HHM Wealth Advisors LLC Cuts Stock Position in American Express Company $AXP

HHM Wealth Advisors LLC reduced its stake in American Express Company (NYSE:AXP) by 16.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,210 shares of the payment services company’s stock after selling 243 shares during the quarter. HHM Wealth Advisors LLC’s holdings in American Express were worth $386,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Perennial Investment Advisors LLC grew its stake in shares of American Express by 3.9% during the 2nd quarter. Perennial Investment Advisors LLC now owns 2,159 shares of the payment services company’s stock worth $689,000 after acquiring an additional 81 shares during the period. PFG Private Wealth Management LLC increased its holdings in American Express by 5.3% during the 2nd quarter. PFG Private Wealth Management LLC now owns 887 shares of the payment services company’s stock worth $283,000 after acquiring an additional 45 shares during the period. MainStreet Investment Advisors LLC raised its position in shares of American Express by 2.4% in the second quarter. MainStreet Investment Advisors LLC now owns 6,253 shares of the payment services company’s stock worth $1,995,000 after buying an additional 149 shares in the last quarter. Empowered Funds LLC raised its stake in American Express by 22.5% in the second quarter. Empowered Funds LLC now owns 14,878 shares of the payment services company’s stock valued at $4,746,000 after purchasing an additional 2,737 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in American Express by 1.3% during the second quarter. Vanguard Group Inc. now owns 46,425,262 shares of the payment services company’s stock valued at $14,808,730,000 after purchasing an additional 581,369 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other 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 that occurred on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total value of $7,671,326.85. Following the transaction, the insider directly owned 123,613 shares in the company, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Elizabeth Rutledge sold 50,000 shares of American Express stock in a transaction on Friday, October 31st. The shares were sold at an average price of $360.21, for a total value of $18,010,500.00. Following the transaction, the chief marketing officer owned 85,577 shares in the company, valued at $30,825,691.17. This trade represents a 36.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 193,292 shares of company stock valued at $65,363,878 in the last 90 days. 0.20% of the stock is owned by insiders.

American Express Stock Down 0.2%

American Express stock opened at $340.63 on Wednesday. American Express Company has a 12 month low of $220.43 and a 12 month high of $377.23. The stock has a fifty day simple moving average of $344.15 and a two-hundred day simple moving average of $319.23. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. The firm has a market cap of $234.64 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 1.90 and a beta of 1.27.

American Express (NYSE:AXP) last released its quarterly earnings data 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 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 company earned $3.49 EPS. American Express’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. Equities analysts predict that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Friday, October 10th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, October 10th. American Express’s dividend payout ratio is 22.01%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AXP shares. Wells Fargo & Company upped their price objective on American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Barclays raised their price target on shares of American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Compass Point restated a “neutral” rating and set a $324.00 target price on shares of American Express in a report on Monday, October 20th. Wall Street Zen cut American Express from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, JPMorgan Chase & Co. increased their price objective on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Eight investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, American Express has an average 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.