American Express Company $AXP Shares Sold by Inkwell Capital LLC

Inkwell Capital LLC lessened its stake in shares of American Express Company (NYSE:AXP) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,601 shares of the payment services company’s stock after selling 250 shares during the quarter. American Express makes up approximately 2.3% of Inkwell Capital LLC’s holdings, making the stock its 23rd largest holding. Inkwell Capital LLC’s holdings in American Express were worth $2,106,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Briaud Financial Planning Inc purchased a new position in shares of American Express in the 2nd quarter worth $26,000. Access Investment Management LLC acquired a new position in American Express during the 2nd quarter worth approximately $26,000. 1 North Wealth Services LLC purchased a new position in shares of American Express in the first quarter valued at $37,000. Chung Wu Investment Group LLC purchased a new position in American Express in the 2nd quarter valued at about $37,000. Finally, Solstein Capital LLC acquired a new stake in American Express during the 2nd quarter valued at approximately $39,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Express news, insider Douglas Tabish sold 2,515 shares of the company’s stock in a transaction 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 owned 2,515 shares in the company, valued at approximately $894,359.15. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the transaction, 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 193,292 shares of company stock valued at $65,363,878 over the last three months. 0.20% of the stock is owned by insiders.

American Express Stock Down 2.2%

Shares of AXP stock opened at $356.87 on Monday. The stock’s 50 day simple moving average is $343.50 and its 200 day simple moving average is $318.27. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. American Express Company has a twelve month low of $220.43 and a twelve month high of $377.23. The company has a market capitalization of $245.83 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 1.90 and a beta of 1.27.

American Express (NYSE:AXP) last released its 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 firm had revenue of $17.14 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same quarter last year, the firm posted $3.49 EPS. The company’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. As a group, research analysts predict that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Friday, October 10th were given a dividend of $0.82 per share. The ex-dividend date was Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. American Express’s payout ratio is presently 22.01%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. HSBC set a $295.00 price objective on American Express and gave the company a “hold” rating in a report on Friday, October 10th. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a research note on Thursday. Truist Financial raised their target price on shares of American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research note on Monday, October 20th. DZ Bank raised American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective on the stock in a research note on Tuesday, October 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Eight analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $332.65.

American Express 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.