Principle Wealth Partners LLC Sells 190 Shares of American Express Company $AXP

Principle Wealth Partners LLC reduced its position in American Express Company (NYSE:AXP) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,826 shares of the payment services company’s stock after selling 190 shares during the period. Principle Wealth Partners LLC’s holdings in American Express were worth $2,815,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after purchasing an additional 1,273 shares during the last quarter. GAMMA Investing LLC raised its position in shares of American Express by 3.1% in the 1st quarter. GAMMA Investing LLC now owns 8,039 shares of the payment services company’s stock valued at $2,163,000 after purchasing an additional 238 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of American Express in the 1st quarter valued at approximately $638,000. E&G Advisors LP raised its position in shares of American Express by 8.7% in the 1st quarter. E&G Advisors LP now owns 1,251 shares of the payment services company’s stock valued at $337,000 after purchasing an additional 100 shares during the last quarter. Finally, Riverbend Wealth Management LLC raised its position in shares of American Express by 4.1% in the 1st quarter. Riverbend Wealth Management LLC now owns 4,036 shares of the payment services company’s stock valued at $1,086,000 after purchasing an additional 159 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AXP. Citigroup reaffirmed a “neutral” rating and issued a $327.00 price objective (up from $300.00) on shares of American Express in a research report on Wednesday, July 2nd. HSBC set a $295.00 price objective on shares of American Express and gave the company a “hold” rating in a research report on Friday, October 10th. Wells Fargo & Company increased their price objective on shares of American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday. Morgan Stanley raised their price target on shares of American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Finally, Compass Point reissued a “neutral” rating and set a $324.00 price target on shares of American Express in a research report on Monday. Nine investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, American Express has an average rating of “Hold” and an average price target of $332.65.

Insider Buying and Selling at American Express

In other news, insider Anna Marrs sold 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the sale, the insider owned 20,311 shares of the company’s stock, valued at $6,312,049.47. This trade represents a 21.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen J. Squeri sold 112,272 shares of the firm’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 in the company, valued at $30,614,306.60. The trade was a 54.74% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 269,996 shares of company stock worth $85,261,270. 0.20% of the stock is currently owned by insiders.

American Express Stock Performance

AXP opened at $351.68 on Thursday. American Express Company has a 12-month low of $220.43 and a 12-month high of $357.73. The company has a current ratio of 1.61, a quick ratio of 1.69 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $242.25 billion, a PE ratio of 23.60, a P/E/G ratio of 1.84 and a beta of 1.29. The firm has a 50 day moving average of $328.64 and a two-hundred day moving average of $304.16.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. The company had revenue of $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. American Express’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be paid 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 dividend yield of 0.9%. American Express’s dividend payout ratio (DPR) is presently 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.