American Express Company $AXP Holdings Cut by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co decreased its position in American Express Company (NYSE:AXP) by 8.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,048 shares of the payment services company’s stock after selling 198 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in American Express were worth $653,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Nuveen LLC bought a new stake in shares of American Express during the 1st quarter worth $1,454,667,000. Wellington Management Group LLP increased its stake in American Express by 13.7% during 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 acquiring an additional 2,168,445 shares during the period. Geode Capital Management LLC raised its stake in shares of American Express by 11.1% in the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock valued at $4,282,984,000 after purchasing an additional 1,349,746 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of American Express by 25.5% in 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 buying an additional 965,221 shares in the last quarter. Finally, Provident Trust Co. grew its stake in shares of American Express by 136.6% in the 2nd quarter. Provident Trust Co. now owns 1,108,971 shares of the payment services company’s stock valued at $353,740,000 after purchasing an additional 640,214 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the completion of the transaction, the insider owned 123,613 shares in the company, valued at $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Denise Pickett sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the completion of the sale, the insider 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 193,292 shares of company stock valued at $65,363,878. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

AXP has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Compass Point reiterated a “neutral” rating and issued a $324.00 price objective on shares of American Express in a research report on Monday, October 20th. Wells Fargo & Company lifted their price target on American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Wall Street Zen downgraded American Express from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Evercore ISI raised their price target on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Eight investment 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, American Express presently has a consensus rating of “Hold” and a consensus target price of $332.65.

American Express Stock Performance

NYSE AXP opened at $344.77 on Thursday. The company has a market cap of $237.50 billion, a P/E ratio of 23.14, a PEG ratio of 1.90 and a beta of 1.27. American Express Company has a 12-month low of $220.43 and a 12-month high of $377.23. The company has a fifty day simple moving average of $344.58 and a 200 day simple moving average of $319.40. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business had revenue of $17.14 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same quarter in the previous year, the firm posted $3.49 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Sell-side analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were paid 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 1.0%. American Express’s dividend payout ratio (DPR) is 22.01%.

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.