Signature Estate & Investment Advisors LLC Boosts Stake in American Express Company $AXP

Signature Estate & Investment Advisors LLC raised its holdings in shares of American Express Company (NYSE:AXP) by 3.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,309 shares of the payment services company’s stock after buying an additional 77 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in American Express were worth $737,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in American Express by 1.3% during the first quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock worth $12,334,299,000 after purchasing an additional 605,900 shares during the last quarter. Wellington Management Group LLP lifted its stake in American Express by 13.7% during the first quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock worth $4,849,777,000 after purchasing an additional 2,168,445 shares during the last quarter. Nuveen LLC bought a new stake in American Express during the first quarter worth about $1,454,667,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in American Express by 1.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,093,807 shares of the payment services company’s stock worth $1,370,489,000 after purchasing an additional 78,538 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in American Express by 25.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company’s stock worth $1,278,711,000 after purchasing an additional 965,221 shares during the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American Express

In related news, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Laureen Seeger sold 61,721 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $297.47, for a total value of $18,360,145.87. Following the transaction, the insider owned 9,001 shares in the company, valued at approximately $2,677,527.47. This represents a 87.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 269,996 shares of company stock worth $85,261,270 over the last 90 days. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AXP. Monness Crespi & Hardt lowered American Express from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. BTIG Research reaffirmed a “sell” rating on shares of American Express in a research note on Friday. DZ Bank lowered American Express from a “hold” rating to a “sell” rating in a research note on Monday, July 21st. Finally, Evercore ISI lifted their price target on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $323.60.

American Express Stock Up 7.2%

AXP opened at $346.45 on Monday. The company has a market cap of $241.09 billion, a P/E ratio of 23.25, a P/E/G ratio of 1.81 and a beta of 1.29. The business’s 50-day moving average price is $325.64 and its 200-day moving average price is $302.66. The company has a current ratio of 1.71, a quick ratio of 1.69 and a debt-to-equity ratio of 1.78. American Express Company has a 12 month low of $220.43 and a 12 month high of $349.19.

American Express (NYSE:AXP) last released its quarterly earnings data 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 firm had revenue of $18.43 billion for the quarter, compared to the consensus estimate of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, equities analysts expect 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 will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, October 10th. American Express’s payout ratio is currently 22.01%.

American Express 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.