FineMark National Bank & Trust Has $2.82 Million Stock Position in American Express Company $AXP

FineMark National Bank & Trust increased its holdings in American Express Company (NYSE:AXP) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,848 shares of the payment services company’s stock after acquiring an additional 504 shares during the period. FineMark National Bank & Trust’s holdings in American Express were worth $2,822,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AXP. Briaud Financial Planning Inc bought a new stake in American Express during the second quarter worth $26,000. Access Investment Management LLC bought a new stake in shares of American Express in the 2nd quarter worth $26,000. 1 North Wealth Services LLC purchased a new stake in shares of American Express in the first quarter valued at about $37,000. Chung Wu Investment Group LLC bought a new position in shares of American Express during the second quarter valued at about $37,000. Finally, Solstein Capital LLC purchased a new position in American Express during the second quarter worth about $39,000. 84.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AXP has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on shares of American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Keefe, Bruyette & Woods increased their price target on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. UBS Group boosted their price objective on American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. 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, Barclays raised their price objective on shares of American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Eight 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 company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $332.65.

Insider Buying and Selling

In related news, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the sale, the chief executive officer directly owned 92,810 shares in the company, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Elizabeth Rutledge sold 50,000 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $360.21, for a total value of $18,010,500.00. Following the sale, the chief marketing officer directly owned 85,577 shares in the company, valued at $30,825,691.17. This trade represents a 36.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 193,292 shares of company stock valued at $65,363,878 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

American Express Trading Up 1.2%

Shares of AXP opened at $344.77 on Thursday. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $377.23. The business has a 50-day moving average of $344.58 and a 200 day moving average of $319.40. The firm has a market cap of $237.50 billion, a P/E ratio of 23.14, 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 quick ratio of 1.59 and a current ratio of 1.61.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business had revenue of $17.14 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same period in the prior year, the firm earned $3.49 earnings per share. The company’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. As a group, research analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Friday, October 10th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, October 10th. American Express’s dividend payout ratio (DPR) is presently 22.01%.

American Express 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.