WINTON GROUP Ltd Acquires Shares of 26,276 American Express Company $AXP

WINTON GROUP Ltd acquired a new position in American Express Company (NYSE:AXP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,276 shares of the payment services company’s stock, valued at approximately $8,382,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in American Express in the 2nd quarter worth approximately $1,897,335,000. Nuveen LLC bought a new position in shares of American Express during the 1st quarter valued at approximately $1,454,667,000. Wellington Management Group LLP increased its stake in American Express by 13.7% in the 1st quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock worth $4,849,777,000 after buying an additional 2,168,445 shares in the last quarter. Laurel Wealth Advisors LLC raised its stake in American Express by 31,595.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,742,009 shares of the payment services company’s stock valued at $555,666,000 after purchasing an additional 1,736,513 shares during the period. Finally, Geode Capital Management LLC lifted its holdings 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 worth $4,282,984,000 after buying an additional 1,349,746 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Stock Down 0.2%

Shares of AXP stock opened at $370.39 on Monday. 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 Company has a fifty-two week low of $220.43 and a fifty-two week high of $377.23. The stock’s 50-day simple moving average is $350.69 and its 200-day simple moving average is $325.60. The firm has a market capitalization of $255.14 billion, a PE ratio of 24.86, a P/E/G ratio of 1.67 and a beta of 1.14.

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

American Express Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently commented on AXP. JPMorgan Chase & Co. increased their price target on American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Morgan Stanley upped their target price on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. BTIG Research lifted their price objective on shares of American Express from $277.00 to $307.00 and gave the company a “sell” rating in a report on Friday, October 17th. Truist Financial increased their price target on American Express from $375.00 to $395.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Finally, Barclays boosted their price objective on shares of American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Nine analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $332.65.

Insider Buying and Selling at American Express

In other American Express news, CMO Elizabeth Rutledge sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $360.21, for a total value of $18,010,500.00. Following the sale, the chief marketing officer owned 85,577 shares in the company, valued at approximately $30,825,691.17. This represents a 36.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Douglas Tabish sold 2,515 shares of the firm’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 transaction of $894,359.15. Following the sale, the insider directly owned 2,515 shares in the company, valued at $894,359.15. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 57,515 shares of company stock valued at $20,658,509. 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.