American Express Company $AXP Shares Purchased by Traphagen Investment Advisors LLC

Traphagen Investment Advisors LLC increased its stake in American Express Company (NYSE:AXP) by 670.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,212 shares of the payment services company’s stock after purchasing an additional 1,925 shares during the period. Traphagen Investment Advisors LLC’s holdings in American Express were worth $735,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of AXP. Briaud Financial Planning Inc acquired a new stake in shares of American Express during the second quarter worth $26,000. Access Investment Management LLC acquired a new stake in American Express during the 2nd quarter worth about $26,000. 1 North Wealth Services LLC purchased a new stake in American Express during the 1st quarter valued at about $37,000. Chung Wu Investment Group LLC acquired a new position in shares of American Express in the second quarter valued at about $37,000. Finally, Howard Hughes Medical Institute purchased a new position in shares of American Express in the second quarter worth about $38,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Down 0.4%

AXP opened at $380.99 on Wednesday. The company has a fifty day moving average of $356.87 and a two-hundred day moving average of $329.81. The stock has a market capitalization of $262.45 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 1.72 and a beta of 1.14. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $387.49. 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 (NYSE:AXP) last posted its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business had revenue of $17.14 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same period in the prior year, the company posted $3.49 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, research analysts expect that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.9%. American Express’s payout ratio is 22.01%.

Insider Transactions at American Express

In other news, insider Douglas Tabish sold 2,515 shares of American Express stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total value of $894,359.15. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Denise Pickett sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the sale, the insider directly owned 7,726 shares of the company’s stock, valued at $2,709,739.98. This represents a 39.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,515 shares of company stock valued at $20,658,509 in the last three months. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AXP shares. Truist Financial upped their target price on American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Wolfe Research began coverage on shares of American Express in a report on Monday, December 8th. They issued a “peer perform” rating on the stock. Weiss Ratings cut shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. BTIG Research boosted their target price on shares of American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research report on Friday, October 17th. Finally, Morgan Stanley set a $370.00 price target on American Express in a research report on Tuesday. Eight research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $334.30.

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.