Biltmore Family Office LLC Sells 150 Shares of American Express Company $AXP

Biltmore Family Office LLC lessened its position in American Express Company (NYSE:AXP) by 19.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 627 shares of the payment services company’s stock after selling 150 shares during the quarter. Biltmore Family Office LLC’s holdings in American Express were worth $200,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Capital Asset Advisory Services LLC grew its position in American Express by 2.8% in the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock worth $384,000 after purchasing an additional 32 shares during the last quarter. DLK Investment Management LLC grew its position in American Express by 3.8% in the 2nd quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock worth $277,000 after purchasing an additional 32 shares during the last quarter. Financial Engines Advisors L.L.C. grew its position in American Express by 4.7% in the 1st quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock worth $208,000 after purchasing an additional 35 shares during the last quarter. Modern Wealth Management LLC grew its position 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 purchasing an additional 35 shares during the last quarter. Finally, Greenfield Savings Bank grew its position in American Express by 0.3% in the 2nd quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock worth $4,184,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Transactions at American Express

In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the transaction, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Denise Pickett sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the completion of the transaction, the insider owned 7,726 shares in the company, valued at approximately $2,709,739.98. This trade represents a 39.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 222,011 shares of company stock valued at $70,725,044. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AXP shares. Barclays raised their price target on shares of American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Keefe, Bruyette & Woods raised their price target on shares of American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Morgan Stanley raised their price target on shares of 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 raised their price target on shares of American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Finally, Evercore ISI raised their price objective on shares of American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. Nine analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $332.65.

American Express Price Performance

NYSE:AXP opened at $361.41 on Wednesday. The firm has a market cap of $248.95 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 1.92 and a beta of 1.29. American Express Company has a 12 month low of $220.43 and a 12 month high of $362.84. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The company’s 50-day moving average price is $332.81 and its two-hundred day moving average price is $308.18.

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, beating analysts’ consensus estimates of $3.98 by $0.16. The firm had revenue of $18.43 billion for the quarter, compared to analyst estimates of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period 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 anticipate that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

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

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.