Cambiar Investors LLC Has $33.26 Million Stock Holdings in American Express Company $AXP

Cambiar Investors LLC trimmed its position in American Express Company (NYSE:AXP) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,267 shares of the payment services company’s stock after selling 4,318 shares during the period. Cambiar Investors LLC’s holdings in American Express were worth $33,259,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AXP. Nuveen LLC acquired a new stake in shares of American Express in the 1st quarter valued at approximately $1,454,667,000. Wellington Management Group LLP raised its position in shares of American Express by 13.7% in the 1st quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock valued at $4,849,777,000 after acquiring an additional 2,168,445 shares during the period. Goldman Sachs Group Inc. raised its position in shares of American Express by 25.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company’s stock valued at $1,278,711,000 after acquiring an additional 965,221 shares during the period. Provident Trust Co. increased its stake in American Express by 136.6% during the 2nd quarter. Provident Trust Co. now owns 1,108,971 shares of the payment services company’s stock worth $353,740,000 after purchasing an additional 640,214 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in American Express by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock worth $12,334,299,000 after purchasing an additional 605,900 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Stephen J. Squeri sold 112,272 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $30,614,306.60. This trade represents a 54.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laureen Seeger sold 61,721 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly owned 9,001 shares of the company’s stock, valued at $2,677,527.47. This represents a 87.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 222,011 shares of company stock valued at $70,725,044 in the last ninety days. 0.20% of the stock is currently owned by insiders.

American Express Price Performance

Shares of AXP opened at $360.70 on Friday. The stock has a market capitalization of $248.47 billion, a P/E ratio of 24.21, a P/E/G ratio of 1.90 and a beta of 1.29. American Express Company has a twelve month low of $220.43 and a twelve month high of $365.75. The company has a 50 day moving average of $335.65 and a 200-day moving average of $310.37. 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 issued its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.98 by $0.16. The company had revenue of $18.43 billion during the quarter, compared to analysts’ expectations of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, equities research analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently declared 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 (DPR) is currently 22.01%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley increased their target price on American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Barclays increased their target price on American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Wells Fargo & Company increased their target price on American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. HSBC set a $295.00 target price on American Express and gave the stock a “hold” rating in a research note on Friday, October 10th. Finally, Truist Financial increased their target price on American Express from $375.00 to $395.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Nine research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned 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 price target of $332.65.

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.