World Investment Advisors Raises Position in American Express Company $AXP

World Investment Advisors boosted its stake in American Express Company (NYSE:AXP) by 9.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,253 shares of the payment services company’s stock after buying an additional 638 shares during the period. World Investment Advisors’ holdings in American Express were worth $2,313,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Briaud Financial Planning Inc purchased a new stake in American Express in the second quarter worth about $26,000. Chung Wu Investment Group LLC purchased a new stake in American Express in the second quarter worth about $37,000. Solstein Capital LLC purchased a new stake in American Express in the second quarter worth about $39,000. Hughes Financial Services LLC purchased a new stake in American Express in the first quarter worth about $35,000. Finally, Proffitt & Goodson Inc. purchased a new stake in American Express in the second quarter worth about $41,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Price Performance

Shares of NYSE AXP opened at $358.73 on Friday. American Express Company has a twelve month low of $220.43 and a twelve month high of $365.75. The firm has a market cap of $247.11 billion, a P/E ratio of 24.08, a PEG ratio of 1.90 and a beta of 1.29. The company has a 50 day moving average of $334.81 and a 200 day moving average of $309.27. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share 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 in the previous year, the business earned $3.49 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, research analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be issued a $0.82 dividend. 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 payout ratio is presently 22.01%.

Insider Buying and Selling

In related news, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were 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 in the company, valued at $30,614,306.60. The trade was a 54.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas Tabish sold 2,515 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total transaction of $894,359.15. Following the completion of the transaction, the insider owned 2,515 shares of the company’s stock, valued at approximately $894,359.15. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 222,011 shares of company stock worth $70,725,044 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AXP shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods lifted their target price on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Wells Fargo & Company lifted their target price 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. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a report on Monday, July 14th. Finally, Truist Financial lifted their target price on shares of American Express from $375.00 to $395.00 and gave the company a “buy” rating in a report on Monday, October 20th. Nine analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $332.65.

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.