Hibernia Wealth Partners LLC Invests $427,000 in American Express Company $AXP

Hibernia Wealth Partners LLC acquired a new stake in American Express Company (NYSE:AXP) during the second quarter, HoldingsChannel reports. The firm acquired 1,337 shares of the payment services company’s stock, valued at approximately $427,000.

Several other institutional investors have also recently added to or reduced their stakes in AXP. Access Investment Management LLC purchased a new stake in shares of American Express during the 2nd quarter worth approximately $26,000. Briaud Financial Planning Inc purchased a new stake in American Express in the second quarter valued at $26,000. Chung Wu Investment Group LLC acquired a new position in American Express in the second quarter valued at $37,000. Solstein Capital LLC purchased a new position in shares of American Express during the second quarter worth about $39,000. Finally, Proffitt & Goodson Inc. acquired a new stake in shares of American Express during the second quarter worth about $41,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AXP. Compass Point reissued a “neutral” rating and issued a $324.00 target price on shares of American Express in a research report on Monday, October 20th. Truist Financial upped their price target 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. HSBC set a $295.00 price objective on shares of American Express and gave the stock a “hold” rating in a research report on Friday, October 10th. Keefe, Bruyette & Woods raised their price target on American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Finally, Weiss Ratings downgraded American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, November 7th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $332.65.

Insiders Place Their Bets

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 123,613 shares in the company, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Elizabeth Rutledge sold 50,000 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the sale, the chief marketing officer owned 85,577 shares in the company, valued at approximately $30,825,691.17. This trade represents a 36.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 193,292 shares of company stock worth $65,363,878. Corporate insiders own 0.20% of the company’s stock.

American Express Price Performance

AXP opened at $364.26 on Friday. The firm has a market cap of $250.92 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 1.90 and a beta of 1.27. American Express Company has a twelve month low of $220.43 and a twelve month high of $377.23. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. The company has a fifty day simple moving average of $342.89 and a 200 day simple moving average of $316.91.

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, beating analysts’ consensus estimates of $3.98 by $0.16. The firm had revenue of $17.14 billion for the quarter, compared to the consensus estimate of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities research analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Friday, October 10th were given a $0.82 dividend. The ex-dividend date was 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%.

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.