American Express Company $AXP Position Lifted by Trillium Asset Management LLC

Trillium Asset Management LLC raised its stake in shares of American Express Company (NYSE:AXP) by 12.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,633 shares of the payment services company’s stock after acquiring an additional 284 shares during the quarter. Trillium Asset Management LLC’s holdings in American Express were worth $840,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AXP. Briaud Financial Planning Inc acquired a new stake in shares of American Express during the second quarter worth $26,000. Access Investment Management LLC acquired a new position in American Express during the 2nd quarter valued at about $26,000. Hughes Financial Services LLC acquired a new position in American Express during the 1st quarter valued at about $35,000. 1 North Wealth Services LLC bought a new position in shares of American Express during the 1st quarter valued at about $37,000. Finally, Chung Wu Investment Group LLC bought a new position in shares of American Express during the 2nd quarter valued at about $37,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, July 21st. HSBC set a $295.00 price objective on shares of American Express and gave the company a “hold” rating in a research report on Friday, October 10th. Monness Crespi & Hardt lowered shares of American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley raised their target price on shares of American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Nine investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $332.65.

American Express Price Performance

NYSE AXP opened at $365.95 on Thursday. The company has a 50 day simple moving average of $338.21 and a 200-day simple moving average of $312.69. 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 $252.09 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 1.90 and a beta of 1.29. American Express Company has a 52-week low of $220.43 and a 52-week high of $367.82.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. The business had revenue of $18.43 billion during 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 firm’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities research analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s dividend payout ratio (DPR) is presently 22.01%.

Insider Activity

In related news, CMO Elizabeth Rutledge sold 50,000 shares of the firm’s 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 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 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, 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 directly owned 123,613 shares in the company, valued at approximately $40,343,574.81. The trade was a 15.98% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.

American Express 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.