Lindsell Train Ltd Has $3.25 Million Stock Holdings in American Express Company $AXP

Lindsell Train Ltd lowered its stake in American Express Company (NYSE:AXP) by 12.1% during the second quarter, Holdings Channel.com reports. The fund owned 10,200 shares of the payment services company’s stock after selling 1,400 shares during the period. American Express accounts for approximately 0.1% of Lindsell Train Ltd’s holdings, making the stock its 15th largest holding. Lindsell Train Ltd’s holdings in American Express were worth $3,254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in American Express by 1.3% during the first quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock worth $12,334,299,000 after buying an additional 605,900 shares in the last quarter. Wellington Management Group LLP lifted its position in American Express by 13.7% during the first quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock worth $4,849,777,000 after purchasing an additional 2,168,445 shares during the period. Geode Capital Management LLC grew its stake in American Express by 11.1% during the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock worth $4,282,984,000 after buying an additional 1,349,746 shares in the last quarter. Nuveen LLC bought a new position in American Express in the 1st quarter valued at about $1,454,667,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of American Express by 1.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,093,807 shares of the payment services company’s stock valued at $1,370,489,000 after buying an additional 78,538 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling

In other news, insider Denise Pickett sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the sale, the insider directly owned 7,726 shares in the company, valued at $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 123,613 shares in the company, valued at approximately $40,343,574.81. The trade was a 15.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 193,292 shares of company stock worth $65,363,878 in the last quarter. 0.20% of the stock is currently owned by company insiders.

American Express Stock Performance

NYSE:AXP opened at $356.87 on Friday. The company has a market capitalization of $245.83 billion, a PE ratio of 23.95, a P/E/G ratio of 1.90 and a beta of 1.27. The company has a 50 day simple moving average of $343.50 and a two-hundred day simple moving average of $317.55. 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 $377.23.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) 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 firm had revenue of $17.14 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same quarter in the previous year, the company earned $3.49 EPS. The company’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. Research analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were given a $0.82 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s payout ratio is currently 22.01%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of American Express from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. BTIG Research increased their target price on shares of American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a report on Friday, October 17th. Evercore ISI lifted their price target on shares of American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. UBS Group raised their price objective on shares of American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $332.65.

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.