Tortoise Investment Management LLC Buys 395 Shares of American Express Company $AXP

Tortoise Investment Management LLC grew its position in American Express Company (NYSE:AXP) by 39.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,409 shares of the payment services company’s stock after buying an additional 395 shares during the quarter. Tortoise Investment Management LLC’s holdings in American Express were worth $449,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AXP. Briaud Financial Planning Inc bought a new stake in American Express during the 2nd quarter worth approximately $26,000. Access Investment Management LLC bought a new position in American Express in the 2nd quarter valued at $26,000. 1 North Wealth Services LLC bought a new stake in American Express in the first quarter worth about $37,000. Chung Wu Investment Group LLC purchased a new position in American Express in the second quarter valued at approximately $37,000. Finally, Solstein Capital LLC bought a new position in shares of American Express during the 2nd quarter worth $39,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Express

In related news, insider Denise Pickett sold 5,000 shares of the business’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 sale, the insider owned 7,726 shares in the company, valued at approximately $2,709,739.98. The trade was a 39.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Elizabeth Rutledge sold 50,000 shares of American Express stock in a transaction dated 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 completion of the transaction, the chief marketing officer directly owned 85,577 shares of the company’s stock, valued at approximately $30,825,691.17. This represents a 36.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 193,292 shares of company stock worth $65,363,878 in the last 90 days. Insiders own 0.20% of the company’s stock.

American Express Price Performance

Shares of American Express stock opened at $357.23 on Monday. American Express Company has a twelve month low of $220.43 and a twelve month high of $377.23. The firm has a market cap of $246.08 billion, a PE ratio of 24.00, a P/E/G ratio of 1.90 and a beta of 1.27. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The business has a 50-day moving average price of $343.50 and a 200 day moving average price of $318.27.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.98 by $0.16. The firm had revenue of $17.14 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 company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Sell-side analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, October 10th. American Express’s dividend payout ratio (DPR) is presently 22.01%.

Wall Street Analyst Weigh In

AXP has been the subject of a number of analyst reports. Wall Street Zen lowered American Express from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Keefe, Bruyette & Woods upped their price target on shares of American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Truist Financial lifted their price objective on American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Morgan Stanley raised their price target on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Finally, HSBC set a $295.00 price objective on shares of American Express and gave the stock a “hold” rating in a research report on Friday, October 10th. Eight 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’s stock. According to MarketBeat, the stock 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.