American Express (NYSE:AXP) CMO Elizabeth Rutledge Sells 50,000 Shares

American Express Company (NYSE:AXP) CMO Elizabeth Rutledge sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $360.21, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

American Express Stock Down 0.3%

AXP traded down $1.23 on Tuesday, reaching $360.39. 1,877,183 shares of the company traded hands, compared to its average volume of 2,836,522. The stock’s 50 day moving average price is $336.56 and its 200-day moving average price is $311.54. American Express Company has a 52-week low of $220.43 and a 52-week high of $365.75. The company has a market cap of $248.25 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.90 and a beta of 1.29. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59.

American Express (NYSE:AXP) last posted its quarterly earnings data 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 $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same period in the prior year, the firm earned $3.49 EPS. American Express’s quarterly revenue was up 11.0% compared to the same quarter last year. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, sell-side analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s dividend payout ratio is presently 22.01%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AXP shares. Wall Street Zen raised shares of American Express from a “hold” rating to a “buy” rating in a research report on Saturday. 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. Truist Financial increased their price objective on American Express from $375.00 to $395.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of American Express in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Nine investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, American Express presently has an average rating of “Hold” and a consensus price target of $332.65.

Institutional Investors Weigh In On American Express

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Valley Wealth Managers Inc. boosted its stake in shares of American Express by 153.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 46 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in shares of American Express during the 2nd quarter valued at $26,000. Access Investment Management LLC bought a new stake in shares of American Express during the second quarter valued at approximately $26,000. Manning & Napier Advisors LLC bought a new stake in shares of American Express during the third quarter valued at approximately $27,000. Finally, Guerra Advisors Inc bought a new stake in shares of American Express during the third quarter valued at approximately $28,000. 84.33% of the stock is owned by institutional investors.

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.