Simon Quick Advisors LLC Increases Holdings in American Express Company $AXP

Simon Quick Advisors LLC grew its holdings in shares of American Express Company (NYSE:AXP) by 19.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,807 shares of the payment services company’s stock after buying an additional 632 shares during the period. Simon Quick Advisors LLC’s holdings in American Express were worth $1,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Briaud Financial Planning Inc purchased a new stake in American Express during the 2nd quarter worth about $26,000. Hughes Financial Services LLC purchased a new stake in American Express during the 1st quarter worth about $35,000. 1 North Wealth Services LLC purchased a new stake in American Express during the 1st quarter worth about $37,000. Chung Wu Investment Group LLC purchased a new stake in American Express during the 2nd quarter worth about $37,000. Finally, Solstein Capital LLC acquired a new stake in shares of American Express during the second quarter worth about $39,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Stock Performance

Shares of AXP stock opened at $358.73 on Friday. The stock has a market capitalization of $247.11 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.90 and a beta of 1.29. American Express Company has a 52-week low of $220.43 and a 52-week high of $365.75. The stock’s 50-day moving average price is $334.81 and its 200 day moving average price is $309.27. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.16. The firm had revenue of $18.43 billion for the quarter, compared to analysts’ expectations of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, equities research analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

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

Insider Activity at American Express

In other American Express news, insider Laureen Seeger sold 61,721 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $297.47, for a total transaction of $18,360,145.87. Following the transaction, the insider owned 9,001 shares in the company, valued at approximately $2,677,527.47. The trade was a 87.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total value of $7,671,326.85. Following the transaction, the insider owned 123,613 shares in the company, valued at $40,343,574.81. The trade was a 15.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 222,011 shares of company stock worth $70,725,044 in the last three months. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a research report on Monday, July 14th. Monness Crespi & Hardt cut American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. Morgan Stanley lifted their target price on American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. UBS Group lifted their target price on American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings upgraded American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, American Express currently has an average rating of “Hold” and an average price target of $332.65.

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.