American Express Company $AXP Shares Bought by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC lifted its holdings in shares of American Express Company (NYSE:AXP) by 38.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,942 shares of the payment services company’s stock after buying an additional 9,776 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in American Express were worth $11,606,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AXP. Quotient Wealth Partners LLC grew its stake in American Express by 2.8% in the 3rd quarter. Quotient Wealth Partners LLC now owns 3,035 shares of the payment services company’s stock valued at $1,008,000 after acquiring an additional 83 shares during the period. Abound Wealth Management raised its position in American Express by 19.8% during the third quarter. Abound Wealth Management now owns 200 shares of the payment services company’s stock worth $67,000 after acquiring an additional 33 shares during the period. Perpetual Ltd lifted its holdings in American Express by 34.3% during the third quarter. Perpetual Ltd now owns 1,284 shares of the payment services company’s stock valued at $426,000 after purchasing an additional 328 shares in the last quarter. TradeWell Securities LLC. grew its position in shares of American Express by 21.6% in the third quarter. TradeWell Securities LLC. now owns 1,902 shares of the payment services company’s stock valued at $625,000 after purchasing an additional 338 shares during the period. Finally, Secure Asset Management LLC increased its stake in shares of American Express by 3.4% during the third quarter. Secure Asset Management LLC now owns 2,466 shares of the payment services company’s stock worth $810,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on AXP. Morgan Stanley set a $370.00 price target on shares of American Express in a research note on Tuesday. Weiss Ratings cut American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Barclays raised their target price on American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. JPMorgan Chase & Co. lifted their price target on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Finally, Evercore ISI increased their price objective on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Eight investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $334.30.

Insider Activity at American Express

In other news, CMO Elizabeth Rutledge sold 50,000 shares of the stock in a transaction that occurred 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 sale, the chief marketing officer owned 85,577 shares of the company’s stock, valued at $30,825,691.17. This represents a 36.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Douglas Tabish sold 2,515 shares of the 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 sale, the insider directly owned 2,515 shares of the company’s stock, valued at approximately $894,359.15. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 57,515 shares of company stock valued at $20,658,509. 0.20% of the stock is owned by company insiders.

American Express Price Performance

AXP stock opened at $376.40 on Friday. American Express Company has a 1 year low of $220.43 and a 1 year high of $387.49. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. The firm has a market capitalization of $259.28 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. The business has a 50 day simple moving average of $360.14 and a 200-day simple moving average of $331.01.

American Express (NYSE:AXP) last announced its quarterly earnings data 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 firm had revenue of $17.14 billion for the quarter, compared to the consensus estimate of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities research analysts anticipate that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 2nd will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. American Express’s dividend payout ratio is currently 22.01%.

American Express Company Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.