Catalyst Capital Advisors LLC Sells 791 Shares of American Express Company $AXP

Catalyst Capital Advisors LLC lessened its position in American Express Company (NYSE:AXP) by 4.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 15,837 shares of the payment services company’s stock after selling 791 shares during the period. Catalyst Capital Advisors LLC’s holdings in American Express were worth $5,052,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AXP. Capital Asset Advisory Services LLC increased its holdings in 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 purchasing an additional 32 shares during the period. DLK Investment Management LLC increased its stake in shares of 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 buying an additional 32 shares during the period. Financial Engines Advisors L.L.C. increased its stake in shares of 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 buying an additional 35 shares during the period. Modern Wealth Management LLC increased its stake in shares of 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 buying an additional 35 shares during the period. Finally, Greenfield Savings Bank increased its stake in shares of 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 buying an additional 35 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Up 0.8%

Shares of AXP opened at $354.71 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. American Express Company has a 52 week low of $220.43 and a 52 week high of $357.73. The stock’s 50-day moving average price is $329.58 and its 200-day moving average price is $304.99. The company has a market capitalization of $244.34 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.83 and a beta of 1.29.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The firm had revenue of $18.43 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same period in the prior year, the firm posted $3.49 earnings per share. The firm’s quarterly 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 predict 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. Stockholders of record on Friday, October 10th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s dividend payout ratio is presently 22.01%.

Insider Buying and Selling at American Express

In other American Express news, insider Glenda G. Mcneal sold 50,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the transaction, the insider owned 10,957 shares in the company, valued at approximately $3,391,191.50. This represents a 82.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Laureen Seeger sold 16,998 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $294.83, for a total value of $5,011,520.34. Following the transaction, the insider owned 9,001 shares in the company, valued at $2,653,764.83. This represents a 65.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 269,996 shares of company stock worth $85,261,270. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on AXP. Monness Crespi & Hardt downgraded shares of American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. Citigroup reiterated a “neutral” rating and issued a $327.00 price target (up from $300.00) on shares of American Express in a report on Wednesday, July 2nd. Morgan Stanley lifted their price objective on shares of American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Deutsche Bank Aktiengesellschaft boosted their target price on American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, Barclays boosted their price target on American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Monday. Nine analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, American Express currently has a consensus rating of “Hold” and a consensus target price of $332.65.

About American Express

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.