American Express Company $AXP Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in American Express Company (NYSE:AXP) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,477,330 shares of the payment services company’s stock after purchasing an additional 86,705 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of American Express worth $471,239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AXP. Briaud Financial Planning Inc acquired a new stake in shares of American Express during the second quarter worth about $26,000. Access Investment Management LLC acquired a new stake in shares of American Express in the 2nd quarter valued at about $26,000. Hughes Financial Services LLC purchased a new position in American Express during the 1st quarter worth approximately $35,000. 1 North Wealth Services LLC purchased a new position in American Express during the 1st quarter worth approximately $37,000. Finally, Chung Wu Investment Group LLC purchased a new stake in American Express in the second quarter valued at approximately $37,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

Shares of NYSE:AXP opened at $368.90 on Friday. American Express Company has a one year low of $220.43 and a one year high of $370.00. The stock has a market cap of $254.12 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. The business’s fifty day moving average price is $339.73 and its two-hundred day moving average price is $313.93. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping the consensus estimate 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 return on equity of 33.41% and a net margin of 14.97%.The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s payout ratio is currently 22.01%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. BTIG Research upped their price target on shares of American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research report on Friday, October 17th. HSBC set a $295.00 target price on shares of American Express and gave the company a “hold” rating in a report on Friday, October 10th. Keefe, Bruyette & Woods boosted their price target on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Wall Street Zen raised American Express from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $332.65.

Insider Buying and Selling

In related news, insider Douglas Tabish sold 2,515 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total transaction of $894,359.15. Following the sale, the insider directly owned 2,515 shares of the company’s stock, valued at approximately $894,359.15. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the completion of the transaction, the insider directly owned 123,613 shares of the company’s stock, valued at $40,343,574.81. This trade represents a 15.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 193,292 shares of company stock worth $65,363,878 over the last 90 days. 0.20% of the stock is currently owned by corporate 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.