Davis Selected Advisers Has $86.28 Million Stock Holdings in American Express Company $AXP

Davis Selected Advisers decreased its stake in American Express Company (NYSE:AXP) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,500 shares of the payment services company’s stock after selling 935 shares during the period. Davis Selected Advisers’ holdings in American Express were worth $86,284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC boosted its holdings 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 valued at $1,924,000 after acquiring an additional 1,273 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of American Express by 27.5% during the first quarter. Larson Financial Group LLC now owns 4,234 shares of the payment services company’s stock valued at $1,139,000 after purchasing an additional 914 shares in the last quarter. Allen Capital Group LLC bought a new stake in shares of American Express during the first quarter worth about $203,000. Dynasty Wealth Management LLC boosted its position in American Express by 1.7% during the 1st quarter. Dynasty Wealth Management LLC now owns 6,942 shares of the payment services company’s stock worth $1,868,000 after buying an additional 113 shares during the period. Finally, Woodward Diversified Capital LLC grew its holdings in American Express by 8.4% during the 1st quarter. Woodward Diversified Capital LLC now owns 809 shares of the payment services company’s stock worth $218,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on AXP shares. UBS Group upped their price target on shares of American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. HSBC set a $295.00 price objective on American Express and gave the company a “hold” rating in a report on Friday, October 10th. JPMorgan Chase & Co. lifted their target price on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Morgan Stanley upped their price target on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Finally, Barclays raised their price objective on American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $332.65.

Insider Activity

In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the completion of the sale, the chief executive officer owned 92,810 shares in the company, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction, the insider owned 123,613 shares of the company’s stock, valued at $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 193,292 shares of company stock valued at $65,363,878. Corporate insiders own 0.20% of the company’s stock.

American Express Price Performance

Shares of AXP opened at $364.26 on Friday. The firm has a market cap of $250.92 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. American Express Company has a 52-week low of $220.43 and a 52-week high of $377.23. The business’s 50 day moving average price is $342.89 and its two-hundred day moving average price is $316.91. 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 posted its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.16. The firm had revenue of $17.14 billion during the quarter, compared to the consensus estimate of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous 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, equities analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

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

American Express Company 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.