MainStreet Investment Advisors LLC Grows Position in American Express Company $AXP

MainStreet Investment Advisors LLC grew its stake in shares of American Express Company (NYSE:AXP) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,253 shares of the payment services company’s stock after purchasing an additional 149 shares during the period. MainStreet Investment Advisors LLC’s holdings in American Express were worth $1,995,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. R Squared Ltd purchased a new position in American Express during the first quarter worth about $509,000. Nordea Investment Management AB boosted its position in shares of American Express by 2.2% in the second quarter. Nordea Investment Management AB now owns 2,267,377 shares of the payment services company’s stock worth $721,525,000 after acquiring an additional 49,593 shares during the last quarter. Mackenzie Financial Corp raised its stake in American Express by 6.6% during the first quarter. Mackenzie Financial Corp now owns 60,634 shares of the payment services company’s stock worth $16,314,000 after purchasing an additional 3,776 shares during the period. Dempze Nancy E raised its stake in American Express by 210.2% during the second quarter. Dempze Nancy E now owns 3,459 shares of the payment services company’s stock worth $1,103,000 after purchasing an additional 2,344 shares during the period. Finally, Reliant Investment Management LLC boosted its holdings in shares of American Express by 1.9% in the 2nd quarter. Reliant Investment Management LLC now owns 26,189 shares of the payment services company’s stock valued at $8,354,000 after purchasing an additional 480 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other American Express news, insider Douglas Tabish sold 2,515 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total transaction of $894,359.15. Following the completion of the sale, the insider owned 2,515 shares in the company, valued at $894,359.15. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Elizabeth Rutledge sold 50,000 shares of American Express stock in a transaction that occurred 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 sale, the chief marketing officer owned 85,577 shares in the company, valued at $30,825,691.17. This represents a 36.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 193,292 shares of company stock worth $65,363,878 over the last quarter. Company insiders own 0.20% of the company’s stock.

American Express Price Performance

AXP stock opened at $341.58 on Tuesday. The stock has a 50-day simple moving average of $343.83 and a 200-day simple moving average of $318.78. The firm has a market cap of $235.30 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. American Express Company has a 1 year low of $220.43 and a 1 year high of $377.23.

American Express (NYSE:AXP) last issued 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 $17.14 billion during 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%. American Express’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, equities analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were issued a $0.82 dividend. The ex-dividend date was Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. American Express’s payout ratio is currently 22.01%.

Wall Street Analyst Weigh In

AXP has been the subject of a number of research analyst reports. UBS Group upped their price objective on American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Wall Street Zen lowered American Express from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. JPMorgan Chase & Co. raised their price objective on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Morgan Stanley boosted their target price on American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Finally, Evercore ISI increased 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 investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, American Express currently has an average rating of “Hold” and an average target price 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.