American Express Company $AXP Shares Bought by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC lifted its holdings in shares of American Express Company (NYSE:AXP) by 17.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,490 shares of the payment services company’s stock after buying an additional 824 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in American Express were worth $1,751,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after buying an additional 1,273 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of American Express by 1.0% in the first quarter. Koshinski Asset Management Inc. now owns 4,438 shares of the payment services company’s stock worth $1,194,000 after acquiring an additional 44 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in shares of American Express by 24.8% during the first quarter. Deseret Mutual Benefit Administrators now owns 635 shares of the payment services company’s stock worth $171,000 after purchasing an additional 126 shares in the last quarter. Mather Group LLC. raised its stake in American Express by 8.4% in the 1st quarter. Mather Group LLC. now owns 6,072 shares of the payment services company’s stock valued at $1,634,000 after purchasing an additional 473 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in American Express by 13.3% in the 1st quarter. Vontobel Holding Ltd. now owns 43,705 shares of the payment services company’s stock valued at $11,759,000 after purchasing an additional 5,129 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

NYSE AXP opened at $357.99 on Thursday. The stock has a fifty day simple moving average of $333.81 and a 200-day simple moving average of $308.93. 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 stock has a market cap of $246.60 billion, a PE ratio of 24.03, a P/E/G ratio of 1.92 and a beta of 1.29. American Express Company has a twelve month low of $220.43 and a twelve month high of $362.84.

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 firm had revenue of $18.43 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 revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, October 10th. American Express’s dividend payout ratio is currently 22.01%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AXP. Monness Crespi & Hardt cut shares of American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. Wells Fargo & Company increased their price objective on shares of American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, October 20th. JPMorgan Chase & Co. boosted their target price on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Barclays increased their price target on American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Finally, Morgan Stanley boosted their price objective on American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Nine research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $332.65.

Insider Activity

In related news, insider Laureen Seeger sold 61,721 shares of American Express stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $297.47, for a total value of $18,360,145.87. Following the completion of the sale, the insider owned 9,001 shares in the company, valued at approximately $2,677,527.47. This trade represents a 87.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas Tabish sold 2,515 shares of the company’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 222,011 shares of company stock worth $70,725,044 in the last three months. 0.20% of the stock is currently owned by corporate insiders.

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.