Manchester Capital Management LLC Has $1.62 Million Holdings in American Express Company $AXP

Manchester Capital Management LLC decreased its position in American Express Company (NYSE:AXP) by 11.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,067 shares of the payment services company’s stock after selling 655 shares during the quarter. Manchester Capital Management LLC’s holdings in American Express were worth $1,616,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Access Investment Management LLC bought a new stake in American Express in the 2nd quarter valued at approximately $26,000. Briaud Financial Planning Inc bought a new stake in shares of American Express in the second quarter worth $26,000. Chung Wu Investment Group LLC acquired a new position in American Express during the second quarter worth $37,000. Solstein Capital LLC bought a new position in American Express in the second quarter valued at $39,000. Finally, Proffitt & Goodson Inc. acquired a new stake in American Express in the 2nd quarter valued at $41,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Express

In other American Express news, insider Douglas Tabish sold 2,515 shares of the stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total transaction of $894,359.15. Following the transaction, the insider owned 2,515 shares in the company, valued at $894,359.15. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Denise Pickett sold 5,000 shares of the business’s 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 completion of the sale, the insider directly owned 7,726 shares of the company’s stock, valued at approximately $2,709,739.98. The trade was a 39.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 193,292 shares of company stock worth $65,363,878. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AXP has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a research note on Wednesday, November 19th. HSBC set a $295.00 price target on American Express and gave the company a “hold” rating in a research note on Friday, October 10th. UBS Group boosted their price target on American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. DZ Bank raised shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 target price for the company in a research note on Tuesday, October 21st. Finally, JPMorgan Chase & Co. boosted their target price 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. Eight research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, American Express has a consensus rating of “Hold” and an average target price of $332.65.

American Express Stock Performance

NYSE AXP opened at $355.47 on Tuesday. The stock has a market cap of $244.86 billion, a PE ratio of 23.86, a P/E/G 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. The firm has a 50-day moving average of $345.98 and a 200-day moving average of $321.22. American Express Company has a 52-week low of $220.43 and a 52-week high of $377.23.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share 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 firm had revenue of $17.14 billion for the quarter, compared to analysts’ expectations of $18.03 billion. During the same period in the prior year, the firm earned $3.49 EPS. The business’s revenue 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, sell-side 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 was paid on Monday, November 10th. Investors of record on Friday, October 10th were paid a $0.82 dividend. The ex-dividend date was Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s payout ratio is 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.