Citizens Financial Group Inc. RI Has $20.55 Million Stock Holdings in American Express Company $AXP

Citizens Financial Group Inc. RI grew its stake in shares of American Express Company (NYSE:AXP) by 187.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 64,429 shares of the payment services company’s stock after acquiring an additional 42,009 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in American Express were worth $20,552,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AXP. R Squared Ltd bought a new stake in shares of American Express during the first quarter worth $509,000. Nordea Investment Management AB boosted its holdings in shares of American Express by 2.2% during the 2nd quarter. Nordea Investment Management AB now owns 2,267,377 shares of the payment services company’s stock valued at $721,525,000 after acquiring an additional 49,593 shares in the last quarter. Mackenzie Financial Corp grew its position in American Express by 6.6% during the 1st quarter. Mackenzie Financial Corp now owns 60,634 shares of the payment services company’s stock worth $16,314,000 after acquiring an additional 3,776 shares during the last quarter. Dempze Nancy E increased its holdings in American Express by 210.2% in the 2nd quarter. Dempze Nancy E now owns 3,459 shares of the payment services company’s stock worth $1,103,000 after purchasing an additional 2,344 shares in the last quarter. Finally, Reliant Investment Management LLC raised its position in American Express by 1.9% in the second quarter. Reliant Investment Management LLC now owns 26,189 shares of the payment services company’s stock valued at $8,354,000 after purchasing an additional 480 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of American Express stock opened at $356.87 on Friday. The business has a 50-day moving average price of $343.50 and a two-hundred day moving average price of $317.91. American Express Company has a 1-year low of $220.43 and a 1-year high of $377.23. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. The company has a market cap of $245.83 billion, a P/E ratio of 23.95, a PEG 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 EPS for the quarter, beating the consensus estimate of $3.98 by $0.16. American Express had a return on equity of 33.41% and a net margin of 14.97%.The company had revenue of $17.14 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same quarter in the prior year, the company earned $3.49 EPS. 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. As a group, analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen cut American Express from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. JPMorgan Chase & Co. boosted their target price on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Evercore ISI raised their price target on shares of American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, Compass Point reaffirmed a “neutral” rating and set a $324.00 target price on shares of American Express in a research report on Monday, October 20th. Eight analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $332.65.

Insider Buying and Selling

In other news, insider Denise Pickett sold 5,000 shares of American Express stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total value of $1,753,650.00. Following the completion of the sale, the insider owned 7,726 shares in the company, valued at $2,709,739.98. The trade was a 39.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Douglas Tabish sold 2,515 shares of the stock in a transaction 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 transaction, the insider directly owned 2,515 shares in the company, valued at approximately $894,359.15. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 193,292 shares of company stock worth $65,363,878 over the last ninety days. 0.20% of the stock is owned by company 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.