American Express Company $AXP Shares Sold by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co trimmed its position in shares of American Express Company (NYSE:AXP) by 8.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,048 shares of the payment services company’s stock after selling 198 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in American Express were worth $653,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc acquired a new stake in shares of American Express in the second quarter valued at about $26,000. Access Investment Management LLC purchased a new stake in American Express during the 2nd quarter valued at about $26,000. 1 North Wealth Services LLC acquired a new stake in American Express in the 1st quarter valued at about $37,000. Chung Wu Investment Group LLC acquired a new stake in American Express in the 2nd quarter valued at about $37,000. Finally, Solstein Capital LLC acquired a new position in shares of American Express during the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Activity at American Express

In related news, CEO Stephen J. Squeri sold 112,272 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total value of $37,034,041.92. Following the transaction, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. This trade represents a 54.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Denise Pickett sold 5,000 shares of American Express stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the sale, the insider owned 7,726 shares in the company, valued at $2,709,739.98. This represents a 39.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 193,292 shares of company stock worth $65,363,878. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

AXP has been the subject of several recent research reports. BTIG Research increased their price target on American Express from $277.00 to $307.00 and gave the company a “sell” rating in a report on Friday, October 17th. Keefe, Bruyette & Woods raised their price objective on American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Evercore ISI boosted their target price on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price target on the stock in a research note on Tuesday, October 21st. Finally, JPMorgan Chase & Co. increased their price objective on American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, American Express has an average rating of “Hold” and a consensus target price of $332.65.

American Express Price Performance

Shares of AXP opened at $344.77 on Thursday. The stock’s 50 day moving average is $344.58 and its two-hundred day moving average is $319.40. American Express Company has a twelve month low of $220.43 and a twelve month high of $377.23. The firm has a market capitalization of $237.50 billion, a PE ratio of 23.14, a P/E/G ratio of 1.90 and a beta of 1.27. 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 posted 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 net margin of 14.97% and a return on equity of 33.41%. The company had revenue of $17.14 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same period last year, the firm earned $3.49 EPS. The company’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. Research analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, October 10th. American Express’s dividend payout ratio 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.