Future Fund LLC Cuts Stake in American Express Company $AXP

Future Fund LLC lowered its stake in shares of American Express Company (NYSE:AXP) by 41.5% during the second quarter, Holdings Channel reports. The fund owned 1,709 shares of the payment services company’s stock after selling 1,212 shares during the period. Future Fund LLC’s holdings in American Express were worth $545,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc acquired a new stake in shares of American Express in the 2nd quarter valued at $26,000. Access Investment Management LLC acquired a new stake in shares of American Express in the 2nd quarter valued at about $26,000. Hughes Financial Services LLC acquired a new stake in shares of American Express in the first quarter valued at approximately $35,000. 1 North Wealth Services LLC purchased a new position in American Express during the 1st quarter worth $37,000. Finally, Chung Wu Investment Group LLC purchased a new position in shares of American Express during the second quarter worth about $37,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

NYSE AXP opened at $368.90 on Monday. The company has a market capitalization of $254.12 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. American Express Company has a 12-month low of $220.43 and a 12-month high of $370.00. The firm’s 50 day moving average is $339.73 and its 200-day moving average is $314.74. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The company had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same period in the prior year, the business posted $3.49 EPS. The company’s quarterly 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 research analysts anticipate that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The business 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 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 presently 22.01%.

Insider Buying and Selling at American Express

In related news, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the transaction, the chief executive officer directly owned 92,810 shares in the company, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the completion of the transaction, the insider directly owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 193,292 shares of company stock valued at $65,363,878 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AXP shares. Barclays increased their price target on shares of American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Wells Fargo & Company raised their target price on shares of American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft upped their price objective on American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Morgan Stanley upped their price objective on shares of American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a report on Monday, July 14th. Eight investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $332.65.

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.