Journey Advisory Group LLC Purchases 384 Shares of American Express Company $AXP

Journey Advisory Group LLC raised its position in shares of American Express Company (NYSE:AXP) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,995 shares of the payment services company’s stock after purchasing an additional 384 shares during the period. Journey Advisory Group LLC’s holdings in American Express were worth $4,464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Capital Asset Advisory Services LLC grew its holdings in American Express by 2.8% during the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock valued at $384,000 after purchasing an additional 32 shares during the period. DLK Investment Management LLC grew its holdings in American Express by 3.8% during the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after purchasing an additional 32 shares during the period. Financial Engines Advisors L.L.C. grew its holdings in American Express by 4.7% during the first quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock valued at $208,000 after purchasing an additional 35 shares during the period. Modern Wealth Management LLC grew its holdings in American Express by 0.7% during the first quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock valued at $1,324,000 after purchasing an additional 35 shares during the period. Finally, Greenfield Savings Bank grew its holdings in American Express by 0.3% during the second quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock valued at $4,184,000 after purchasing an additional 35 shares during the period. 84.33% of the stock is owned by institutional investors.

Insider Activity at American Express

In related news, insider Anna Marrs sold 5,500 shares of American Express stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the completion of the sale, the insider owned 20,311 shares of the company’s stock, valued at approximately $6,312,049.47. This trade represents a 21.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the sale, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at $30,614,306.60. This represents a 54.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 269,996 shares of company stock valued at $85,261,270 in the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

American Express Price Performance

NYSE:AXP opened at $346.45 on Monday. The firm has a market capitalization of $241.09 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 1.81 and a beta of 1.29. American Express Company has a 52-week low of $220.43 and a 52-week high of $349.19. The stock has a fifty day moving average of $325.64 and a 200 day moving average of $302.66. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.69 and a current ratio of 1.71.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.16. The company had revenue of $18.43 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 firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, research analysts expect 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 will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s dividend payout ratio (DPR) is currently 22.01%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on American Express from $371.00 to $375.00 and gave the company a “buy” rating in a report on Monday, July 21st. Truist Financial raised their price target on American Express from $348.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 15th. JPMorgan Chase & Co. raised their price target on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. BTIG Research reaffirmed a “sell” rating on shares of American Express in a report on Friday. Finally, William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Wednesday, July 2nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $323.60.

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.