Stephens Inc. AR Sells 630 Shares of American Express Company $AXP

Stephens Inc. AR lowered its position in American Express Company (NYSE:AXP) by 3.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 19,547 shares of the payment services company’s stock after selling 630 shares during the period. Stephens Inc. AR’s holdings in American Express were worth $6,235,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AXP. MorganRosel Wealth Management LLC bought a new position in shares of American Express in the first quarter worth $29,000. Hughes Financial Services LLC purchased a new position in American Express in the first quarter worth $35,000. 1 North Wealth Services LLC purchased a new position in American Express in the first quarter worth $37,000. Chung Wu Investment Group LLC purchased a new position in American Express in the second quarter worth $37,000. Finally, Abound Financial LLC purchased a new position in American Express in the first quarter worth $41,000. Institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on AXP shares. Weiss Ratings upgraded shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Citigroup reiterated a “neutral” rating and issued a $327.00 target price (up from $300.00) on shares of American Express in a research report on Wednesday, July 2nd. DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 target price for the company in a research report on Tuesday. Compass Point reiterated a “neutral” rating and issued a $324.00 target price on shares of American Express in a research report on Monday. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of American Express in a research report on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $332.65.

American Express Stock Performance

NYSE AXP opened at $355.76 on Wednesday. The company has a 50-day simple moving average of $327.75 and a two-hundred day simple moving average of $303.83. The company has a quick ratio of 1.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. American Express Company has a 12-month low of $220.43 and a 12-month high of $356.67. The firm has a market cap of $245.06 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 1.85 and a beta of 1.29.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating 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 $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. During the same period in the prior year, the business posted $3.49 earnings per share. 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. On average, equities analysts forecast 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. Stockholders of record on Friday, October 10th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s dividend payout ratio is 22.01%.

Insider Activity

In other news, insider Glenda G. Mcneal sold 50,000 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the completion of the transaction, the insider directly owned 10,957 shares of the company’s stock, valued at approximately $3,391,191.50. This represents a 82.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Anna Marrs sold 5,500 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the transaction, the insider directly owned 20,311 shares of the company’s stock, valued at approximately $6,312,049.47. This trade represents a 21.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 269,996 shares of company stock valued at $85,261,270. 0.20% of the stock is owned by corporate 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.