One Day In July LLC Buys 46 Shares of American Express Company $AXP

One Day In July LLC boosted its stake in shares of American Express Company (NYSE:AXP) by 5.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 897 shares of the payment services company’s stock after purchasing an additional 46 shares during the quarter. One Day In July LLC’s holdings in American Express were worth $286,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AXP. Nuveen LLC bought a new stake in American Express during the first quarter worth approximately $1,454,667,000. Wellington Management Group LLP boosted its position in shares of American Express by 13.7% in the first quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock valued at $4,849,777,000 after acquiring an additional 2,168,445 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of American Express by 25.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company’s stock valued at $1,278,711,000 after acquiring an additional 965,221 shares during the period. Vanguard Group Inc. boosted its position in shares of American Express by 1.3% in the first quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock valued at $12,334,299,000 after acquiring an additional 605,900 shares during the period. Finally, Provident Trust Co. bought a new stake in shares of American Express in the first quarter valued at approximately $126,119,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. HSBC set a $295.00 price objective on American Express and gave the company a “hold” rating in a research report on Friday, October 10th. Royal Bank Of Canada reissued an “outperform” rating on shares of American Express in a research report on Monday, July 14th. UBS Group increased their price objective on American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Monness Crespi & Hardt cut American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. Finally, Compass Point reaffirmed a “neutral” rating and issued a $324.00 target price on shares of American Express in a research report on Monday, October 20th. Nine research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $332.65.

Insider Buying and Selling

In other American Express news, insider Laureen Seeger sold 16,998 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $294.83, for a total transaction of $5,011,520.34. Following the completion of the sale, the insider directly owned 9,001 shares of the company’s stock, valued at approximately $2,653,764.83. The trade was a 65.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Douglas Tabish sold 2,515 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 222,011 shares of company stock valued at $70,725,044 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

American Express Stock Down 0.8%

Shares of AXP stock opened at $357.99 on Thursday. The stock has a market cap of $246.60 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 1.92 and a beta of 1.29. American Express Company has a one year low of $220.43 and a one year high of $362.84. The stock has a fifty day moving average price of $333.81 and a 200 day moving average price of $308.93. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59.

American Express (NYSE:AXP) last issued 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 return on equity of 33.41% and a net margin of 14.97%.The company had revenue of $18.43 billion during the quarter, compared to analysts’ expectations of $18.03 billion. During the same period last year, the business earned $3.49 earnings per share. 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. Analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be paid a $0.82 dividend. The ex-dividend date is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. American Express’s dividend payout ratio (DPR) is 22.01%.

American Express Company 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.