American Express Company $AXP Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. trimmed its position in shares of American Express Company (NYSE:AXP) by 12.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,950 shares of the payment services company’s stock after selling 2,752 shares during the quarter. Montag A & Associates Inc.’s holdings in American Express were worth $6,364,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AXP. Brighton Jones LLC raised its position in American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after acquiring an additional 1,273 shares during the last quarter. TruNorth Capital Management LLC increased its stake in shares of American Express by 82.0% during the 1st quarter. TruNorth Capital Management LLC now owns 162 shares of the payment services company’s stock worth $44,000 after purchasing an additional 73 shares in the last quarter. Hughes Financial Services LLC acquired a new position in shares of American Express during the 1st quarter worth approximately $35,000. CWM LLC lifted its stake in American Express by 1.9% in the 1st quarter. CWM LLC now owns 30,352 shares of the payment services company’s stock valued at $8,166,000 after buying an additional 553 shares in the last quarter. Finally, LRI Investments LLC grew its holdings in American Express by 13.7% during the 1st quarter. LRI Investments LLC now owns 763 shares of the payment services company’s stock valued at $205,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP stock opened at $367.93 on Tuesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. The firm has a market capitalization of $253.45 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. American Express Company has a one year low of $220.43 and a one year high of $371.80. The company has a 50 day moving average price of $340.46 and a 200 day moving average price of $315.45.

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, beating the consensus estimate of $3.98 by $0.16. The company had revenue of $18.43 billion during the quarter, compared to analysts’ expectations of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Sell-side analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, October 10th. American Express’s payout ratio is 22.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AXP shares. Morgan Stanley boosted their price target on American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Wells Fargo & Company boosted their target price on shares of American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings cut shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Keefe, Bruyette & Woods boosted their price objective on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Finally, Evercore ISI raised their target price on shares of American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Eight research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $332.65.

Insider Activity at American Express

In other news, insider Douglas Tabish sold 2,515 shares of the stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the sale, the insider owned 2,515 shares of the company’s stock, valued at $894,359.15. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the 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 completion of the sale, the insider owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 193,292 shares of company stock valued at $65,363,878 over the last quarter. Company insiders own 0.20% of the company’s stock.

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.