Inceptionr LLC Invests $833,000 in American Express Company $AXP

Inceptionr LLC bought a new stake in American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,610 shares of the payment services company’s stock, valued at approximately $833,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Country Trust Bank lifted its position in American Express by 15.5% in the second quarter. Country Trust Bank now owns 119,888 shares of the payment services company’s stock valued at $38,242,000 after acquiring an additional 16,119 shares during the last quarter. Boston Partners increased its position in shares of American Express by 6.7% during the second quarter. Boston Partners now owns 2,088,642 shares of the payment services company’s stock worth $663,806,000 after purchasing an additional 130,858 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of American Express by 10.9% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 26,708 shares of the payment services company’s stock valued at $8,519,000 after purchasing an additional 2,626 shares during the last quarter. Elo Mutual Pension Insurance Co boosted its position in shares of American Express by 31.4% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 56,660 shares of the payment services company’s stock valued at $18,073,000 after purchasing an additional 13,534 shares during the period. Finally, Columbia Bank grew its stake in American Express by 12.9% during the 2nd quarter. Columbia Bank now owns 2,619 shares of the payment services company’s stock worth $830,000 after buying an additional 300 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AXP shares. Truist Financial boosted their price objective on American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research note on Monday, October 20th. UBS Group lifted their target price 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. Morgan Stanley increased their price target on shares of American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Barclays upped their target price on shares of American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Nine investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus target price of $332.65.

American Express Stock Up 0.4%

Shares of NYSE:AXP opened at $364.26 on Thursday. 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 quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The firm’s 50-day simple moving average is $347.25 and its 200-day simple moving average is $322.06. The company has a market cap of $250.92 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 1.90 and a beta of 1.27.

American Express (NYSE:AXP) last announced its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $18.03 billion. During the same quarter last year, the firm earned $3.49 earnings per share. The firm’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, equities research analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

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

Insider Transactions at American Express

In other American Express news, insider Denise Pickett sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were 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 approximately $2,709,739.98. The trade was a 39.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas Tabish sold 2,515 shares of the company’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total transaction of $894,359.15. Following the transaction, the insider directly owned 2,515 shares in the company, valued at approximately $894,359.15. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 193,292 shares of company stock valued at $65,363,878 in the last three months. Insiders own 0.20% of the company’s stock.

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.