Schnieders Capital Management LLC Buys New Position in American Express Company $AXP

Schnieders Capital Management LLC bought a new position in shares of American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,343 shares of the payment services company’s stock, valued at approximately $428,000.

Several other large investors have also added to or reduced their stakes in the business. Capital Asset Advisory Services LLC grew its stake in American Express by 2.8% during the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock worth $384,000 after purchasing an additional 32 shares during the period. DLK Investment Management LLC grew its stake in American Express by 3.8% during the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock worth $277,000 after purchasing an additional 32 shares during the period. Financial Engines Advisors L.L.C. grew its stake in American Express by 4.7% during the first quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock worth $208,000 after purchasing an additional 35 shares during the period. Modern Wealth Management LLC grew its stake in American Express by 0.7% during the first quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock worth $1,324,000 after purchasing an additional 35 shares during the period. Finally, Greenfield Savings Bank grew its stake in American Express by 0.3% during the second quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock worth $4,184,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

AXP has been the subject of several recent analyst reports. DZ Bank cut American Express from a “hold” rating to a “sell” rating in a research note on Monday, July 21st. Monness Crespi & Hardt cut American Express from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. HSBC set a $295.00 price objective on American Express and gave the company a “hold” rating in a research note on Friday, October 10th. Citigroup reissued a “neutral” rating and issued a $327.00 price objective (up previously from $300.00) on shares of American Express in a research note on Wednesday, July 2nd. Finally, Truist Financial raised their price objective on American Express from $348.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, American Express presently has a consensus rating of “Hold” and a consensus price target of $323.60.

Insider Buying and Selling

In related news, insider Laureen Seeger sold 61,721 shares of American Express stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $297.47, for a total transaction of $18,360,145.87. Following the sale, the insider directly owned 9,001 shares in the company, valued at approximately $2,677,527.47. This trade represents a 87.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $37,034,041.92. Following the sale, the chief executive officer owned 92,810 shares in the company, valued at $30,614,306.60. This trade represents a 54.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 269,996 shares of company stock valued at $85,261,270. 0.20% of the stock is currently owned by company insiders.

American Express Stock Up 7.2%

AXP stock opened at $346.45 on Monday. American Express Company has a twelve month low of $220.43 and a twelve month high of $349.19. The company has a quick ratio of 1.69, a current ratio of 1.71 and a debt-to-equity ratio of 1.78. The stock’s 50 day moving average is $325.64 and its 200-day moving average is $302.66. The firm has a market capitalization of $241.09 billion, a PE ratio of 23.25, a P/E/G ratio of 1.81 and a beta of 1.29.

American Express (NYSE:AXP) last posted its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. American Express had a return on equity of 33.41% and a net margin of 14.97%.The company had revenue of $18.43 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same quarter last year, the company earned $3.49 earnings per share. The company’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. Sell-side analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be issued 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 is Friday, October 10th. American Express’s dividend payout ratio (DPR) is currently 22.01%.

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.