Grantham Mayo Van Otterloo & Co. LLC Buys 4,406 Shares of American Express Company $AXP

Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of American Express Company (NYSE:AXP) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,601 shares of the payment services company’s stock after acquiring an additional 4,406 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in American Express were worth $23,796,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after buying an additional 1,273 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of American Express by 268.1% in the 1st quarter. GSA Capital Partners LLP now owns 3,699 shares of the payment services company’s stock worth $995,000 after acquiring an additional 2,694 shares in the last quarter. XTX Topco Ltd bought a new stake in American Express during the 1st quarter worth approximately $465,000. Davis R M Inc. increased its holdings in American Express by 109.3% during the 1st quarter. Davis R M Inc. now owns 1,532 shares of the payment services company’s stock valued at $412,000 after purchasing an additional 800 shares in the last quarter. Finally, Hoxton Planning & Management LLC bought a new position in American Express in the 1st quarter valued at $324,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AXP. HSBC set a $295.00 price objective on American Express and gave the stock a “hold” rating in a research note on Friday, October 10th. Wells Fargo & Company upped their price target on shares of American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Wall Street Zen lowered shares of American Express from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. DZ Bank upgraded American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective for the company in a research report on Tuesday, October 21st. Finally, Compass Point restated a “neutral” rating and set a $324.00 target price on shares of American Express in a research report on Monday, October 20th. Nine research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $332.65.

American Express Trading Up 0.6%

NYSE:AXP opened at $366.14 on Friday. 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 $377.23. The firm has a market capitalization of $252.22 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.90 and a beta of 1.27. The business’s 50-day moving average price is $348.21 and its two-hundred day moving average price is $322.82.

American Express (NYSE:AXP) last posted its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.16. The company had revenue of $17.14 billion during the quarter, compared to analyst estimates of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, equities analysts expect that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

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

Insider Buying and Selling

In related 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 value of $894,359.15. Following the completion of the sale, the insider owned 2,515 shares in the company, valued at $894,359.15. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Denise Pickett sold 5,000 shares of American Express stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total value of $1,753,650.00. Following the transaction, the insider owned 7,726 shares in the company, valued at approximately $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 193,292 shares of company stock valued at $65,363,878. 0.20% of the stock is owned by company insiders.

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.