Los Angeles Capital Management LLC Has $146.62 Million Stock Holdings in American Express Company $AXP

Los Angeles Capital Management LLC decreased its position in shares of American Express Company (NYSE:AXP) by 13.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 459,658 shares of the payment services company’s stock after selling 69,191 shares during the period. Los Angeles Capital Management LLC owned 0.07% of American Express worth $146,622,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AXP. Access Investment Management LLC acquired a new position in American Express in the second quarter worth approximately $26,000. Briaud Financial Planning Inc bought a new stake in American Express in the second quarter worth approximately $26,000. Chung Wu Investment Group LLC acquired a new position in shares of American Express during the 2nd quarter worth $37,000. Solstein Capital LLC bought a new position in shares of American Express during the 2nd quarter valued at $39,000. Finally, Hughes Financial Services LLC acquired a new stake in shares of American Express in the 1st quarter valued at $35,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Performance

NYSE:AXP opened at $368.90 on Friday. The firm’s 50-day moving average is $339.73 and its 200-day moving average is $313.93. The company has a market cap of $254.12 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.90 and a beta of 1.27. 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 Company has a 52-week low of $220.43 and a 52-week high of $370.00.

American Express (NYSE:AXP) last released its 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 business had revenue of $18.43 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same period last year, the business earned $3.49 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s dividend payout ratio (DPR) is 22.01%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. DZ Bank raised American Express from a “sell” rating to a “hold” rating and set a $340.00 price target for the company in a research report on Tuesday, October 21st. Morgan Stanley boosted their target price on American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Deutsche Bank Aktiengesellschaft increased their price target on American Express from $371.00 to $375.00 and gave the company a “buy” rating in a report on Monday, July 21st. Wells Fargo & Company boosted their price objective on shares of American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Barclays raised their target price on shares of American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $332.65.

Insider Activity

In other news, CEO Stephen J. Squeri sold 112,272 shares of the 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 transaction, the chief executive officer owned 92,810 shares in the company, valued at approximately $30,614,306.60. This represents a 54.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Elizabeth Rutledge sold 50,000 shares of American Express stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the sale, the chief marketing officer owned 85,577 shares in the company, valued at approximately $30,825,691.17. This trade represents a 36.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 193,292 shares of company stock valued at $65,363,878. 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.