Sage Mountain Advisors LLC Has $1.61 Million Position in American Express Company $AXP

Sage Mountain Advisors LLC lifted its position in shares of American Express Company (NYSE:AXP) by 15.3% during the second quarter, Holdings Channel.com reports. The firm owned 5,047 shares of the payment services company’s stock after buying an additional 670 shares during the quarter. Sage Mountain Advisors LLC’s holdings in American Express were worth $1,610,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of AXP. Capital Asset Advisory Services LLC boosted its stake in shares of American Express by 2.8% in the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock valued at $384,000 after purchasing an additional 32 shares during the period. DLK Investment Management LLC raised its holdings in American Express by 3.8% in the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after buying an additional 32 shares during the period. Financial Engines Advisors L.L.C. grew its position in shares of 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 buying an additional 35 shares in the last quarter. Modern Wealth Management LLC lifted its stake in American Express by 0.7% in the first quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock valued at $1,324,000 after buying an additional 35 shares during the last quarter. Finally, Greenfield Savings Bank grew its holdings 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 acquiring an additional 35 shares during the period. 84.33% of the stock is owned by institutional investors.

American Express Trading Up 0.7%

NYSE AXP opened at $357.29 on Friday. American Express Company has a 52 week low of $220.43 and a 52 week high of $362.32. The stock has a market capitalization of $246.12 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.84 and a beta of 1.29. The company has a quick ratio of 1.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The firm has a 50 day moving average of $330.62 and a two-hundred day moving average of $305.87.

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, topping analysts’ consensus estimates of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same period in the previous year, the firm posted $3.49 earnings per share. The company’s quarterly revenue 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. As a group, research analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The firm 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. The ex-dividend date 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 is currently 22.01%.

Insider Activity

In related news, insider Laureen Seeger sold 16,998 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $294.83, for a total value of $5,011,520.34. Following the completion of the transaction, the insider directly owned 9,001 shares of the company’s stock, valued at $2,653,764.83. This trade represents a 65.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express 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 completion of the sale, the insider owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. The trade was a 15.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 277,511 shares of company stock valued at $87,909,279. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. DZ Bank upgraded American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective on the stock in a research report on Tuesday. Keefe, Bruyette & Woods upped their target price on American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. BTIG Research increased their price objective on American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American Express in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $332.65.

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.