American Express Company $AXP Shares Sold by Fire Capital Management LLC

Fire Capital Management LLC lessened its holdings in American Express Company (NYSE:AXP) by 0.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 9,427 shares of the payment services company’s stock after selling 53 shares during the period. American Express makes up 1.9% of Fire Capital Management LLC’s holdings, making the stock its 14th biggest holding. Fire Capital Management LLC’s holdings in American Express were worth $3,007,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Capital Asset Advisory Services LLC boosted its holdings in American Express by 2.8% in the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock worth $384,000 after acquiring an additional 32 shares in the last quarter. DLK Investment Management LLC boosted its holdings in American Express by 3.8% in the second 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 in the last quarter. Financial Engines Advisors L.L.C. boosted its holdings in American Express by 4.7% in the first quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock worth $208,000 after acquiring an additional 35 shares in the last quarter. Modern Wealth Management LLC boosted its holdings in American Express by 0.7% in the first quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock worth $1,324,000 after acquiring an additional 35 shares in the last quarter. Finally, Greenfield Savings Bank lifted its holdings in shares of American Express by 0.3% during the second quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock worth $4,184,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Trading Down 0.1%

Shares of NYSE:AXP opened at $361.41 on Wednesday. American Express Company has a 12-month low of $220.43 and a 12-month high of $362.84. The company has a market capitalization of $248.95 billion, a PE ratio of 24.26, a PEG ratio of 1.92 and a beta of 1.29. The business has a 50 day moving average of $332.81 and a two-hundred day moving average of $308.18. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. American Express had a return on equity of 33.41% and a net margin of 14.97%.The company had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same period in the previous year, the company posted $3.49 earnings per share. American Express’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. As a group, analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The business also recently declared 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 of this dividend 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 presently 22.01%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AXP. Keefe, Bruyette & Woods lifted their target price on American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. 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. Monness Crespi & Hardt downgraded American Express from a “buy” rating to a “neutral” rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. lifted their target price on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $332.65.

Insider Buying and Selling

In other American Express news, insider Douglas Tabish sold 2,515 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the transaction, the insider directly owned 2,515 shares of the company’s stock, valued at approximately $894,359.15. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 222,011 shares of company stock valued at $70,725,044 in the last three months. 0.20% of the stock is currently owned by company 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.