M&G PLC Buys 725 Shares of American Express Company $AXP

M&G PLC boosted its position in shares of American Express Company (NYSE:AXP) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 429,851 shares of the payment services company’s stock after acquiring an additional 725 shares during the period. M&G PLC owned approximately 0.06% of American Express worth $137,122,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms recently commented on AXP. Truist Financial raised their target price on American Express from $375.00 to $395.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Morgan Stanley boosted their price target on shares of American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Monness Crespi & Hardt cut shares of American Express from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. Evercore ISI increased their price target 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, Weiss Ratings lowered shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Eight analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $332.65.

American Express Stock Performance

Shares of NYSE:AXP opened at $370.04 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $254.90 billion, a P/E ratio of 24.83, a P/E/G ratio of 1.90 and a beta of 1.27. The business has a 50-day moving average price of $341.23 and a two-hundred day moving average price of $316.19. American Express Company has a 1-year low of $220.43 and a 1-year high of $373.08.

American Express (NYSE:AXP) last issued its earnings results on Friday, October 17th. The payment services company reported $4.14 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 company 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 company posted $3.49 EPS. The business’s revenue for the quarter 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. Equities analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were issued a dividend of $0.82 per share. The ex-dividend date was Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. American Express’s payout ratio is currently 22.01%.

Insider Transactions at American Express

In other American Express news, CMO Elizabeth Rutledge sold 50,000 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $360.21, for a total value of $18,010,500.00. Following the completion of the sale, the chief marketing officer directly owned 85,577 shares in the company, valued at $30,825,691.17. This represents a 36.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the insider directly owned 2,515 shares of the company’s stock, valued at $894,359.15. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 193,292 shares of company stock valued at $65,363,878. Corporate insiders own 0.20% of the company’s stock.

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.