Mission Wealth Management LP Purchases 139 Shares of American Express Company $AXP

Mission Wealth Management LP grew its position in shares of American Express Company (NYSE:AXP) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,315 shares of the payment services company’s stock after buying an additional 139 shares during the period. Mission Wealth Management LP’s holdings in American Express were worth $3,290,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AXP. Nuveen LLC bought a new position in American Express during the first quarter worth about $1,454,667,000. Wellington Management Group LLP lifted its stake in shares of American Express by 13.7% during the 1st quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock valued at $4,849,777,000 after buying an additional 2,168,445 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in American Express by 25.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company’s stock worth $1,278,711,000 after buying an additional 965,221 shares during the period. Provident Trust Co. grew its stake in American Express by 136.6% in the 2nd quarter. Provident Trust Co. now owns 1,108,971 shares of the payment services company’s stock valued at $353,740,000 after buying an additional 640,214 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in American Express by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock valued at $12,334,299,000 after acquiring an additional 605,900 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Up 0.5%

Shares of AXP opened at $360.70 on Monday. American Express Company has a 1-year low of $220.43 and a 1-year high of $365.75. The company has a market capitalization of $248.47 billion, a P/E ratio of 24.21, a P/E/G ratio of 1.90 and a beta of 1.29. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. The firm’s 50 day simple moving average is $335.65 and its 200 day simple moving average is $310.77.

American Express (NYSE:AXP) last released its 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. American Express had a return on equity of 33.41% and a net margin of 14.97%.The business had revenue of $18.43 billion for the quarter, compared to analysts’ expectations of $18.03 billion. During the same quarter in the prior year, the firm earned $3.49 earnings per share. The firm’s revenue 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 forecast that American Express Company will post 15.33 earnings per share for the current fiscal 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 given 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%.

Insider Activity

In other news, CEO Stephen J. Squeri sold 112,272 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the sale, the chief executive officer owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. This represents a 54.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the transaction, the insider directly owned 123,613 shares in the company, valued at approximately $40,343,574.81. This represents a 15.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 222,011 shares of company stock valued at $70,725,044. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AXP. Compass Point reaffirmed a “neutral” rating and issued a $324.00 price target on shares of American Express in a report on Monday, October 20th. BTIG Research lifted their target price on American Express from $277.00 to $307.00 and gave the company a “sell” rating in a report on Friday, October 17th. DZ Bank upgraded American Express from a “sell” rating to a “hold” rating and set a $340.00 price target on the stock in a research report on Tuesday, October 21st. Morgan Stanley raised their price objective on shares of American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Nine 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $332.65.

About American Express

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.