American Express Company $AXP Stock Position Raised by Ethos Financial Group LLC

Ethos Financial Group LLC lifted its position in American Express Company (NYSE:AXP) by 27.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 927 shares of the payment services company’s stock after buying an additional 200 shares during the quarter. Ethos Financial Group LLC’s holdings in American Express were worth $296,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of American Express by 1.3% during the 1st 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 shares of American Express by 13.7% in the 1st quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock valued at $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 in the first quarter worth $1,454,667,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 buying an additional 78,538 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position 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 buying an additional 965,221 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Activity

In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at $30,614,306.60. This represents 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, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was 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. The trade was a 15.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 193,292 shares of company stock worth $65,363,878. Corporate insiders own 0.20% of the company’s stock.

American Express Price Performance

Shares of NYSE:AXP opened at $368.90 on Friday. The company has a market cap of $254.12 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.90 and a beta of 1.27. The business has a 50 day moving average price of $339.73 and a 200 day moving average price of $313.93. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. American Express Company has a twelve month low of $220.43 and a twelve month high of $370.00.

American Express (NYSE:AXP) last issued 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. American Express had a return on equity of 33.41% and a net margin of 14.97%.The company had revenue of $18.43 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same period in the previous year, the business posted $3.49 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Research analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, October 10th. American Express’s dividend payout ratio is presently 22.01%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AXP shares. DZ Bank raised American Express from a “sell” rating to a “hold” rating and set a $340.00 price target for the company in a research report on Tuesday, October 21st. Morgan Stanley raised their price objective on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Evercore ISI boosted their target price on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. Wall Street Zen raised American Express from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Barclays lifted their price target on shares of American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Nine investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $332.65.

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.