American Express Company $AXP Position Reduced by Fiduciary Family Office LLC

Fiduciary Family Office LLC lessened its holdings in shares of American Express Company (NYSE:AXP) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,526 shares of the payment services company’s stock after selling 139 shares during the quarter. American Express makes up approximately 0.9% of Fiduciary Family Office LLC’s portfolio, making the stock its 17th largest holding. Fiduciary Family Office LLC’s holdings in American Express were worth $2,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AXP. MorganRosel Wealth Management LLC bought a new position in American Express during the first quarter valued at approximately $29,000. Hughes Financial Services LLC bought a new position in American Express during the first quarter valued at approximately $35,000. 1 North Wealth Services LLC bought a new position in American Express during the first quarter valued at approximately $37,000. Chung Wu Investment Group LLC bought a new position in American Express during the second quarter valued at approximately $37,000. Finally, Abound Financial LLC bought a new position in American Express during the first quarter valued at approximately $41,000. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

AXP has been the topic of several analyst reports. HSBC set a $295.00 price target on American Express and gave the company a “hold” rating in a report on Friday, October 10th. UBS Group increased their price target on American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Citigroup reiterated a “neutral” rating and set a $327.00 price target (up previously from $300.00) on shares of American Express in a report on Wednesday, July 2nd. Wells Fargo & Company increased their price target on American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a report on Monday. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a report on Monday, July 14th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, American Express presently has an average rating of “Hold” and an average target price of $332.26.

Insider Transactions at American Express

In related news, insider Anna Marrs sold 5,500 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total value of $1,709,235.00. Following the completion of the transaction, the insider directly owned 20,311 shares of the company’s stock, valued at $6,312,049.47. This trade represents a 21.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen J. Squeri sold 112,272 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the transaction, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. This trade represents a 54.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 269,996 shares of company stock valued at $85,261,270 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

American Express Trading Up 0.7%

Shares of American Express stock opened at $349.21 on Tuesday. The company’s fifty day simple moving average is $326.69 and its 200-day simple moving average is $303.47. The company has a market cap of $243.01 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.81 and a beta of 1.29. The company has a current ratio of 1.71, a quick ratio of 1.69 and a debt-to-equity ratio of 1.78. American Express Company has a 1 year low of $220.43 and a 1 year high of $350.22.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.16. The business had revenue of $18.43 billion for 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%. American Express’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, sell-side analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s dividend payout ratio (DPR) is 22.01%.

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.