American Express Company $AXP Stock Holdings Lessened by OneAscent Family Office LLC

OneAscent Family Office LLC lessened its stake in shares of American Express Company (NYSE:AXP) by 49.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,387 shares of the payment services company’s stock after selling 1,363 shares during the period. OneAscent Family Office LLC’s holdings in American Express were worth $442,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Nuveen LLC purchased a new position in American Express in the 1st quarter worth about $1,454,667,000. Wellington Management Group LLP lifted its stake in American Express by 13.7% during the first 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 shares of American Express by 25.5% in the first 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. increased its position in shares of American Express by 136.6% in the second quarter. Provident Trust Co. now owns 1,108,971 shares of the payment services company’s stock worth $353,740,000 after acquiring an additional 640,214 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of American Express by 1.3% during the first 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. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

AXP opened at $365.95 on Thursday. The stock has a fifty day moving average price of $338.21 and a 200 day moving average price of $312.69. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. American Express Company has a 1 year low of $220.43 and a 1 year high of $367.82. The stock has a market cap of $252.09 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 1.90 and a beta of 1.29.

American Express (NYSE:AXP) last posted 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. The company had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

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

Insider Activity at American Express

In other American Express news, insider Denise Pickett sold 5,000 shares of the stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the transaction, the insider directly owned 7,726 shares of the company’s stock, valued at $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business’s 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 directly owned 123,613 shares of the company’s stock, valued at $40,343,574.81. This represents a 15.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 193,292 shares of company stock worth $65,363,878 over the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AXP has been the subject of a number of recent analyst reports. Evercore ISI raised their price objective on shares of American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. DZ Bank upgraded American Express from a “sell” rating to a “hold” rating and set a $340.00 target price for the company in a report on Tuesday, October 21st. Monness Crespi & Hardt downgraded American Express from a “buy” rating to a “neutral” rating in a report on Tuesday, July 15th. Morgan Stanley increased their price objective on American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Finally, Weiss Ratings upgraded American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.