American Express Company (NYSE:AXP) Announces Quarterly Dividend of $0.82

Key Points

• American Express has declared a quarterly dividend of $0.82 per share, scheduled for payment on November 10th to shareholders recorded by October 10th, representing an annualized yield of 1.0%.
• The company reported a 9.3% increase in revenue year-over-year, totaling $17.86 billion for the latest quarter, exceeding analyst expectations.
• Insider selling has been noted, with executives such as Laureen Seeger and Anna Marrs selling shares, leading to a significant decrease in their holdings.

American Express Company (NYSE:AXP) declared a quarterly dividend on Wednesday, September 24th, RTT News reports. Shareholders of record on Friday, October 10th will be paid a dividend of 0.82 per share by the payment services company on Monday, November 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%.

American Express has a dividend payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect American Express to earn $17.60 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 18.6%.

American Express Trading Down 0.2%

Shares of AXP traded down $0.61 during mid-day trading on Wednesday, reaching $340.86. The company had a trading volume of 2,279,054 shares, compared to its average volume of 2,906,727. The stock has a market cap of $237.20 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. The firm has a fifty day simple moving average of $315.72 and a 200-day simple moving average of $294.34. American Express has a fifty-two week low of $220.43 and a fifty-two week high of $349.19. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 1.80.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The payment services company reported $4.08 earnings per share for the quarter, beating analysts' consensus estimates of $3.86 by $0.22. The company had revenue of $17.86 billion for the quarter, compared to analyst estimates of $17.70 billion. American Express had a net margin of 14.78% and a return on equity of 32.87%. American Express's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $3.49 EPS. On average, sell-side analysts anticipate that American Express will post 15.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Laureen Seeger sold 16,998 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total value of $5,011,520.34. Following the completion of the sale, the insider owned 9,001 shares of the company's stock, valued at approximately $2,653,764.83. The trade was a 65.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anna Marrs sold 5,500 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the sale, the insider directly owned 20,311 shares of the company's stock, valued at approximately $6,312,049.47. This represents a 21.31% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 269,996 shares of company stock worth $85,261,270. 0.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Express

Institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in American Express during the 2nd quarter valued at about $1,897,335,000. Nuveen LLC acquired a new position in American Express during the 1st quarter valued at about $1,454,667,000. Wellington Management Group LLP boosted its stake in American Express by 13.7% during the 1st 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 purchasing an additional 2,168,445 shares during the period. GAMMA Investing LLC boosted its stake in American Express by 27,625.2% during the 1st quarter. GAMMA Investing LLC now owns 2,162,846 shares of the payment services company's stock valued at $581,914,000 after purchasing an additional 2,155,045 shares during the period. Finally, Laurel Wealth Advisors LLC boosted its stake in American Express by 31,595.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,742,009 shares of the payment services company's stock valued at $555,666,000 after purchasing an additional 1,736,513 shares during the period. Institutional investors own 84.33% of the company's stock.

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.

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