American Express Company $AXP is Laffer Tengler Investments Inc.’s 5th Largest Position

Laffer Tengler Investments Inc. cut its stake in shares of American Express Company (NYSE:AXP) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,273 shares of the payment services company’s stock after selling 3,224 shares during the quarter. American Express comprises approximately 2.9% of Laffer Tengler Investments Inc.’s investment portfolio, making the stock its 5th biggest holding. Laffer Tengler Investments Inc.’s holdings in American Express were worth $16,036,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AXP. Access Investment Management LLC purchased a new position in shares of American Express in the second quarter worth about $26,000. Briaud Financial Planning Inc acquired a new position in American Express in the 2nd quarter worth approximately $26,000. Chung Wu Investment Group LLC acquired a new position in American Express in the 2nd quarter worth approximately $37,000. Solstein Capital LLC purchased a new position in American Express during the 2nd quarter worth approximately $39,000. Finally, Hughes Financial Services LLC acquired a new stake in American Express during the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Up 0.9%

Shares of NYSE:AXP opened at $368.90 on Monday. American Express Company has a 1 year low of $220.43 and a 1 year high of $370.00. The firm has a market capitalization of $254.12 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. 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 business’s 50 day moving average price is $339.73 and its 200-day moving average price is $314.74.

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 the consensus estimate of $3.98 by $0.16. The company had revenue of $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.49 EPS. 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 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be given 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 is Friday, October 10th. American Express’s dividend payout ratio is 22.01%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AXP. Deutsche Bank Aktiengesellschaft increased their price objective on shares of American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Wall Street Zen cut American Express from a “buy” rating to a “hold” rating in a report on Sunday. Morgan Stanley raised their target price on American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Monness Crespi & Hardt cut American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. Finally, BTIG Research upped their price objective on American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research report on Friday, October 17th. Eight analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus price target of $332.65.

Insider Transactions at American Express

In other news, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total value of $37,034,041.92. Following the sale, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Douglas Tabish sold 2,515 shares of the stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the transaction, the insider directly owned 2,515 shares of the company’s stock, valued at approximately $894,359.15. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 193,292 shares of company stock worth $65,363,878 in the last three months. 0.20% of the stock is owned by corporate insiders.

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.