Glass Jacobson Investment Advisors llc Lowers Stock Holdings in American Express Company $AXP

Glass Jacobson Investment Advisors llc lowered its position in shares of American Express Company (NYSE:AXP) by 7.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,000 shares of the payment services company’s stock after selling 85 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in American Express were worth $319,000 as of its most recent filing with the SEC.

Several other institutional investors 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 second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock valued at $384,000 after purchasing an additional 32 shares in the last quarter. DLK Investment Management LLC boosted its position in shares of American Express by 3.8% in the second 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. increased its holdings in shares of American Express by 4.7% during the 1st quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock worth $208,000 after buying an additional 35 shares during the last quarter. Modern Wealth Management LLC raised 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 purchasing an additional 35 shares during the period. Finally, Greenfield Savings Bank lifted its position in American Express by 0.3% during the second quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock valued at $4,184,000 after buying an additional 35 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American Express

In related news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total value of $7,671,326.85. Following the transaction, the insider directly owned 123,613 shares in the company, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Glenda G. Mcneal sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total value of $15,475,000.00. Following the transaction, the insider owned 10,957 shares of the company’s stock, valued at approximately $3,391,191.50. This trade represents a 82.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 277,511 shares of company stock worth $87,909,279 over the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their target price on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Evercore ISI lifted their target price on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. UBS Group lifted their price objective on shares of American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Barclays raised their price target on American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Finally, HSBC set a $295.00 target price on American Express and gave the stock a “hold” rating in a research report on Friday, October 10th. Nine analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $332.65.

American Express Price Performance

NYSE AXP opened at $357.29 on Friday. The company has a 50 day simple moving average of $330.62 and a 200-day simple moving average of $306.39. American Express Company has a 52-week low of $220.43 and a 52-week high of $362.32. The firm has a market capitalization of $246.12 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.69.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.16. American Express had a return on equity of 33.41% and a net margin of 14.97%.The business had revenue of $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. During the same period last year, the company earned $3.49 earnings per share. American Express’s quarterly 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. Equities research 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 announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s payout ratio is currently 22.01%.

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.