Focus Partners Advisor Solutions LLC Sells 4,034 Shares of American Express Company $AXP

Focus Partners Advisor Solutions LLC trimmed its holdings in shares of American Express Company (NYSE:AXP) by 47.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,554 shares of the payment services company’s stock after selling 4,034 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in American Express were worth $1,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Richards Merrill & Peterson Inc. grew its holdings in American Express by 16.6% during the 2nd quarter. Richards Merrill & Peterson Inc. now owns 2,500 shares of the payment services company’s stock worth $797,000 after acquiring an additional 355 shares in the last quarter. Sage Mountain Advisors LLC grew its holdings in American Express by 15.3% during the 2nd quarter. Sage Mountain Advisors LLC now owns 5,047 shares of the payment services company’s stock worth $1,610,000 after acquiring an additional 670 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of American Express by 0.8% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,594,663 shares of the payment services company’s stock valued at $508,666,000 after buying an additional 13,196 shares in the last quarter. West Michigan Advisors LLC boosted its holdings in shares of American Express by 4.0% in the 2nd quarter. West Michigan Advisors LLC now owns 1,273 shares of the payment services company’s stock valued at $406,000 after buying an additional 49 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in shares of American Express by 11.1% in the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 5,000 shares of the payment services company’s stock valued at $1,595,000 after buying an additional 500 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Performance

AXP opened at $357.29 on Monday. American Express Company has a 12-month low of $220.43 and a 12-month high of $362.32. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $246.12 billion, a PE ratio of 23.98, a P/E/G ratio of 1.86 and a beta of 1.29. The firm has a 50 day moving average of $330.62 and a two-hundred day moving average of $306.69.

American Express (NYSE:AXP) last posted 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 company had revenue of $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. During the same period last year, the firm posted $3.49 EPS. American Express’s revenue for the quarter 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, analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

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 issued 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 payout ratio is 22.01%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. BTIG Research raised their price target on shares of American Express from $277.00 to $307.00 and gave the company a “sell” rating in a report on Friday, October 17th. Wells Fargo & Company raised their price target on shares of American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Keefe, Bruyette & Woods lifted their target price on shares of American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Morgan Stanley lifted their target price on shares of American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of American Express in a research note on Friday. Nine investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $332.65.

Insider Activity

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the completion of the transaction, the insider directly owned 123,613 shares of the company’s stock, valued at $40,343,574.81. The trade was a 15.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laureen Seeger sold 61,721 shares of American Express stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $297.47, for a total transaction of $18,360,145.87. Following the transaction, the insider directly owned 9,001 shares of the company’s stock, valued at approximately $2,677,527.47. This trade represents a 87.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 277,511 shares of company stock worth $87,909,279. 0.20% of the stock is currently owned by corporate insiders.

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.