PFC Capital Group Inc. Sells 165 Shares of American Express Company $AXP

PFC Capital Group Inc. lowered its position in American Express Company (NYSE:AXP) by 6.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,397 shares of the payment services company’s stock after selling 165 shares during the period. PFC Capital Group Inc.’s holdings in American Express were worth $764,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Access Investment Management LLC bought a new position in shares of American Express during the 2nd quarter valued at $26,000. Briaud Financial Planning Inc bought a new position in shares of American Express during the second quarter valued at about $26,000. Chung Wu Investment Group LLC purchased a new position in shares of American Express in the second quarter worth about $37,000. Solstein Capital LLC bought a new stake in shares of American Express in the 2nd quarter valued at about $39,000. Finally, Proffitt & Goodson Inc. purchased a new stake in American Express during the 2nd quarter valued at about $41,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Stock Performance

Shares of AXP stock opened at $352.95 on Monday. The firm has a market capitalization of $243.13 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.90 and a beta of 1.27. The stock has a fifty day moving average of $345.41 and a 200 day moving average of $320.71. American Express Company has a 52 week low of $220.43 and a 52 week high of $377.23. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP) last issued 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. The business had revenue of $17.14 billion during the quarter, compared to analyst estimates of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, research analysts expect that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AXP. JPMorgan Chase & Co. lifted their price target on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. UBS Group raised their target price on shares of American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Wall Street Zen lowered shares of American Express from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Morgan Stanley raised their price target on shares of American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Eight investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $332.65.

Insider Buying and Selling at American Express

In other news, insider Douglas Tabish sold 2,515 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the transaction, the insider owned 2,515 shares in the company, valued at $894,359.15. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Denise Pickett sold 5,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider directly owned 7,726 shares in the company, valued at approximately $2,709,739.98. The trade was a 39.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 193,292 shares of company stock worth $65,363,878. Insiders own 0.20% of the company’s stock.

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.