Flagship Harbor Advisors LLC Purchases 2,051 Shares of American Express Company $AXP

Flagship Harbor Advisors LLC lifted its stake in American Express Company (NYSE:AXP) by 31.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,592 shares of the payment services company’s stock after acquiring an additional 2,051 shares during the period. Flagship Harbor Advisors LLC’s holdings in American Express were worth $2,741,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in AXP. Brighton Jones LLC lifted its position in American Express by 24.4% during the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after buying an additional 1,273 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in American Express by 1.0% during the 1st quarter. Koshinski Asset Management Inc. now owns 4,438 shares of the payment services company’s stock worth $1,194,000 after purchasing an additional 44 shares in the last quarter. Deseret Mutual Benefit Administrators increased its holdings in American Express by 24.8% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 635 shares of the payment services company’s stock worth $171,000 after purchasing an additional 126 shares in the last quarter. Mather Group LLC. boosted its position in American Express by 8.4% during the 1st quarter. Mather Group LLC. now owns 6,072 shares of the payment services company’s stock worth $1,634,000 after acquiring an additional 473 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of American Express by 13.3% in the first quarter. Vontobel Holding Ltd. now owns 43,705 shares of the payment services company’s stock valued at $11,759,000 after acquiring an additional 5,129 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Denise Pickett sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the completion of the sale, the insider directly owned 7,726 shares of the company’s stock, valued at $2,709,739.98. This trade represents a 39.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction dated 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 transaction, the insider owned 123,613 shares of the company’s stock, 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. In the last 90 days, insiders have sold 222,011 shares of company stock valued at $70,725,044. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AXP shares. DZ Bank raised American Express from a “sell” rating to a “hold” rating and set a $340.00 price target for the company in a report on Tuesday, October 21st. UBS Group increased their price target on shares of American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Barclays raised their price target on shares of American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Keefe, Bruyette & Woods increased their price objective on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Finally, Weiss Ratings upgraded shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $332.65.

American Express Stock Down 0.8%

Shares of NYSE AXP opened at $357.99 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. The company has a 50-day moving average price of $333.81 and a 200-day moving average price of $308.93. The stock has a market capitalization 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. American Express Company has a 1 year low of $220.43 and a 1 year high of $362.84.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping 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 firm had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same period in the prior year, the business posted $3.49 earnings per share. 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. On average, equities research analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date 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.