Curat Global LLC Sells 935 Shares of American Express Company $AXP

Curat Global LLC decreased its stake in American Express Company (NYSE:AXP) by 30.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,140 shares of the payment services company’s stock after selling 935 shares during the period. Curat Global LLC’s holdings in American Express were worth $683,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AXP. Brighton Jones LLC grew its holdings in shares of 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 acquiring an additional 1,273 shares in the last quarter. GAMMA Investing LLC lifted its stake in American Express by 3.1% in the 1st quarter. GAMMA Investing LLC now owns 8,039 shares of the payment services company’s stock valued at $2,163,000 after purchasing an additional 238 shares during the last quarter. Transcend Capital Advisors LLC lifted its stake in American Express by 20.6% in the 1st quarter. Transcend Capital Advisors LLC now owns 2,240 shares of the payment services company’s stock valued at $603,000 after purchasing an additional 382 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its stake in American Express by 21.8% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 1,581 shares of the payment services company’s stock valued at $425,000 after purchasing an additional 283 shares during the last quarter. Finally, Money Concepts Capital Corp lifted its stake in American Express by 7.1% in the 1st quarter. Money Concepts Capital Corp now owns 2,640 shares of the payment services company’s stock valued at $710,000 after purchasing an additional 174 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Trading Up 0.7%

Shares of AXP stock opened at $357.29 on Monday. The firm has a 50 day moving average price of $330.62 and a two-hundred day moving average price of $306.69. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $246.12 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.86 and a beta of 1.29. American Express Company has a 12-month low of $220.43 and a 12-month high of $362.32.

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, topping the consensus estimate of $3.98 by $0.16. The firm had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

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

Insider Buying and Selling

In other news, insider Denise Pickett sold 5,000 shares of American Express 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 sale, the insider directly owned 7,726 shares in the company, valued at approximately $2,709,739.98. The trade was a 39.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laureen Seeger sold 16,998 shares of American Express stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total transaction of $5,011,520.34. Following the completion of the sale, the insider owned 9,001 shares of the company’s stock, valued at approximately $2,653,764.83. The trade was a 65.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 277,511 shares of company stock valued at $87,909,279 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AXP shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a research note on Monday, July 14th. HSBC set a $295.00 target price on shares of American Express and gave the company a “hold” rating in a research note on Friday, October 10th. William Blair reiterated an “outperform” rating on shares of American Express in a research note on Wednesday, July 2nd. UBS Group raised their target price on shares of American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of American Express in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus price target of $332.65.

American Express 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.