Seizert Capital Partners LLC Decreases Holdings in American Express Company $AXP

Seizert Capital Partners LLC cut its holdings in American Express Company (NYSE:AXP) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,248 shares of the payment services company’s stock after selling 932 shares during the period. Seizert Capital Partners LLC’s holdings in American Express were worth $7,416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AXP. Nuveen LLC purchased a new position in shares of American Express in the first quarter worth $1,454,667,000. Wellington Management Group LLP grew its holdings in 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 worth $4,849,777,000 after acquiring an additional 2,168,445 shares during the last quarter. Geode Capital Management LLC increased its position in shares of American Express by 11.1% in the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock valued at $4,282,984,000 after acquiring an additional 1,349,746 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of 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 valued at $1,278,711,000 after acquiring an additional 965,221 shares during the last quarter. Finally, Provident Trust Co. boosted its holdings in shares of American Express by 136.6% during the second quarter. Provident Trust Co. now owns 1,108,971 shares of the payment services company’s stock worth $353,740,000 after purchasing an additional 640,214 shares during the period. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In related news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total value of $7,671,326.85. Following the sale, the insider owned 123,613 shares in the company, valued at $40,343,574.81. This represents a 15.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Stephen J. Squeri sold 112,272 shares of American Express 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 transaction, the chief executive officer owned 92,810 shares of the company’s stock, valued at $30,614,306.60. The trade was a 54.74% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 193,292 shares of company stock valued at $65,363,878. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of research analyst reports. UBS Group boosted their price target on American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a research note on Thursday, November 13th. DZ Bank upgraded American Express from a “sell” rating to a “hold” rating and set a $340.00 target price for the company in a report on Tuesday, October 21st. Wall Street Zen cut shares of American Express from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $332.65.

American Express Price Performance

Shares of AXP stock opened at $340.63 on Wednesday. The business’s fifty day moving average is $344.15 and its 200 day moving average is $319.23. 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 stock has a market cap of $234.64 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 1.90 and a beta of 1.27. American Express Company has a twelve month low of $220.43 and a twelve month high of $377.23.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, beating 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 business had revenue of $17.14 billion during the quarter, compared to analyst estimates of $18.03 billion. During the same quarter last year, the firm posted $3.49 earnings per share. 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 expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, October 10th. American Express’s dividend 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.