Express by 1.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,093,807 shares of the payment services company’s stock worth $1,370,489,000 after acquiring an additional 78,538 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in American Express by 25.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company’s stock worth $1,278,711,000 after acquiring an additional 965,221 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP opened at $346.45 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $241.09 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.82 and a beta of 1.29. The stock has a 50 day moving average of $325.64 and a 200 day moving average of $302.28. American Express Company has a 12 month low of $220.43 and a 12 month high of $349.19.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. The company had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. American Express had a return on equity of 32.87% and a net margin of 14.78%.American Express’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, sell-side analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

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

Insider Activity at American Express

In other American Express news, insider Anna Marrs sold 5,500 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total value of $1,709,235.00. Following the completion of the sale, the insider directly owned 20,311 shares of the company’s stock, valued at $6,312,049.47. This trade represents a 21.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider directly owned 123,613 shares of the company’s stock, valued at $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 269,996 shares of company stock valued at $85,261,270 in the last ninety days. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

AXP has been the topic of several recent research reports. DZ Bank lowered American Express from a “hold” rating to a “sell” rating in a report on Monday, July 21st. Wells Fargo & Company raised their target price on American Express from $350.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Evercore ISI raised their target price on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Royal Bank Of Canada restated an “outperform” rating on shares of American Express in a report on Monday, July 14th. Finally, HSBC set a $295.00 target price on American Express and gave the company a “hold” rating in a report on Friday, October 10th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus price target of $323.60.

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.