Sei Investments Co. Sells 60,816 Shares of American Express Company $AXP

Sei Investments Co. decreased its position in shares of American Express Company (NYSE:AXP) by 18.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 268,241 shares of the payment services company’s stock after selling 60,816 shares during the quarter. Sei Investments Co.’s holdings in American Express were worth $85,568,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AXP. Briaud Financial Planning Inc purchased a new stake in American Express during the second quarter valued at about $26,000. Access Investment Management LLC purchased a new position in shares of American Express in the second quarter worth about $26,000. 1 North Wealth Services LLC bought a new stake in shares of American Express in the first quarter valued at approximately $37,000. Chung Wu Investment Group LLC bought a new stake in shares of American Express in the second quarter valued at approximately $37,000. Finally, Howard Hughes Medical Institute purchased a new stake in shares of American Express during the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insiders Place Their Bets

In other American Express news, insider Denise Pickett sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total value of $1,753,650.00. Following the completion of the transaction, the insider owned 7,726 shares of the company’s stock, valued at $2,709,739.98. The trade was a 39.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Elizabeth Rutledge sold 50,000 shares of the firm’s stock in a transaction 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 approximately $30,825,691.17. This trade represents a 36.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 57,515 shares of company stock valued at $20,658,509 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

American Express Price Performance

NYSE:AXP opened at $384.89 on Friday. American Express Company has a 52-week low of $220.43 and a 52-week high of $385.92. The stock has a fifty day moving average of $353.74 and a 200 day moving average of $327.43. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. The firm has a market capitalization of $265.13 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 1.69 and a beta of 1.14.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. The business had revenue of $17.14 billion for the quarter, compared to analyst estimates of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, research analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AXP. Keefe, Bruyette & Woods lifted their price objective on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Compass Point reiterated a “neutral” rating and issued a $324.00 price target on shares of American Express in a research report on Monday, October 20th. DZ Bank upgraded American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective on the stock in a research note on Tuesday, October 21st. Wells Fargo & Company raised their target price on American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Evercore ISI lifted their target price on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $332.65.

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.