TFB Advisors LLC Boosts Holdings in American Express Company $AXP

TFB Advisors LLC boosted its position in shares of American Express Company (NYSE:AXP) by 7.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 970 shares of the payment services company’s stock after buying an additional 67 shares during the quarter. TFB Advisors LLC’s holdings in American Express were worth $309,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AXP. Brighton Jones LLC boosted its stake in American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after buying an additional 1,273 shares during the period. GAMMA Investing LLC lifted its position in shares of American Express by 3.1% during the first quarter. GAMMA Investing LLC now owns 8,039 shares of the payment services company’s stock worth $2,163,000 after purchasing an additional 238 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of American Express during the first quarter worth $638,000. E&G Advisors LP lifted its position in shares of American Express by 8.7% during the first quarter. E&G Advisors LP now owns 1,251 shares of the payment services company’s stock worth $337,000 after purchasing an additional 100 shares during the last quarter. Finally, Riverbend Wealth Management LLC lifted its position in shares of American Express by 4.1% during the first quarter. Riverbend Wealth Management LLC now owns 4,036 shares of the payment services company’s stock worth $1,086,000 after purchasing an additional 159 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in 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 research report on Monday, September 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a research report on Monday, July 14th. Truist Financial lifted their target price on American Express from $375.00 to $395.00 and gave the stock a “buy” rating in a research report on Monday. Wells Fargo & Company lifted their target price on American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Citigroup restated a “neutral” rating and issued a $327.00 price objective (up from $300.00) on shares of American Express in a report on Wednesday, July 2nd. Nine 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $332.65.

American Express Stock Performance

AXP stock opened at $351.68 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.69. The business has a 50-day moving average price of $328.64 and a 200 day moving average price of $304.16. The company has a market capitalization of $242.25 billion, a P/E ratio of 23.60, a PEG ratio of 1.84 and a beta of 1.29. American Express Company has a 1-year low of $220.43 and a 1-year high of $357.73.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping 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 net margin of 14.97% and a return on equity of 33.41%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, equities research analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be issued a $0.82 dividend. The ex-dividend date is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. American Express’s payout ratio is currently 22.01%.

Insiders Place Their Bets

In other American Express news, insider Laureen Seeger sold 61,721 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $297.47, for a total value of $18,360,145.87. Following the completion of the transaction, the insider directly owned 9,001 shares in the company, valued at approximately $2,677,527.47. The trade was a 87.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 completion of the transaction, the insider owned 123,613 shares of the company’s stock, valued at $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 269,996 shares of company stock valued at $85,261,270 in the last three months. 0.20% of the stock is currently owned by insiders.

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.