Stokes Family Office LLC Acquires 301 Shares of American Express Company $AXP

Stokes Family Office LLC boosted its holdings in shares of American Express Company (NYSE:AXP) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,605 shares of the payment services company’s stock after acquiring an additional 301 shares during the quarter. Stokes Family Office LLC’s holdings in American Express were worth $1,788,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position 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 worth $12,334,299,000 after purchasing an additional 605,900 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of American Express by 13.7% in 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 during the period. Nuveen LLC bought a new position in shares of American Express during the first quarter worth about $1,454,667,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in American Express by 1.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,093,807 shares of the payment services company’s stock valued at $1,370,489,000 after acquiring an additional 78,538 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in American Express by 25.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company’s stock valued at $1,278,711,000 after purchasing an additional 965,221 shares during the period. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AXP shares. UBS Group upped their price objective on shares of American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Weiss Ratings upgraded American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Monness Crespi & Hardt downgraded American Express from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. Truist Financial raised their target price on American Express from $375.00 to $395.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Finally, Wall Street Zen upgraded shares of American Express from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Nine research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $332.65.

American Express Stock Performance

Shares of American Express stock opened at $368.90 on Friday. American Express Company has a 52 week low of $220.43 and a 52 week high of $370.00. 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 business has a 50 day moving average price of $339.73 and a 200-day moving average price of $313.93. The company 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.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.16. The company had revenue of $18.43 billion for the quarter, compared to analysts’ expectations of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.American Express’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities analysts anticipate that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors 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 dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s dividend payout ratio (DPR) is presently 22.01%.

Insider Buying and Selling at American Express

In other news, insider Douglas Tabish sold 2,515 shares of the business’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 value of $894,359.15. Following the transaction, the insider owned 2,515 shares in the company, valued at $894,359.15. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen J. Squeri sold 112,272 shares of the company’s stock in a transaction that occurred 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 directly owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. This represents a 54.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 193,292 shares of company stock valued at $65,363,878 in the last quarter. 0.20% of the stock is owned by company insiders.

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.