American Express Company $AXP Shares Purchased by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC lifted its stake in American Express Company (NYSE:AXP) by 16.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,256 shares of the payment services company’s stock after acquiring an additional 323 shares during the period. Avidian Wealth Enterprises LLC’s holdings in American Express were worth $720,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Capital Asset Advisory Services LLC grew its holdings in shares of American Express by 2.8% during the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock valued at $384,000 after buying an additional 32 shares during the last quarter. DLK Investment Management LLC lifted its position in American Express by 3.8% during the 2nd quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock worth $277,000 after acquiring an additional 32 shares during the period. Financial Engines Advisors L.L.C. grew its stake in American Express by 4.7% during the 1st quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock valued at $208,000 after purchasing an additional 35 shares during the last quarter. Modern Wealth Management LLC grew its stake in American Express by 0.7% during the 1st quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock valued at $1,324,000 after purchasing an additional 35 shares during the last quarter. Finally, Greenfield Savings Bank increased its holdings in shares of American Express by 0.3% in the second quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock valued at $4,184,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Morgan Stanley lifted their target price on American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. UBS Group lifted their price objective on shares of American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. William Blair reissued an “outperform” rating on shares of American Express in a report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, Truist Financial lifted their price objective on American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research note on Monday. Nine analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus target price of $332.65.

American Express Trading Up 1.8%

Shares of American Express stock opened at $355.76 on Wednesday. The firm has a 50-day simple moving average of $327.75 and a two-hundred day simple moving average of $303.83. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.69 and a current ratio of 1.61. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $356.67. The company has a market cap of $245.06 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29.

American Express (NYSE:AXP) last announced its quarterly 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. The firm had revenue of $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.American Express’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, equities analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders 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 annualized dividend and a dividend yield of 0.9%. American Express’s dividend payout ratio (DPR) is 22.01%.

Insider Activity at American Express

In other news, insider Laureen Seeger sold 16,998 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total value of $5,011,520.34. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen J. Squeri sold 112,272 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the completion of the sale, the chief executive officer owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 269,996 shares of company stock worth $85,261,270 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

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.