Capstone Financial Advisors Inc. Makes New Investment in American Express Company $AXP

Capstone Financial Advisors Inc. bought a new position in shares of American Express Company (NYSE:AXP) during the 2nd quarter, Holdings Channel reports. The fund bought 825 shares of the payment services company’s stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Briaud Financial Planning Inc purchased a new stake in American Express during the second quarter worth about $26,000. Access Investment Management LLC acquired a new stake in shares of American Express during the 2nd quarter valued at approximately $26,000. 1 North Wealth Services LLC purchased a new stake in shares of American Express during the 1st quarter worth approximately $37,000. Chung Wu Investment Group LLC acquired a new stake in shares of American Express in the 2nd quarter worth approximately $37,000. Finally, Solstein Capital LLC purchased a new position in American Express in the 2nd quarter valued at approximately $39,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Price Performance

NYSE:AXP opened at $364.26 on Friday. American Express Company has a 12-month low of $220.43 and a 12-month high of $377.23. The firm has a market cap of $250.92 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. The company’s 50-day moving average is $342.89 and its two-hundred day moving average is $316.91. The company has a current ratio of 1.61, a quick ratio of 1.59 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 earnings per share for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. The business had revenue of $17.14 billion during the quarter, compared to analyst estimates of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Research analysts expect 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 paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, October 10th. American Express’s dividend payout ratio is currently 22.01%.

Insider Buying and Selling at American Express

In other news, CMO Elizabeth Rutledge sold 50,000 shares of American Express stock in a transaction on Friday, October 31st. The stock was sold at an average price of $360.21, for a total value of $18,010,500.00. Following the completion of the sale, the chief marketing officer owned 85,577 shares of the company’s stock, valued at $30,825,691.17. The trade was a 36.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen J. Squeri sold 112,272 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $329.86, for a total value of $37,034,041.92. Following the transaction, the chief executive officer owned 92,810 shares in the company, valued at $30,614,306.60. This trade represents a 54.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 193,292 shares of company stock valued at $65,363,878. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AXP shares. Evercore ISI boosted their target price on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Morgan Stanley boosted their price objective on shares of American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Compass Point restated a “neutral” rating and set a $324.00 target price on shares of American Express in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft upped their price target on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, Barclays increased their price target on shares of American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Eight analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $332.65.

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.