Los Angeles Capital Management LLC Sells 69,191 Shares of American Express Company $AXP

Los Angeles Capital Management LLC trimmed its position in shares of American Express Company (NYSE:AXP) by 13.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 459,658 shares of the payment services company’s stock after selling 69,191 shares during the quarter. Los Angeles Capital Management LLC’s holdings in American Express were worth $146,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Briaud Financial Planning Inc bought a new stake in American Express during the 2nd quarter worth approximately $26,000. Access Investment Management LLC bought a new stake in shares of American Express during the second quarter worth $26,000. Hughes Financial Services LLC acquired a new stake in shares of American Express in the first quarter valued at $35,000. 1 North Wealth Services LLC acquired a new stake in shares of American Express in the first quarter valued at $37,000. Finally, Chung Wu Investment Group LLC bought a new position in shares of American Express in the second quarter valued at about $37,000. Institutional investors own 84.33% of the company’s stock.

Insider Activity

In other news, CMO Elizabeth Rutledge sold 50,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $360.21, for a total value of $18,010,500.00. Following the completion of the transaction, the chief marketing officer owned 85,577 shares of the company’s stock, valued at $30,825,691.17. The trade was a 36.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the firm’s 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 sale, the insider directly owned 123,613 shares in the company, valued at $40,343,574.81. The trade was a 15.98% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 193,292 shares of company stock valued at $65,363,878. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on AXP shares. UBS Group increased their price objective on shares of American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. HSBC set a $295.00 price target on shares of American Express and gave the company a “hold” rating in a research note on Friday, October 10th. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. BTIG Research increased their price objective on American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, American Express currently has an average rating of “Hold” and an average target price of $332.65.

American Express Stock Performance

AXP stock opened at $368.90 on Friday. American Express Company has a twelve month low of $220.43 and a twelve month high of $370.00. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The company has a market cap of $254.12 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. The business’s fifty day moving average is $339.73 and its 200-day moving average is $313.93.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 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 business had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same quarter in the prior year, the company posted $3.49 earnings per share. 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. Equities research analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s dividend payout ratio (DPR) 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.