Buck Wealth Strategies LLC Invests $207,000 in American Express Company $AXP

Buck Wealth Strategies LLC bought a new position in American Express Company (NYSE:AXP) in the 2nd quarter, Holdings Channel reports. The firm bought 649 shares of the payment services company’s stock, valued at approximately $207,000.

Several other institutional investors have also recently made changes to their positions in AXP. Briaud Financial Planning Inc bought a new stake in American Express during the 2nd quarter valued at about $26,000. Chung Wu Investment Group LLC bought a new stake in American Express during the 2nd quarter valued at about $37,000. Solstein Capital LLC bought a new stake in American Express during the 2nd quarter valued at about $39,000. Hughes Financial Services LLC bought a new stake in American Express during the 1st quarter valued at about $35,000. Finally, Proffitt & Goodson Inc. bought a new stake in American Express during the 2nd quarter valued at about $41,000. Institutional investors own 84.33% of the company’s stock.

American Express Trading Down 0.8%

NYSE:AXP opened at $357.99 on Thursday. American Express Company has a one year low of $220.43 and a one year high of $362.84. 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 $246.60 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.92 and a beta of 1.29. The firm has a 50-day simple moving average of $333.81 and a 200-day simple moving average of $308.93.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business had revenue of $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. During the same quarter in the previous year, the business posted $3.49 EPS. The company’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. Equities analysts anticipate that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

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

Insider Transactions at American Express

In other news, 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 value of $18,360,145.87. Following the transaction, the insider owned 9,001 shares of the company’s stock, valued at $2,677,527.47. The trade was a 87.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 in the company, valued at approximately $40,343,574.81. The trade was a 15.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 222,011 shares of company stock worth $70,725,044. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AXP has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a report on Monday, July 14th. JPMorgan Chase & Co. lifted their price objective on shares of American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective for the company in a report on Tuesday, October 21st. William Blair reiterated an “outperform” rating on shares of American Express in a report on Wednesday, July 2nd. Finally, BTIG Research lifted their price objective 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. 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. Based on data from MarketBeat, the stock presently 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.