First Horizon Advisors Inc. Sells 3,054 Shares of American Express Company $AXP

First Horizon Advisors Inc. lowered its position in American Express Company (NYSE:AXP) by 25.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,737 shares of the payment services company’s stock after selling 3,054 shares during the quarter. First Horizon Advisors Inc.’s holdings in American Express were worth $2,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AXP. Brighton Jones LLC grew its position in shares of 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. U.S. Capital Wealth Advisors LLC grew its holdings in American Express by 15.8% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 8,787 shares of the payment services company’s stock worth $2,364,000 after acquiring an additional 1,199 shares in the last quarter. Flossbach Von Storch SE grew its holdings in American Express by 0.4% during the 1st quarter. Flossbach Von Storch SE now owns 99,992 shares of the payment services company’s stock worth $26,903,000 after acquiring an additional 439 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of American Express by 8.1% during the first quarter. Linden Thomas Advisory Services LLC now owns 14,146 shares of the payment services company’s stock valued at $3,806,000 after purchasing an additional 1,065 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in shares of American Express by 0.8% during the first quarter. Cornerstone Planning Group LLC now owns 5,236 shares of the payment services company’s stock valued at $1,362,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

AXP has been the topic of several recent research reports. BTIG Research increased their target price on American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research report on Friday, October 17th. HSBC set a $295.00 price objective on American Express and gave the company a “hold” rating in a research report on Friday, October 10th. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Monness Crespi & Hardt cut shares of American Express from a “buy” rating to a “neutral” rating in a report on Tuesday, July 15th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of American Express in a report on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $332.65.

American Express Trading Up 1.5%

NYSE:AXP opened at $365.95 on Thursday. American Express Company has a 12 month low of $220.43 and a 12 month high of $367.82. The firm has a fifty day simple moving average of $338.21 and a 200-day simple moving average of $312.69. 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 company has a market capitalization of $252.09 billion, a P/E ratio of 24.56, a PEG ratio of 1.90 and a beta of 1.29.

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

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders 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 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 at American Express

In related news, insider Douglas Tabish sold 2,515 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total transaction of $894,359.15. Following the completion of the transaction, the insider directly owned 2,515 shares in the company, valued at $894,359.15. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Elizabeth Rutledge sold 50,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the transaction, the chief marketing officer owned 85,577 shares of the company’s stock, valued at $30,825,691.17. This represents a 36.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 193,292 shares of company stock worth $65,363,878. Corporate insiders own 0.20% of the company’s stock.

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.