American Express Company $AXP Stock Holdings Lessened by Montag A & Associates Inc.

Montag A & Associates Inc. reduced its stake in American Express Company (NYSE:AXP) by 12.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,950 shares of the payment services company’s stock after selling 2,752 shares during the period. Montag A & Associates Inc.’s holdings in American Express were worth $6,364,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Nuveen LLC bought a new position in American Express during the 1st quarter worth $1,454,667,000. Wellington Management Group LLP lifted its stake in American Express by 13.7% in the first quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock valued at $4,849,777,000 after buying an additional 2,168,445 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of American Express by 25.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company’s stock valued at $1,278,711,000 after acquiring an additional 965,221 shares during the period. Provident Trust Co. boosted its holdings in shares of American Express by 136.6% during the second quarter. Provident Trust Co. now owns 1,108,971 shares of the payment services company’s stock valued at $353,740,000 after acquiring an additional 640,214 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of American Express by 1.3% during the first quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock worth $12,334,299,000 after acquiring an additional 605,900 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AXP has been the subject of several recent analyst reports. UBS Group upped their target price on shares of American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Truist Financial increased their price objective on American Express from $375.00 to $395.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Weiss Ratings cut American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Evercore ISI boosted their price target on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Finally, HSBC set a $295.00 price target on American Express and gave the stock a “hold” rating in a research note on Friday, October 10th. Eight research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $332.65.

Insider Activity at American Express

In other news, CMO Elizabeth Rutledge sold 50,000 shares of the business’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 sale, the chief marketing officer owned 85,577 shares in the company, valued at $30,825,691.17. The trade was a 36.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas Tabish sold 2,515 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $894,359.15. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 193,292 shares of company stock valued at $65,363,878. Corporate insiders own 0.20% of the company’s stock.

American Express Stock Performance

NYSE:AXP opened at $367.93 on Tuesday. The company has a 50-day moving average of $340.46 and a 200-day moving average of $315.45. The firm has a market cap of $253.45 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. 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 twelve month low of $220.43 and a twelve month high of $371.80.

American Express (NYSE:AXP) last released 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 business had revenue of $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, October 10th. American Express’s payout ratio is presently 22.01%.

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.