Retirement Planning Group LLC Raises Stock Position in American Express Company $AXP

Retirement Planning Group LLC raised its stake in shares of American Express Company (NYSE:AXP) by 10.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,817 shares of the payment services company’s stock after purchasing an additional 169 shares during the quarter. Retirement Planning Group LLC’s holdings in American Express were worth $579,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in shares of American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after buying an additional 1,273 shares during the period. GAMMA Investing LLC grew its position in shares of American Express by 3.1% in the 1st quarter. GAMMA Investing LLC now owns 8,039 shares of the payment services company’s stock worth $2,163,000 after buying an additional 238 shares during the period. Global Assets Advisory LLC purchased a new stake in shares of American Express in the 1st quarter worth about $638,000. E&G Advisors LP grew its position in shares of American Express by 8.7% in the 1st quarter. E&G Advisors LP now owns 1,251 shares of the payment services company’s stock worth $337,000 after buying an additional 100 shares during the period. Finally, Riverbend Wealth Management LLC grew its position in shares of American Express by 4.1% in the 1st quarter. Riverbend Wealth Management LLC now owns 4,036 shares of the payment services company’s stock worth $1,086,000 after buying an additional 159 shares during the period. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Express

In other American Express news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the transaction, the insider owned 123,613 shares in the company, valued at approximately $40,343,574.81. This represents a 15.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laureen Seeger sold 61,721 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were 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 $2,677,527.47. This represents a 87.27% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 269,996 shares of company stock worth $85,261,270. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating and issued a $327.00 target price (up from $300.00) on shares of American Express in a research report on Wednesday, July 2nd. BTIG Research upped their price target on shares of American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research note on Friday, October 17th. William Blair reiterated an “outperform” rating on shares of American Express in a research note on Wednesday, July 2nd. Truist Financial upped their price target on shares of American Express from $375.00 to $395.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Compass Point reiterated a “neutral” rating and issued a $324.00 price target on shares of American Express in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus target price of $332.65.

American Express Stock Performance

Shares of American Express stock opened at $351.68 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.69. The stock has a market cap of $242.25 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 1.84 and a beta of 1.29. The firm’s 50-day moving average is $328.64 and its 200 day moving average is $304.16. American Express Company has a 1 year low of $220.43 and a 1 year high of $357.73.

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, beating the consensus estimate of $3.98 by $0.16. The business had revenue of $18.43 billion for the quarter, compared to analysts’ expectations of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Sell-side analysts anticipate that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be paid 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 dividend 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.