American Express Company $AXP is Rothschild & Co Wealth Management UK Ltd’s Largest Position

Rothschild & Co Wealth Management UK Ltd boosted its position in American Express Company (NYSE:AXP) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,815,114 shares of the payment services company’s stock after purchasing an additional 39,432 shares during the period. American Express makes up approximately 13.3% of Rothschild & Co Wealth Management UK Ltd’s investment portfolio, making the stock its biggest holding. Rothschild & Co Wealth Management UK Ltd owned approximately 0.40% of American Express worth $897,965,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of American Express by 24.4% in the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after purchasing an additional 1,273 shares during the last quarter. MainStreet Investment Advisors LLC grew its stake in American Express by 3.5% in the first quarter. MainStreet Investment Advisors LLC now owns 6,104 shares of the payment services company’s stock worth $1,642,000 after purchasing an additional 207 shares in the last quarter. Stonebrook Private Inc. grew its stake in American Express by 1.0% in the first quarter. Stonebrook Private Inc. now owns 5,568 shares of the payment services company’s stock worth $1,498,000 after purchasing an additional 55 shares in the last quarter. Round Rock Advisors LLC raised its position in American Express by 43.3% during the 1st quarter. Round Rock Advisors LLC now owns 2,414 shares of the payment services company’s stock valued at $649,000 after purchasing an additional 729 shares in the last quarter. Finally, Arcus Capital Partners LLC lifted its holdings in shares of American Express by 0.3% in the 1st quarter. Arcus Capital Partners LLC now owns 11,623 shares of the payment services company’s stock worth $3,127,000 after buying an additional 40 shares during the period. Institutional investors own 84.33% of the company’s stock.

Insider Activity at American Express

In other news, CEO Stephen J. Squeri sold 112,272 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the transaction, the chief executive officer owned 92,810 shares in the company, valued at $30,614,306.60. This represents a 54.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 sale, the insider owned 123,613 shares of the company’s stock, valued at $40,343,574.81. This trade represents a 15.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 193,292 shares of company stock worth $65,363,878 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AXP. Monness Crespi & Hardt lowered American Express from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. HSBC set a $295.00 target price on shares of American Express and gave the stock a “hold” rating in a report on Friday, October 10th. Keefe, Bruyette & Woods boosted their price target 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. Weiss Ratings upgraded shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of American Express in a report on Monday, July 14th. Nine 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. According to data from MarketBeat.com, American Express presently has an average rating of “Hold” and a consensus price target of $332.65.

American Express Stock Down 0.0%

NYSE:AXP opened at $365.74 on Friday. The company’s 50-day simple moving average is $338.99 and its 200-day simple moving average is $313.05. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $369.26. The stock has a market capitalization of $251.94 billion, a P/E ratio of 24.55, a P/E/G ratio of 1.90 and a beta of 1.27.

American Express (NYSE:AXP) last posted its earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates 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%. American Express’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, equities analysts anticipate that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors 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 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.