Wealth Alliance LLC Buys 548 Shares of American Express Company $AXP

Wealth Alliance LLC lifted its position in American Express Company (NYSE:AXP) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,417 shares of the payment services company’s stock after acquiring an additional 548 shares during the quarter. Wealth Alliance LLC’s holdings in American Express were worth $1,728,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AXP. Capital Asset Advisory Services LLC lifted its holdings in shares of American Express by 2.8% during the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock worth $384,000 after acquiring an additional 32 shares during the last quarter. DLK Investment Management LLC boosted its holdings in shares of American Express by 3.8% during the 2nd quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after buying an additional 32 shares in the last quarter. PFG Advisors grew its holdings in American Express by 0.7% in the second quarter. PFG Advisors now owns 5,059 shares of the payment services company’s stock worth $1,614,000 after purchasing an additional 34 shares during the period. Financial Engines Advisors L.L.C. boosted its holdings in American Express by 4.7% in the first quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock worth $208,000 after acquiring an additional 35 shares in the last quarter. Finally, Modern Wealth Management LLC lifted its position in American Express by 0.7% in the 1st quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock valued at $1,324,000 after acquiring an additional 35 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Price Performance

AXP stock opened at $370.04 on Wednesday. American Express Company has a 1 year low of $220.43 and a 1 year high of $373.08. The stock’s 50 day moving average price is $341.23 and its 200 day moving average price is $316.19. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. The firm has a market cap of $254.90 billion, a P/E ratio of 24.83, 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 earnings per share for the quarter, beating 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 business had revenue of $18.43 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same period in the previous year, the company posted $3.49 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, sell-side analysts expect that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

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

Insider Transactions at American Express

In other American Express news, insider Douglas Tabish sold 2,515 shares of American Express stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total transaction of $894,359.15. Following the transaction, the insider owned 2,515 shares of the company’s stock, valued at $894,359.15. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Stephen J. Squeri sold 112,272 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the transaction, the chief executive officer directly owned 92,810 shares in the company, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 193,292 shares of company stock valued at $65,363,878 over the last three months. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AXP has been the subject of a number of analyst reports. Compass Point restated a “neutral” rating and issued a $324.00 price target on shares of American Express in a research report on Monday, October 20th. Keefe, Bruyette & Woods raised their price objective on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. 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 note on Tuesday, October 21st. Morgan Stanley raised their target price on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Finally, Wells Fargo & Company increased their price objective on American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Eight research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, American Express currently has an average rating of “Hold” and a consensus price target of $332.65.

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.