Atria Investments Inc Has $15.61 Million Holdings in American Express Company $AXP

Atria Investments Inc cut its holdings in American Express Company (NYSE:AXP) by 8.3% in the second quarter, HoldingsChannel reports. The firm owned 48,933 shares of the payment services company’s stock after selling 4,400 shares during the period. Atria Investments Inc’s holdings in American Express were worth $15,609,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AXP. Vanguard Group Inc. lifted its holdings in American Express by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock worth $12,334,299,000 after purchasing an additional 605,900 shares during the last quarter. Wellington Management Group LLP grew its holdings in American Express by 13.7% during the first quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock valued at $4,849,777,000 after purchasing an additional 2,168,445 shares during the last quarter. Nuveen LLC bought a new position in shares of American Express in the first quarter valued at approximately $1,454,667,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of American Express by 1.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,093,807 shares of the payment services company’s stock worth $1,370,489,000 after buying an additional 78,538 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of American Express by 25.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company’s stock worth $1,278,711,000 after buying an additional 965,221 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other American Express news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction 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 completion of the transaction, the insider directly owned 123,613 shares in the company, valued at $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Douglas Tabish sold 2,515 shares of American Express stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total value of $894,359.15. Following 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 222,011 shares of company stock worth $70,725,044. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AXP. JPMorgan Chase & Co. boosted their target price on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. BTIG Research boosted their price objective on American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research report on Friday, October 17th. William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Wednesday, July 2nd. Compass Point reaffirmed a “neutral” rating and issued a $324.00 price target on shares of American Express in a research report on Monday, October 20th. Finally, UBS Group increased their price objective on American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Nine investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $332.65.

American Express Price Performance

Shares of NYSE:AXP opened at $357.99 on Thursday. The firm has a market capitalization of $246.60 billion, a PE ratio of 24.03, a PEG ratio of 1.92 and a beta of 1.29. 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 Company has a 1-year low of $220.43 and a 1-year high of $362.84. The business’s 50 day moving average is $333.81 and its 200-day moving average is $308.93.

American Express (NYSE:AXP) last issued its earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping the consensus estimate 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 $18.43 billion during the quarter, compared to analysts’ expectations of $18.03 billion. During the same period last year, the business earned $3.49 earnings per share. American Express’s quarterly revenue was up 11.0% compared to the same quarter last year. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Sell-side analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s 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.