DecisionMap Wealth Management LLC Acquires New Holdings in American Express Company $AXP

DecisionMap Wealth Management LLC bought a new position in shares of American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 757 shares of the payment services company’s stock, valued at approximately $241,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Maj Invest Holding A S grew its position in shares of American Express by 17.7% in the second quarter. Maj Invest Holding A S now owns 518,279 shares of the payment services company’s stock valued at $165,321,000 after purchasing an additional 78,058 shares during the last quarter. Klingman & Associates LLC lifted its stake in American Express by 107.5% in the 2nd quarter. Klingman & Associates LLC now owns 1,724 shares of the payment services company’s stock valued at $550,000 after buying an additional 893 shares in the last quarter. Pittenger & Anderson Inc. grew its holdings in American Express by 903.6% during the 2nd quarter. Pittenger & Anderson Inc. now owns 21,658 shares of the payment services company’s stock valued at $6,908,000 after buying an additional 19,500 shares during the last quarter. Phoenix Financial Ltd. increased its position in American Express by 121.9% during the second quarter. Phoenix Financial Ltd. now owns 1,891 shares of the payment services company’s stock worth $603,000 after buying an additional 1,039 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC raised its holdings in shares of American Express by 16.7% in the second quarter. Avidian Wealth Enterprises LLC now owns 2,256 shares of the payment services company’s stock worth $720,000 after acquiring an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Activity

In other American Express news, insider Laureen Seeger sold 16,998 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was 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 directly owned 9,001 shares in the company, valued at $2,653,764.83. This represents a 65.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Anna Marrs sold 5,500 shares of American Express stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total value of $1,709,235.00. Following the completion of the transaction, the insider directly owned 20,311 shares in the company, valued at $6,312,049.47. This represents a 21.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 269,996 shares of company stock valued at $85,261,270 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AXP shares. Morgan Stanley increased their price objective on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. raised their target price on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of American Express in a research note on Monday, July 14th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $332.26.

American Express Price Performance

AXP opened at $349.21 on Tuesday. American Express Company has a 1 year low of $220.43 and a 1 year high of $350.22. The company’s 50 day simple moving average is $326.69 and its 200 day simple moving average is $303.47. The stock has a market capitalization of $243.01 billion, a PE ratio of 23.44, a P/E/G ratio of 1.81 and a beta of 1.29. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.69 and a current ratio of 1.71.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 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 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 for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior 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, sell-side analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

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

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.