American Express Company $AXP Shares Bought by Maj Invest Holding A S

Maj Invest Holding A S increased its stake in shares of American Express Company (NYSE:AXP) by 17.7% during the second quarter, HoldingsChannel.com reports. The fund owned 518,279 shares of the payment services company’s stock after purchasing an additional 78,058 shares during the period. American Express makes up 5.8% of Maj Invest Holding A S’s holdings, making the stock its 8th largest position. Maj Invest Holding A S’s holdings in American Express were worth $165,321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in shares of American Express by 24.4% in the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after purchasing an additional 1,273 shares during the period. GAMMA Investing LLC grew its stake in American Express by 3.1% in the 1st quarter. GAMMA Investing LLC now owns 8,039 shares of the payment services company’s stock valued at $2,163,000 after buying an additional 238 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in American Express by 8.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 95,443 shares of the payment services company’s stock worth $25,679,000 after acquiring an additional 7,822 shares during the period. Moser Wealth Advisors LLC lifted its position in American Express by 6.7% during the 1st quarter. Moser Wealth Advisors LLC now owns 2,483 shares of the payment services company’s stock worth $668,000 after acquiring an additional 157 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its holdings in American Express by 10.3% during the first quarter. JFS Wealth Advisors LLC now owns 1,592 shares of the payment services company’s stock valued at $428,000 after acquiring an additional 149 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AXP. Evercore ISI lifted their price objective on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Keefe, Bruyette & Woods lifted their price target on American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Compass Point reissued a “neutral” rating and issued a $324.00 price objective on shares of American Express in a research report on Monday. Truist Financial upped their target price on shares of American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research note on Monday. Finally, DZ Bank lowered shares of American Express from a “hold” rating to a “sell” rating in a research report on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $332.26.

American Express Stock Up 0.7%

AXP opened at $349.21 on Tuesday. The company has a market capitalization of $243.01 billion, a P/E ratio of 23.44, a P/E/G ratio of 1.81 and a beta of 1.29. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.71 and a quick ratio of 1.69. The firm’s fifty day moving average price is $326.69 and its two-hundred day moving average price is $303.47. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $350.22.

American Express (NYSE:AXP) last issued its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business had revenue of $18.43 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same period in the previous year, the business earned $3.49 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, analysts anticipate that American Express Company will post 15.33 EPS 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 given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, October 10th. American Express’s dividend payout ratio (DPR) is 22.01%.

Insiders Place Their Bets

In other American Express news, insider Laureen Seeger sold 16,998 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $294.83, for a total transaction of $5,011,520.34. Following the completion of the transaction, the insider directly owned 9,001 shares in the company, valued at $2,653,764.83. This represents a 65.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Glenda G. Mcneal sold 50,000 shares of American Express stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $309.50, for a total value of $15,475,000.00. Following the transaction, the insider directly owned 10,957 shares of the company’s stock, valued at approximately $3,391,191.50. The trade was a 82.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 269,996 shares of company stock worth $85,261,270 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

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.