Family Capital Trust Co Reduces Position in American Express Company $AXP

Family Capital Trust Co decreased its holdings in American Express Company (NYSE:AXP) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,680 shares of the payment services company’s stock after selling 341 shares during the period. American Express comprises approximately 4.1% of Family Capital Trust Co’s investment portfolio, making the stock its 6th biggest holding. Family Capital Trust Co’s holdings in American Express were worth $11,700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AXP. Vanguard Group Inc. increased its stake in shares of American Express by 1.3% during the first quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock worth $12,334,299,000 after purchasing an additional 605,900 shares during the period. Wellington Management Group LLP boosted its holdings in shares of 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 valued at $4,849,777,000 after purchasing an additional 2,168,445 shares in the last quarter. Nuveen LLC acquired a new stake in shares of American Express in the 1st quarter valued at $1,454,667,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of American Express by 1.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,093,807 shares of the payment services company’s stock valued at $1,370,489,000 after purchasing an additional 78,538 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of American Express by 25.5% during 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 acquiring an additional 965,221 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Insiders Place Their Bets

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 value of $7,671,326.85. Following the transaction, the insider owned 123,613 shares in the company, valued at approximately $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen J. Squeri sold 112,272 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold 269,996 shares of company stock valued at $85,261,270 in the last quarter. 0.20% of the stock is currently owned by company insiders.

American Express Price Performance

Shares of NYSE AXP opened at $346.45 on Monday. American Express Company has a twelve month low of $220.43 and a twelve month high of $349.19. The stock’s 50 day moving average price is $325.64 and its 200-day moving average price is $302.66. The company has a market capitalization of $241.09 billion, a PE ratio of 23.25, a PEG ratio of 1.81 and a beta of 1.29. The company has a quick ratio of 1.69, a current ratio of 1.71 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP) last announced its earnings results 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. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm had revenue of $18.43 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same quarter in the previous year, the business earned $3.49 EPS. The company’s revenue 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. On average, equities analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be paid a $0.82 dividend. The ex-dividend date is Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s dividend payout ratio is presently 22.01%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AXP shares. Citigroup reissued a “neutral” rating and set a $327.00 price objective (up previously from $300.00) on shares of American Express in a report on Wednesday, July 2nd. Morgan Stanley lifted their price objective on American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Barclays boosted their target price on American Express from $297.00 to $336.00 and gave the company a “cautious” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. boosted their target price on American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Finally, HSBC set a $295.00 price target on American Express and gave the company a “hold” rating in a research note on Friday, October 10th. Nine research 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.com, American Express presently has a consensus rating of “Hold” and an average price target of $323.60.

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.