FSM Wealth Advisors LLC Has $555,000 Stock Position in American Express Company $AXP

FSM Wealth Advisors LLC raised its stake in American Express Company (NYSE:AXP) by 121.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,720 shares of the payment services company’s stock after buying an additional 942 shares during the period. FSM Wealth Advisors LLC’s holdings in American Express were worth $555,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in American Express by 5.5% in the first quarter. Principal Financial Group Inc. now owns 680,308 shares of the payment services company’s stock valued at $183,037,000 after buying an additional 35,295 shares in the last quarter. Pinnacle Financial Partners Inc lifted its holdings in shares of American Express by 1.4% during the first quarter. Pinnacle Financial Partners Inc now owns 167,534 shares of the payment services company’s stock worth $45,243,000 after purchasing an additional 2,259 shares during the period. R Squared Ltd acquired a new position in shares of American Express during the first quarter worth $509,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of American Express by 6.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,458 shares of the payment services company’s stock worth $25,088,000 after purchasing an additional 5,693 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in shares of American Express by 15.8% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 8,787 shares of the payment services company’s stock worth $2,364,000 after purchasing an additional 1,199 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Transactions at American Express

In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the sale, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the completion of the sale, the insider directly owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 269,996 shares of company stock valued at $85,261,270. 0.20% of the stock is owned by insiders.

American Express Price Performance

AXP stock opened at $354.71 on Friday. The firm has a market cap of $244.34 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.83 and a beta of 1.29. The company has a quick ratio of 1.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. American Express Company has a 12-month low of $220.43 and a 12-month high of $357.73. The company’s fifty day simple moving average is $329.58 and its 200 day simple moving average is $304.99.

American Express (NYSE:AXP) last released its earnings results 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. 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 for the quarter, compared to analyst estimates of $18.03 billion. During the same quarter in the previous year, the business earned $3.49 earnings per share. American Express’s revenue for the quarter was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, analysts expect that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AXP. JPMorgan Chase & Co. lifted their price target on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Compass Point reiterated a “neutral” rating and set a $324.00 price target on shares of American Express in a report on Monday. Keefe, Bruyette & Woods lifted their price target on shares of American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. UBS Group boosted 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, Citigroup restated a “neutral” rating and issued a $327.00 target price (up previously from $300.00) on shares of American Express in a report on Wednesday, July 2nd. Nine 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $332.65.

About American Express

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.