First Command Advisory Services Inc. Buys 102 Shares of American Express Company $AXP

First Command Advisory Services Inc. raised its position in shares of American Express Company (NYSE:AXP) by 2.3% in the 2nd quarter, Holdings Channel reports. The firm owned 4,593 shares of the payment services company’s stock after acquiring an additional 102 shares during the period. First Command Advisory Services Inc.’s holdings in American Express were worth $1,465,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position 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 valued at $12,334,299,000 after purchasing an additional 605,900 shares in the last quarter. Wellington Management Group LLP raised its position 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 valued at $4,849,777,000 after purchasing an additional 2,168,445 shares in the last quarter. Nuveen LLC acquired a new position in American Express during the first quarter valued at approximately $1,454,667,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised 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 valued at $1,370,489,000 after purchasing an additional 78,538 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised 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 valued at $1,278,711,000 after purchasing an additional 965,221 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AXP shares. Evercore ISI boosted their price objective on shares of American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Barclays boosted their target price on shares of American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of American Express in a research note on Monday, July 14th. Citigroup reaffirmed a “neutral” rating and set a $327.00 target price (up previously from $300.00) on shares of American Express in a research note on Wednesday, July 2nd. Finally, Compass Point reaffirmed a “neutral” rating and set a $324.00 target price on shares of American Express in a research note on Monday, October 20th. Nine investment 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $332.65.

Insiders Place Their Bets

In related news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction 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 completion of the sale, the insider directly owned 123,613 shares in the company, valued at $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Douglas Tabish sold 2,515 shares of the stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the sale, the insider owned 2,515 shares of the company’s stock, valued at $894,359.15. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 277,511 shares of company stock valued at $87,909,279 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

American Express Stock Performance

Shares of American Express stock opened at $357.29 on Monday. The stock has a market cap of $246.12 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 1.86 and a beta of 1.29. American Express Company has a twelve month low of $220.43 and a twelve month high of $362.32. The company’s fifty day moving average is $330.62 and its 200 day moving average is $306.69. 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 (NYSE:AXP) last posted its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. The business had revenue of $18.43 billion during 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%.American Express’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Sell-side analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be issued a $0.82 dividend. 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 dividend payout ratio is presently 22.01%.

American Express Company 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.