Carson Advisory Inc. Buys New Shares in American Express Company $AXP

Carson Advisory Inc. bought a new stake in American Express Company (NYSE:AXP) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 650 shares of the payment services company’s stock, valued at approximately $207,000.

Other institutional investors have also recently bought and sold shares of the company. Briaud Financial Planning Inc purchased a new stake in American Express in the second quarter valued at approximately $26,000. Chung Wu Investment Group LLC acquired a new position in American Express during the second quarter valued at approximately $37,000. Solstein Capital LLC acquired a new position in American Express during the second quarter valued at approximately $39,000. Hughes Financial Services LLC acquired a new position in American Express during the first quarter valued at approximately $35,000. Finally, Proffitt & Goodson Inc. acquired a new position in American Express during the second quarter valued at approximately $41,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 shares were 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. This represents a 15.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Laureen Seeger sold 61,721 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $297.47, for a total transaction of $18,360,145.87. Following the transaction, the insider owned 9,001 shares in the company, valued at $2,677,527.47. This trade represents a 87.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 222,011 shares of company stock valued at $70,725,044. Corporate insiders own 0.20% of the company’s stock.

American Express Price Performance

Shares of AXP stock opened at $360.70 on Friday. The company has a market capitalization of $248.47 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 1.90 and a beta of 1.29. The firm has a fifty day simple moving average of $335.65 and a 200-day simple moving average of $310.37. 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 twelve month low of $220.43 and a twelve month high of $365.75.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.16. The business had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be paid a $0.82 dividend. The ex-dividend date is Friday, October 10th. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. American Express’s dividend payout ratio is 22.01%.

Analysts Set New Price Targets

A number of research analysts have weighed in on AXP shares. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. BTIG Research lifted their price target on shares of American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research report on Friday, October 17th. HSBC set a $295.00 price target on shares of American Express and gave the company a “hold” rating in a research report on Friday, October 10th. Wells Fargo & Company lifted their price target on shares of American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Morgan Stanley lifted their price target on shares of American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Nine analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.