American Express Company $AXP Shares Bought by Evelyn Partners Investment Management LLP

Evelyn Partners Investment Management LLP raised its position in American Express Company (NYSE:AXP) by 1,291.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,541 shares of the payment services company’s stock after purchasing an additional 6,071 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in American Express were worth $2,086,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AXP. Capital Asset Advisory Services LLC boosted its holdings in American Express by 2.8% in the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock valued at $384,000 after purchasing an additional 32 shares during the last quarter. DLK Investment Management LLC raised its position in shares of American Express by 3.8% in the 2nd quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after purchasing an additional 32 shares in the last quarter. PFG Advisors boosted its stake in shares of American Express by 0.7% during the 2nd quarter. PFG Advisors now owns 5,059 shares of the payment services company’s stock valued at $1,614,000 after buying an additional 34 shares during the last quarter. Financial Engines Advisors L.L.C. boosted its stake in American Express by 4.7% during the 1st quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock valued at $208,000 after acquiring an additional 35 shares during the last quarter. Finally, Modern Wealth Management LLC boosted its stake in American Express by 0.7% during the 1st quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock valued at $1,324,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

Shares of AXP opened at $352.95 on Friday. The business’s 50-day moving average is $345.41 and its 200-day moving average is $320.09. The company has a market capitalization of $243.13 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 1.90 and a beta of 1.27. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $377.23. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.16. The business had revenue of $17.14 billion during the quarter, compared to analyst estimates of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.American Express’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities research analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

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

Insider Activity

In related news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the transaction, the insider owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Elizabeth Rutledge sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the completion of the sale, the chief marketing officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 193,292 shares of company stock valued at $65,363,878. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on AXP. JPMorgan Chase & Co. increased their price objective on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research report on Wednesday. Barclays raised their price target on American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. BTIG Research boosted their price target on shares of American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research report on Friday, October 17th. Finally, Truist Financial raised their price objective on shares of American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Eight analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average 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.