Vise Technologies Inc. Acquires Shares of 25,333 American Express Company $AXP

Vise Technologies Inc. bought a new stake in shares of American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,333 shares of the payment services company’s stock, valued at approximately $8,081,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP lifted its position in American Express by 42.0% during the 2nd quarter. Allworth Financial LP now owns 175,881 shares of the payment services company’s stock valued at $56,102,000 after acquiring an additional 52,042 shares during the period. Illinois Municipal Retirement Fund boosted its position in shares of American Express by 20.8% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 47,983 shares of the payment services company’s stock worth $15,306,000 after purchasing an additional 8,249 shares in the last quarter. Davis R M Inc. grew its stake in shares of American Express by 21.0% in the 2nd quarter. Davis R M Inc. now owns 1,854 shares of the payment services company’s stock worth $591,000 after buying an additional 322 shares during the last quarter. Fidelis Capital Partners LLC raised its stake in American Express by 8.3% during the second quarter. Fidelis Capital Partners LLC now owns 5,227 shares of the payment services company’s stock valued at $1,545,000 after buying an additional 399 shares during the last quarter. Finally, PFG Advisors raised its stake in American Express by 0.7% during the second quarter. PFG Advisors now owns 5,059 shares of the payment services company’s stock valued at $1,614,000 after buying an additional 34 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Price Performance

NYSE:AXP opened at $368.90 on Monday. The business’s 50-day simple moving average is $339.73 and its two-hundred day simple moving average is $314.74. American Express Company has a 52 week low of $220.43 and a 52 week high of $370.00. The stock has a market cap of $254.12 billion, a PE ratio of 24.76, a P/E/G ratio of 1.90 and a beta of 1.27. 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 released its earnings results 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. The firm had revenue of $18.43 billion during the quarter, compared to analysts’ expectations of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

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 given a dividend of $0.82 per share. The ex-dividend date is Friday, October 10th. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. American Express’s dividend payout ratio (DPR) is presently 22.01%.

Insider Activity

In related news, CMO Elizabeth Rutledge sold 50,000 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the completion of the transaction, the chief marketing officer directly owned 85,577 shares of the company’s stock, valued at approximately $30,825,691.17. This trade represents a 36.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Denise Pickett sold 5,000 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the transaction, the insider directly owned 7,726 shares of the company’s stock, valued at $2,709,739.98. This trade represents a 39.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 193,292 shares of company stock valued at $65,363,878 in the last quarter. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

AXP has been the topic of a number of recent research reports. UBS Group increased their target price on American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Truist Financial increased their price objective on shares of American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Morgan Stanley lifted their target price on shares of American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price target on the stock in a report on Tuesday, October 21st. Finally, Royal Bank Of Canada restated 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 assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, American Express has an average rating of “Hold” and an average price target of $332.65.

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.