Invenio Wealth Partners LLC Makes New $238,000 Investment in American Express Company $AXP

Invenio Wealth Partners LLC acquired a new position in shares of American Express Company (NYSE:AXP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 747 shares of the payment services company’s stock, valued at approximately $238,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Briaud Financial Planning Inc acquired a new position in shares of American Express during the 2nd quarter valued at $26,000. Access Investment Management LLC purchased a new stake in American Express during the second quarter valued at about $26,000. 1 North Wealth Services LLC acquired a new position in American Express in the 1st quarter worth approximately $37,000. Chung Wu Investment Group LLC acquired a new stake in shares of American Express in the second quarter worth $37,000. Finally, Solstein Capital LLC purchased a new position in American Express during the 2nd quarter valued at about $39,000. Institutional investors own 84.33% of the company’s stock.

Insiders Place Their Bets

In other American Express news, insider Denise Pickett sold 5,000 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the sale, the insider directly owned 7,726 shares in the company, valued at $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Elizabeth Rutledge sold 50,000 shares of American Express stock in a transaction on Friday, October 31st. The shares were sold at an average price of $360.21, for a total value of $18,010,500.00. Following the completion of the transaction, the chief marketing officer owned 85,577 shares in the company, valued at approximately $30,825,691.17. The trade was a 36.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 193,292 shares of company stock valued at $65,363,878 in the last three months. Insiders own 0.20% of the company’s stock.

American Express Price Performance

NYSE AXP opened at $341.58 on Tuesday. The stock has a market cap of $235.30 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 1.90 and a beta of 1.27. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. American Express Company has a 52-week low of $220.43 and a 52-week high of $377.23. The business has a 50 day simple moving average of $343.83 and a 200 day simple moving average of $318.78.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The company had revenue of $17.14 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same period last year, the company earned $3.49 earnings per share. 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. Analysts anticipate that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, October 10th. American Express’s dividend payout ratio is currently 22.01%.

Analysts Set New Price Targets

AXP has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their price target on American Express from $371.00 to $375.00 and gave the company a “buy” rating in a report on Monday, July 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research note on Thursday. Keefe, Bruyette & Woods upped their target price on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Evercore ISI raised their price objective on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Finally, Wall Street Zen cut shares of American Express from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Eight analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.