American Express Company $AXP Shares Bought by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. increased its position in American Express Company (NYSE:AXP) by 23.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 51,810 shares of the payment services company’s stock after acquiring an additional 9,765 shares during the period. American Express makes up about 1.2% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its 21st largest position. Neville Rodie & Shaw Inc.’s holdings in American Express were worth $17,209,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Briaud Financial Planning Inc acquired a new stake in American Express in the 2nd quarter valued at about $26,000. Access Investment Management LLC bought a new stake in shares of American Express in the 2nd quarter worth approximately $26,000. 1 North Wealth Services LLC acquired a new stake in American Express during the first quarter valued at approximately $37,000. Chung Wu Investment Group LLC bought a new stake in American Express during the second quarter worth approximately $37,000. Finally, Howard Hughes Medical Institute bought a new stake in American Express during the second quarter worth approximately $38,000. Institutional investors own 84.33% of the company’s stock.

American Express Stock Down 0.7%

NYSE:AXP opened at $382.14 on Monday. The business’s fifty day moving average price is $354.78 and its 200 day moving average price is $328.59. The firm has a market capitalization of $263.23 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.72 and a beta of 1.14. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. American Express Company has a 1-year low of $220.43 and a 1-year high of $387.49.

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, topping analysts’ consensus estimates of $3.98 by $0.16. The firm 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%.The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, sell-side analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal 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 paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, October 10th. American Express’s dividend payout ratio is currently 22.01%.

Insiders Place Their Bets

In other American Express news, CMO Elizabeth Rutledge sold 50,000 shares of American Express stock in a transaction on Friday, October 31st. The shares were 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 owned 85,577 shares of the company’s stock, valued at $30,825,691.17. This trade represents a 36.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 completion of the transaction, the insider directly owned 2,515 shares in the company, valued at $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 sold a total of 57,515 shares of company stock worth $20,658,509 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AXP shares. Barclays increased their price objective on American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Morgan Stanley boosted their target price on American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Evercore ISI increased their price target on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Wolfe Research started coverage on American Express in a report on Monday, December 8th. They set a “peer perform” rating on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American Express in a research note on Monday, December 8th. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $332.65.

American Express Company 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.