International Assets Investment Management LLC Has $910,000 Stock Position in American Express Company $AXP

International Assets Investment Management LLC trimmed its holdings in shares of American Express Company (NYSE:AXP) by 11.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,852 shares of the payment services company’s stock after selling 387 shares during the period. International Assets Investment Management LLC’s holdings in American Express were worth $910,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealthstream Advisors Inc. purchased a new position in American Express in the second quarter valued at about $261,000. Schubert & Co grew its stake in American Express by 8.4% in the second quarter. Schubert & Co now owns 1,826 shares of the payment services company’s stock valued at $582,000 after purchasing an additional 142 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in American Express in the second quarter valued at about $15,534,000. Signature Estate & Investment Advisors LLC grew its stake in American Express by 3.4% in the second quarter. Signature Estate & Investment Advisors LLC now owns 2,309 shares of the payment services company’s stock valued at $737,000 after purchasing an additional 77 shares in the last quarter. Finally, Quotient Wealth Partners LLC grew its stake in American Express by 24.0% in the second quarter. Quotient Wealth Partners LLC now owns 2,952 shares of the payment services company’s stock valued at $942,000 after purchasing an additional 572 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Price Performance

NYSE AXP opened at $349.21 on Tuesday. American Express Company has a twelve month low of $220.43 and a twelve month high of $350.22. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.69 and a current ratio of 1.71. 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 stock has a 50-day simple moving average of $326.69 and a 200 day simple moving average of $303.47.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.98 by $0.16. American Express had a return on equity of 33.41% and a net margin of 14.97%.The business had revenue of $18.43 billion during the quarter, compared to analysts’ expectations of $18.03 billion. During the same quarter in the previous year, the firm earned $3.49 EPS. The firm’s 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. Research analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

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

Wall Street Analysts Forecast Growth

AXP has been the topic of a number of recent research reports. Morgan Stanley boosted their target price 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. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a research note on Monday, July 14th. DZ Bank downgraded American Express from a “hold” rating to a “sell” rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods upped their price target on American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Finally, Monness Crespi & Hardt downgraded American Express from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $332.26.

Insider Transactions at American Express

In other American Express news, insider Glenda G. Mcneal sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total value of $15,475,000.00. Following the completion of the transaction, the insider owned 10,957 shares of the company’s stock, valued at $3,391,191.50. This represents a 82.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Laureen Seeger sold 61,721 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $297.47, for a total value of $18,360,145.87. Following the completion of the transaction, the insider directly owned 9,001 shares of the company’s stock, valued at approximately $2,677,527.47. This trade represents a 87.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 269,996 shares of company stock worth $85,261,270. 0.20% of the stock is currently owned by company insiders.

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.