London & Capital Asset Management Ltd Boosts Stock Position in American Express Company $AXP

London & Capital Asset Management Ltd lifted its holdings in shares of American Express Company (NYSE:AXP) by 392.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,919 shares of the payment services company’s stock after buying an additional 85,992 shares during the quarter. American Express makes up approximately 2.6% of London & Capital Asset Management Ltd’s investment portfolio, making the stock its 13th largest position. London & Capital Asset Management Ltd’s holdings in American Express were worth $34,423,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB grew its holdings in shares of American Express by 2.2% during the second quarter. Nordea Investment Management AB now owns 2,267,377 shares of the payment services company’s stock worth $721,525,000 after buying an additional 49,593 shares in the last quarter. Dempze Nancy E boosted its position in American Express by 210.2% during the second quarter. Dempze Nancy E now owns 3,459 shares of the payment services company’s stock worth $1,103,000 after acquiring an additional 2,344 shares during the last quarter. Reliant Investment Management LLC grew its stake in American Express by 1.9% during the 2nd quarter. Reliant Investment Management LLC now owns 26,189 shares of the payment services company’s stock valued at $8,354,000 after acquiring an additional 480 shares in the last quarter. SLT Holdings LLC raised its holdings in American Express by 31.3% in the 2nd quarter. SLT Holdings LLC now owns 1,008 shares of the payment services company’s stock valued at $322,000 after acquiring an additional 240 shares during the last quarter. Finally, New York Life Investment Management LLC lifted its stake in American Express by 0.9% in the 2nd quarter. New York Life Investment Management LLC now owns 82,883 shares of the payment services company’s stock worth $26,438,000 after purchasing an additional 764 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Activity at American Express

In other American Express news, CMO Elizabeth Rutledge sold 50,000 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the sale, the chief marketing officer directly owned 85,577 shares in the company, valued at $30,825,691.17. This represents a 36.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas Tabish sold 2,515 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 57,515 shares of company stock worth $20,658,509. 0.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AXP has been the subject of a number of analyst reports. HSBC set a $295.00 price target on American Express and gave the company a “hold” rating in a research report on Friday, October 10th. Wolfe Research started coverage on American Express in a research note on Monday. They issued a “peer perform” rating for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of American Express in a research report on Monday, December 1st. UBS Group raised their price objective on shares of American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $332.65.

American Express Price Performance

Shares of AXP opened at $361.96 on Tuesday. The firm has a 50-day simple moving average of $351.09 and a two-hundred day simple moving average of $326.13. The stock has a market cap of $249.34 billion, a PE ratio of 24.29, a P/E/G ratio of 1.67 and a beta of 1.14. American Express Company has a 1-year low of $220.43 and a 1-year high of $377.23. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The firm had revenue of $17.14 billion during the quarter, compared to analysts’ expectations of $18.03 billion. During the same quarter last year, the company posted $3.49 EPS. The firm’s quarterly 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. As a group, 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 was paid on Monday, November 10th. Investors of record on Friday, October 10th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, October 10th. American Express’s payout ratio is currently 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.