Amplius Wealth Advisors LLC Acquires 46 Shares of American Express Company $AXP

Amplius Wealth Advisors LLC boosted its holdings in shares of American Express Company (NYSE:AXP) by 2.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,676 shares of the payment services company’s stock after purchasing an additional 46 shares during the period. Amplius Wealth Advisors LLC’s holdings in American Express were worth $535,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Capital Asset Advisory Services LLC lifted its stake in shares of American Express by 2.8% in the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock valued at $384,000 after acquiring an additional 32 shares during the last quarter. DLK Investment Management LLC lifted its stake in shares of American Express by 3.8% in the 2nd quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after acquiring an additional 32 shares during the last quarter. Financial Engines Advisors L.L.C. lifted its stake in shares of American Express by 4.7% in the 1st quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock valued at $208,000 after acquiring an additional 35 shares during the last quarter. Modern Wealth Management LLC lifted its stake in shares of American Express by 0.7% in the 1st quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock valued at $1,324,000 after acquiring an additional 35 shares during the last quarter. Finally, Greenfield Savings Bank lifted its stake in shares of American Express by 0.3% in the 2nd quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock valued at $4,184,000 after acquiring an additional 35 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Performance

NYSE AXP opened at $358.73 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The stock has a fifty day simple moving average of $334.81 and a 200 day simple moving average of $309.27. American Express Company has a twelve month low of $220.43 and a twelve month high of $365.75. The company has a market capitalization of $247.11 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 1.90 and a beta of 1.29.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping 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 firm had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same period last year, the business posted $3.49 EPS. The business’s 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. Sell-side analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, October 10th. American Express’s dividend payout ratio (DPR) is presently 22.01%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AXP. HSBC set a $295.00 price target on American Express and gave the company a “hold” rating in a research note on Friday, October 10th. Wells Fargo & Company increased their price target on American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. increased their price target on American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Truist Financial increased their price objective on American Express from $375.00 to $395.00 and gave the company a “buy” rating in a report on Monday, October 20th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of American Express in a report on Monday, July 14th. Nine equities 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 stock. According to MarketBeat.com, American Express has an average rating of “Hold” and an average target price of $332.65.

Insider Activity

In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 92,810 shares in the company, valued at approximately $30,614,306.60. This trade represents a 54.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Denise Pickett sold 5,000 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total value of $1,753,650.00. Following the sale, the insider owned 7,726 shares of the company’s stock, valued at approximately $2,709,739.98. The trade was a 39.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 222,011 shares of company stock worth $70,725,044. 0.20% of the stock is owned by insiders.

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.