American Express Company $AXP Shares Acquired by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC increased its holdings in shares of American Express Company (NYSE:AXP) by 212.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,115 shares of the payment services company’s stock after buying an additional 30,698 shares during the period. American Express comprises approximately 1.5% of Teamwork Financial Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Teamwork Financial Advisors LLC’s holdings in American Express were worth $14,986,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Access Investment Management LLC acquired a new stake in shares of American Express in the second quarter valued at about $26,000. Briaud Financial Planning Inc acquired a new position in shares of American Express during the 2nd quarter worth about $26,000. Chung Wu Investment Group LLC purchased a new position in American Express in the 2nd quarter valued at about $37,000. Howard Hughes Medical Institute acquired a new stake in American Express in the 2nd quarter worth about $38,000. Finally, Solstein Capital LLC purchased a new stake in American Express during the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In related news, CMO Elizabeth Rutledge sold 50,000 shares of the stock in a transaction that occurred 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 transaction, the chief marketing officer owned 85,577 shares of the company’s stock, valued at approximately $30,825,691.17. This trade represents a 36.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Douglas Tabish sold 2,515 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the sale, the insider directly owned 2,515 shares in the company, valued at approximately $894,359.15. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 57,515 shares of company stock valued at $20,658,509 over the last 90 days. 0.20% of the stock is owned by insiders.

American Express Stock Performance

NYSE:AXP opened at $375.82 on Friday. The company’s 50-day moving average is $358.93 and its two-hundred day moving average is $330.45. American Express Company has a 1-year low of $220.43 and a 1-year high of $387.49. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. The firm has a market capitalization of $258.88 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 1.68 and a beta of 1.14.

American Express (NYSE:AXP) last released its quarterly earnings results 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. The firm had revenue of $17.14 billion for the quarter, compared to analyst estimates of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 2nd will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, January 2nd. American Express’s payout ratio is 22.01%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AXP shares. Wells Fargo & Company raised their target price on American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday. Morgan Stanley set a $370.00 price objective on American Express in a research note on Tuesday. Wall Street Zen cut shares of American Express from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. BTIG Research increased their target price on shares of American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research report on Friday, October 17th. Finally, Weiss Ratings lowered shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $334.30.

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.