American Express Company $AXP Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd lifted its stake in American Express Company (NYSE:AXP) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,043 shares of the payment services company’s stock after purchasing an additional 651 shares during the period. Mediolanum International Funds Ltd’s holdings in American Express were worth $38,711,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AXP. Vanguard Group Inc. boosted its stake in shares of American Express by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 46,425,262 shares of the payment services company’s stock valued at $14,808,730,000 after buying an additional 581,369 shares during the period. Wellington Management Group LLP raised its holdings in American Express by 13.7% in the first quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock valued at $4,849,777,000 after acquiring an additional 2,168,445 shares in the last quarter. Geode Capital Management LLC raised its holdings in American Express by 11.1% in the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock valued at $4,282,984,000 after acquiring an additional 1,349,746 shares in the last quarter. Nuveen LLC purchased a new position in American Express in the first quarter worth approximately $1,454,667,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in American Express by 1.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,093,807 shares of the payment services company’s stock worth $1,370,489,000 after acquiring an additional 78,538 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Activity at American Express

In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction 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 transaction, the chief executive officer directly owned 92,810 shares in the company, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Denise Pickett sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the completion of the sale, the insider directly owned 7,726 shares of the company’s stock, valued at $2,709,739.98. The trade was a 39.29% 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 in the last three months. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AXP. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a report on Wednesday. Wells Fargo & Company boosted their target price on shares of American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. BTIG Research raised their price target on American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research note on Friday, October 17th. HSBC set a $295.00 price target on American Express and gave the stock a “hold” rating in a report on Friday, October 10th. Finally, DZ Bank upgraded American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective on the stock in a report on Tuesday, October 21st. Eight equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $332.65.

American Express Stock Down 0.3%

Shares of NYSE AXP opened at $343.69 on Friday. The business has a 50-day moving average price of $344.86 and a 200 day moving average price of $319.57. The stock has a market cap of $236.75 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. American Express Company has a 52-week low of $220.43 and a 52-week 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 for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. The company had revenue of $17.14 billion during the quarter, compared to analysts’ expectations of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities research analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were paid a dividend of $0.82 per share. 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 dividend payout ratio is currently 22.01%.

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.