Western Wealth Management LLC Purchases 405 Shares of American Express Company $AXP

Western Wealth Management LLC increased its holdings in shares of American Express Company (NYSE:AXP) by 5.0% during the second quarter, Holdings Channel.com reports. The firm owned 8,473 shares of the payment services company’s stock after buying an additional 405 shares during the period. Western Wealth Management LLC’s holdings in American Express were worth $2,703,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AXP. Capital Asset Advisory Services LLC grew its stake in American Express by 2.8% during the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock worth $384,000 after buying an additional 32 shares during the last quarter. DLK Investment Management LLC increased its stake in American Express by 3.8% during the 2nd quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after purchasing an additional 32 shares in the last quarter. PFG Advisors lifted its stake in shares of American Express by 0.7% during the second quarter. PFG Advisors now owns 5,059 shares of the payment services company’s stock worth $1,614,000 after buying an additional 34 shares during the period. Financial Engines Advisors L.L.C. grew its holdings in shares of American Express by 4.7% during the first quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock valued at $208,000 after buying an additional 35 shares during the last quarter. Finally, Modern Wealth Management LLC raised its stake in American Express by 0.7% in the 1st quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock worth $1,324,000 after acquiring an additional 35 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Douglas Tabish sold 2,515 shares of the business’s 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 completion of the transaction, the insider directly owned 2,515 shares of the company’s stock, valued at $894,359.15. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Elizabeth Rutledge sold 50,000 shares of the stock in a transaction dated Friday, October 31st. The shares were 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 position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 193,292 shares of company stock valued at $65,363,878. 0.20% of the stock is owned by company insiders.

American Express Stock Up 0.0%

AXP stock opened at $357.23 on Monday. American Express Company has a one year low of $220.43 and a one year high of $377.23. The firm has a market cap of $246.08 billion, a PE ratio of 24.00, a PEG ratio of 1.90 and a beta of 1.27. The firm’s 50 day moving average price is $343.50 and its 200-day moving average price is $318.27. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61.

American Express (NYSE:AXP) last posted its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 $17.14 billion during the quarter, compared to analysts’ expectations of $18.03 billion. During the same quarter last year, the firm earned $3.49 earnings per share. The firm’s quarterly revenue 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. On average, equities research analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 10th. Shareholders 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 dividend yield of 0.9%. American Express’s payout ratio is 22.01%.

Analysts Set New Price Targets

AXP has been the topic of a number of recent research reports. Evercore ISI upped their target price on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a report on Thursday. JPMorgan Chase & Co. upped their price target on shares of American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Finally, BTIG Research boosted their price objective on American Express from $277.00 to $307.00 and gave the company a “sell” rating in a report on Friday, October 17th. Eight analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock 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.