Jacobsen Capital Management Buys 102 Shares of American Express Company $AXP

Jacobsen Capital Management grew its position in American Express Company (NYSE:AXP) by 12.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 952 shares of the payment services company’s stock after acquiring an additional 102 shares during the period. Jacobsen Capital Management’s holdings in American Express were worth $304,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new position in shares of American Express during the first quarter worth $29,000. Hughes Financial Services LLC bought a new position in American Express during the 1st quarter worth $35,000. 1 North Wealth Services LLC bought a new position in American Express during the 1st quarter worth $37,000. Chung Wu Investment Group LLC acquired a new position in American Express during the 2nd quarter worth about $37,000. Finally, Abound Financial LLC bought a new stake in shares of American Express in the 1st quarter valued at about $41,000. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling

In related news, insider Laureen Seeger sold 61,721 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $297.47, for a total transaction of $18,360,145.87. Following the completion of the sale, the insider directly owned 9,001 shares of the company’s stock, valued at approximately $2,677,527.47. This trade represents a 87.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Glenda G. Mcneal sold 50,000 shares of the business’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total value of $15,475,000.00. Following the completion of the transaction, the insider directly owned 10,957 shares in the company, valued at approximately $3,391,191.50. This represents a 82.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 269,996 shares of company stock valued at $85,261,270 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

American Express Trading Up 1.8%

NYSE AXP opened at $355.76 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.69 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $245.06 billion, a P/E ratio of 23.88, a PEG ratio of 1.85 and a beta of 1.29. The business has a fifty day simple moving average of $327.75 and a 200 day simple moving average of $303.83. American Express Company has a 12 month low of $220.43 and a 12 month high of $356.67.

American Express (NYSE:AXP) last announced its 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. American Express had a net margin of 14.97% and a return on equity of 33.41%. The company had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same quarter in the prior year, the company posted $3.49 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, analysts predict that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, October 10th. American Express’s payout ratio is presently 22.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AXP shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of American Express in a research note on Monday, July 14th. Monness Crespi & Hardt cut shares of American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. Wells Fargo & Company lifted their price objective on American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday. Morgan Stanley boosted their price objective on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Finally, William Blair restated an “outperform” rating on shares of American Express in a research report on Wednesday, July 2nd. Nine equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.