L & S Advisors Inc Has $7.05 Million Stock Holdings in American Express Company $AXP

L & S Advisors Inc increased its holdings in shares of American Express Company (NYSE:AXP) by 106.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 22,112 shares of the payment services company’s stock after acquiring an additional 11,424 shares during the period. L & S Advisors Inc’s holdings in American Express were worth $7,053,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Asset Advisory Services LLC increased its stake in shares of American Express by 2.8% in the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock valued at $384,000 after acquiring an additional 32 shares in the last quarter. DLK Investment Management LLC increased its stake in American Express by 3.8% in the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after purchasing an additional 32 shares in the last quarter. PFG Advisors raised its holdings in shares of 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 purchasing an additional 34 shares during the period. Financial Engines Advisors L.L.C. boosted its position 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 purchasing an additional 35 shares in the last quarter. Finally, Modern Wealth Management LLC grew its stake 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 valued at $1,324,000 after buying an additional 35 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AXP. Deutsche Bank Aktiengesellschaft raised their price objective on American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Truist Financial upped their price objective on shares of American Express from $375.00 to $395.00 and gave the stock a “buy” rating in a report on Monday, October 20th. DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective for the company in a report on Tuesday, October 21st. Weiss Ratings downgraded shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 7th. Finally, Compass Point reaffirmed a “neutral” rating and issued a $324.00 price target on shares of American Express 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, American Express has a consensus rating of “Hold” and an average price target of $332.65.

American Express Stock Performance

AXP stock opened at $364.26 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The firm has a market cap of $250.92 billion, a PE ratio of 24.45, a P/E/G ratio of 1.90 and a beta of 1.27. The business has a 50 day moving average of $342.89 and a 200-day moving average of $316.91. American Express Company has a 12-month low of $220.43 and a 12-month high of $377.23.

American Express (NYSE:AXP) last issued its quarterly earnings results 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. The business had revenue of $17.14 billion for the quarter, compared to analyst estimates of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.American Express’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, sell-side analysts expect that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were issued 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 was Friday, October 10th. American Express’s dividend payout ratio (DPR) is 22.01%.

Insiders Place Their Bets

In related news, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the sale, the chief executive officer owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Douglas Tabish sold 2,515 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 2,515 shares in the company, valued at approximately $894,359.15. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 193,292 shares of company stock valued at $65,363,878. 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.