CFC Planning Co LLC Has $5.53 Million Stock Position in American Express Company $AXP

CFC Planning Co LLC lifted its stake in shares of American Express Company (NYSE:AXP) by 13.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,319 shares of the payment services company’s stock after purchasing an additional 2,099 shares during the period. American Express makes up about 5.2% of CFC Planning Co LLC’s holdings, making the stock its 4th biggest position. CFC Planning Co LLC’s holdings in American Express were worth $5,525,000 as of its most recent SEC filing.

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

American Express Price Performance

Shares of AXP opened at $343.69 on Friday. 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 cap of $236.75 billion, a PE ratio of 23.07, a PEG ratio of 1.90 and a beta of 1.27. The firm’s 50 day moving average price is $344.86 and its 200 day moving average price is $319.57. American Express Company has a twelve month low of $220.43 and a twelve month high of $377.23.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.98 by $0.16. The company had revenue of $17.14 billion for 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%. American Express’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, research analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, October 10th. American Express’s dividend payout ratio (DPR) is 22.01%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group raised their target price on American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. HSBC set a $295.00 price objective on American Express and gave the stock a “hold” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a report on Wednesday. DZ Bank raised shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective on the stock in a research report on Tuesday, October 21st. Finally, Morgan Stanley upped their price objective on shares of American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Eight analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, American Express has a consensus rating of “Hold” and an average target price of $332.65.

Insider Buying and Selling

In other news, CMO Elizabeth Rutledge sold 50,000 shares of the company’s 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 completion of the sale, the chief marketing officer owned 85,577 shares in the company, valued at approximately $30,825,691.17. This represents a 36.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Denise Pickett sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total value of $1,753,650.00. Following the completion of the transaction, the insider directly owned 7,726 shares in the company, valued at $2,709,739.98. The trade was a 39.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 owned by corporate insiders.

About American Express

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.