American Express Company $AXP Stock Position Trimmed by Wedbush Securities Inc.

Wedbush Securities Inc. lessened its holdings in shares of American Express Company (NYSE:AXP) by 3.0% in the second quarter, HoldingsChannel reports. The fund owned 22,068 shares of the payment services company’s stock after selling 686 shares during the period. Wedbush Securities Inc.’s holdings in American Express were worth $7,039,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AXP. Brighton Jones LLC boosted its holdings in shares of American Express by 24.4% in the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after acquiring an additional 1,273 shares in the last quarter. Cerity Partners LLC lifted its position in American Express by 16.4% in the first quarter. Cerity Partners LLC now owns 177,648 shares of the payment services company’s stock worth $47,796,000 after purchasing an additional 24,966 shares during the period. MJP Associates Inc. ADV boosted its stake in American Express by 12.9% during the 1st quarter. MJP Associates Inc. ADV now owns 3,546 shares of the payment services company’s stock valued at $954,000 after purchasing an additional 404 shares in the last quarter. CFC Planning Co LLC boosted its stake in American Express by 10.1% during the 1st quarter. CFC Planning Co LLC now owns 15,220 shares of the payment services company’s stock valued at $4,095,000 after purchasing an additional 1,392 shares in the last quarter. Finally, Burford Brothers Inc. increased its position in shares of American Express by 3.0% during the 1st quarter. Burford Brothers Inc. now owns 3,734 shares of the payment services company’s stock valued at $1,005,000 after purchasing an additional 109 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the sale, the chief executive officer owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 directly owned 85,577 shares in the company, valued at approximately $30,825,691.17. The trade was a 36.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 193,292 shares of company stock worth $65,363,878. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price objective on American Express from $371.00 to $375.00 and gave the company a “buy” rating in a report on Monday, July 21st. Barclays raised their price objective on shares of American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Keefe, Bruyette & Woods lifted their price objective on shares of American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Monness Crespi & Hardt downgraded shares of American Express from a “buy” rating to a “neutral” rating in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of American Express from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Nine investment 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. According to data from MarketBeat, American Express presently has a consensus rating of “Hold” and an average target price of $332.65.

American Express Price Performance

Shares of NYSE:AXP opened at $368.90 on Friday. The company has a market cap of $254.12 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. American Express Company has a 12-month low of $220.43 and a 12-month high of $370.00. 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 company’s fifty day moving average is $339.73 and its two-hundred day moving average is $313.93.

American Express (NYSE:AXP) last issued its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (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 company had revenue of $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. During the same quarter last year, the business posted $3.49 EPS. The company’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. Equities analysts expect that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

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.