Foster & Motley Inc. Sells 40 Shares of American Express Company $AXP

Foster & Motley Inc. trimmed its stake in shares of American Express Company (NYSE:AXP) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,647 shares of the payment services company’s stock after selling 40 shares during the period. Foster & Motley Inc.’s holdings in American Express were worth $525,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Capital Asset Advisory Services LLC increased its position in shares of American Express by 2.8% during the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock worth $384,000 after acquiring an additional 32 shares in the last quarter. DLK Investment Management LLC lifted its stake in American Express by 3.8% in the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after acquiring an additional 32 shares during the last quarter. Financial Engines Advisors L.L.C. lifted its stake in shares of American Express by 4.7% during the 1st quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock worth $208,000 after buying an additional 35 shares during the last quarter. Modern Wealth Management LLC lifted its stake in shares of American Express by 0.7% during the 1st quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock worth $1,324,000 after buying an additional 35 shares during the last quarter. Finally, Greenfield Savings Bank lifted its stake in shares of American Express by 0.3% during the 2nd quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock worth $4,184,000 after buying an additional 35 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Anna Marrs sold 5,500 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider owned 20,311 shares in the company, valued at approximately $6,312,049.47. The trade was a 21.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the completion of the transaction, the chief executive officer owned 92,810 shares in the company, valued at $30,614,306.60. This trade represents a 54.74% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 269,996 shares of company stock worth $85,261,270. Company insiders own 0.20% of the company’s stock.

American Express Price Performance

AXP stock opened at $346.45 on Monday. The company has a 50 day simple moving average of $325.64 and a 200 day simple moving average of $302.66. The stock has a market cap of $241.09 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 1.81 and a beta of 1.29. American Express Company has a 1 year low of $220.43 and a 1 year high of $349.19. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.71 and a quick ratio of 1.69.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. The business had revenue of $18.43 billion during the quarter, compared to analysts’ expectations of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Research analysts anticipate 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. Shareholders of record on Friday, October 10th will be issued 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 payout ratio is presently 22.01%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of American Express from $350.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Monness Crespi & Hardt lowered shares of American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. 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. 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 report on Tuesday, October 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of American Express in a report on Monday, July 14th. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $323.60.

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.