Warther Private Wealth LLC Sells 1,449 Shares of American Express Company $AXP

Warther Private Wealth LLC cut its holdings in shares of American Express Company (NYSE:AXP) by 34.0% during the second quarter, Holdings Channel.com reports. The fund owned 2,819 shares of the payment services company’s stock after selling 1,449 shares during the period. American Express accounts for approximately 0.2% of Warther Private Wealth LLC’s portfolio, making the stock its 25th largest position. Warther Private Wealth LLC’s holdings in American Express were worth $899,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in American Express by 5.5% during the first quarter. Principal Financial Group Inc. now owns 680,308 shares of the payment services company’s stock valued at $183,037,000 after acquiring an additional 35,295 shares during the period. Pinnacle Financial Partners Inc raised its holdings in American Express by 1.4% during the first quarter. Pinnacle Financial Partners Inc now owns 167,534 shares of the payment services company’s stock valued at $45,243,000 after acquiring an additional 2,259 shares during the period. R Squared Ltd bought a new stake in shares of American Express in the first quarter worth about $509,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of American Express by 6.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,458 shares of the payment services company’s stock worth $25,088,000 after purchasing an additional 5,693 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of American Express by 15.8% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 8,787 shares of the payment services company’s stock worth $2,364,000 after purchasing an additional 1,199 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

Insider Buying and Selling at American Express

In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the completion of the transaction, the chief executive officer owned 92,810 shares in the company, valued at $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Glenda G. Mcneal sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $309.50, for a total value of $15,475,000.00. Following the transaction, the insider owned 10,957 shares of the company’s stock, valued at $3,391,191.50. This trade represents a 82.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 269,996 shares of company stock valued at $85,261,270. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Truist Financial lifted their target price on American Express from $375.00 to $395.00 and gave the stock a “buy” rating in a report on Monday. Compass Point reaffirmed a “neutral” rating and issued a $324.00 target price on shares of American Express in a report on Monday. Citigroup reaffirmed a “neutral” rating and issued a $327.00 target price (up from $300.00) on shares of American Express in a report on Wednesday, July 2nd. BTIG Research lifted their target price on American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a report on Friday, October 17th. Finally, Monness Crespi & Hardt cut American Express from a “buy” rating to a “neutral” rating in a report on Tuesday, July 15th. Nine research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Express currently has a consensus rating of “Hold” and an average price target of $332.65.

American Express Trading Down 1.0%

AXP opened at $351.68 on Thursday. The firm has a market cap of $242.25 billion, a P/E ratio of 23.60, a P/E/G ratio of 1.84 and a beta of 1.29. American Express Company has a 12 month low of $220.43 and a 12 month high of $357.73. The company has a current ratio of 1.61, a quick ratio of 1.69 and a debt-to-equity ratio of 1.78. The stock has a 50-day moving average of $328.64 and a 200 day moving average of $304.16.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.98 by $0.16. The company had revenue of $18.43 billion during the quarter, compared to analyst estimates 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 was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, 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. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, October 10th. American Express’s payout ratio 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.