Mirabaud Asset Management Ltd Purchases 5,506 Shares of American Express Company $AXP

Mirabaud Asset Management Ltd grew its holdings in shares of American Express Company (NYSE:AXP) by 25.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,364 shares of the payment services company’s stock after acquiring an additional 5,506 shares during the period. American Express accounts for approximately 4.0% of Mirabaud Asset Management Ltd’s investment portfolio, making the stock its 11th biggest holding. Mirabaud Asset Management Ltd’s holdings in American Express were worth $8,680,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of American Express by 24.4% during the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after buying an additional 1,273 shares during the period. Cerity Partners LLC lifted its position in shares of American Express by 16.4% during the 1st quarter. Cerity Partners LLC now owns 177,648 shares of the payment services company’s stock valued at $47,796,000 after acquiring an additional 24,966 shares during the period. Diversify Wealth Management LLC boosted its stake in American Express by 2.5% during the first quarter. Diversify Wealth Management LLC now owns 11,350 shares of the payment services company’s stock worth $3,031,000 after acquiring an additional 277 shares in the last quarter. Kathmere Capital Management LLC grew its holdings in American Express by 5.3% in the first quarter. Kathmere Capital Management LLC now owns 1,886 shares of the payment services company’s stock worth $507,000 after purchasing an additional 95 shares during the period. Finally, Realta Investment Advisors increased its stake in American Express by 5.5% in the first quarter. Realta Investment Advisors now owns 3,907 shares of the payment services company’s stock valued at $1,051,000 after purchasing an additional 202 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

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 $314.36. 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 quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.16. The business 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%.American Express’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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 announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders 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 annualized dividend and a dividend yield of 0.9%. American Express’s dividend payout ratio is presently 22.01%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AXP. Wells Fargo & Company increased their price objective on shares of American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Evercore ISI upped their price target on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Keefe, Bruyette & Woods raised their price objective on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Morgan Stanley boosted their price objective on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Finally, Weiss Ratings cut American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Eight research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $332.65.

Insider Buying and Selling

In related news, insider Denise Pickett sold 5,000 shares of the firm’s stock in a transaction dated 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 trade represents a 39.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas Tabish sold 2,515 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total transaction of $894,359.15. Following the completion of the sale, the insider directly owned 2,515 shares of the company’s stock, valued at $894,359.15. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 193,292 shares of company stock valued at $65,363,878 over the last 90 days. 0.20% of the stock is currently 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.