American Express Company $AXP Shares Purchased by Schubert & Co

Schubert & Co lifted its stake in American Express Company (NYSE:AXP) by 8.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,826 shares of the payment services company’s stock after acquiring an additional 142 shares during the quarter. Schubert & Co’s holdings in American Express were worth $582,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Capital Asset Advisory Services LLC lifted its holdings in shares of American Express by 2.8% in the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock worth $384,000 after acquiring an additional 32 shares during the last quarter. DLK Investment Management LLC lifted its holdings in shares of American Express by 3.8% in the 2nd quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock worth $277,000 after acquiring an additional 32 shares during the last quarter. Financial Engines Advisors L.L.C. lifted its holdings in shares of American Express by 4.7% in the 1st quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock worth $208,000 after acquiring an additional 35 shares during the last quarter. Modern Wealth Management LLC lifted its holdings in shares of American Express by 0.7% in the 1st quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock worth $1,324,000 after acquiring an additional 35 shares during the last quarter. Finally, Greenfield Savings Bank lifted its holdings in shares of American Express by 0.3% in the 2nd quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock worth $4,184,000 after acquiring an additional 35 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

Shares of AXP opened at $346.45 on Friday. American Express Company has a twelve month low of $220.43 and a twelve month high of $349.19. The firm’s fifty day simple moving average is $325.64 and its 200-day simple moving average is $302.28. The firm has a market capitalization of $241.09 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.82 and a beta of 1.29. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 1.80.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. American Express had a net margin of 14.78% and a return on equity of 32.87%. The business had revenue of $18.43 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same period last year, the business earned $3.49 EPS. The company’s revenue was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, October 10th. American Express’s dividend payout ratio (DPR) is presently 23.02%.

Wall Street Analysts Forecast Growth

AXP has been the topic of several recent analyst reports. Monness Crespi & Hardt lowered shares of American Express from a “buy” rating to a “neutral” rating in a report on Tuesday, July 15th. DZ Bank lowered shares of American Express from a “hold” rating to a “sell” rating in a report on Monday, July 21st. BTIG Research reiterated a “sell” rating on shares of American Express in a report on Friday. Citigroup reiterated a “neutral” rating and set a $327.00 target price (up from $300.00) on shares of American Express in a report on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $323.60.

Insiders Place Their Bets

In other news, CEO Stephen J. Squeri sold 112,272 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the sale, the chief executive officer directly owned 92,810 shares in the company, valued at approximately $30,614,306.60. This trade represents a 54.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laureen Seeger sold 16,998 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total transaction of $5,011,520.34. Following the completion of the sale, the insider owned 9,001 shares in the company, valued at $2,653,764.83. The trade was a 65.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 269,996 shares of company stock worth $85,261,270. 0.20% of the stock is currently owned by 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.