American Express (NYSE:AXP) Insider Sells $1,753,650.00 in Stock

Key Points

• Denise Pickett, an insider at American Express, sold 5,000 shares of the stock for a total of $1,753,650.00, reducing her holdings by 39.29%.
• American Express reported earnings exceeding expectations, with a $4.14 EPS, surpassing the consensus estimate of $3.98 and a revenue of $18.43 billion.
• The company announced a quarterly dividend of $0.82, which is set to be paid on November 10th, representing an annualized dividend yield of 0.9%.

American Express Company (NYSE:AXP) insider Denise Pickett sold 5,000 shares of American Express stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total value of $1,753,650.00. Following the completion of the sale, the insider directly owned 7,726 shares of the company's stock, valued at approximately $2,709,739.98. The trade was a 39.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

American Express Stock Performance

Shares of AXP traded up $2.36 during trading hours on Friday, hitting $357.29. The stock had a trading volume of 2,395,439 shares, compared to its average volume of 2,867,557. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.69. American Express Company has a 12 month low of $220.43 and a 12 month high of $362.32. The firm has a market capitalization of $246.12 billion, a PE ratio of 23.98, a PEG ratio of 1.83 and a beta of 1.29. The stock has a fifty day moving average price of $329.58 and a 200 day moving average price of $304.99.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.98 by $0.16. American Express had a return on equity of 33.41% and a net margin of 14.97%.The company had revenue of $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. During the same quarter in the previous year, the company posted $3.49 earnings per share. American Express's revenue was up 11.0% compared to the same quarter last year. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

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

Analyst Ratings Changes

Several research firms have issued reports on AXP. Weiss Ratings reissued a "buy (b-)" rating on shares of American Express in a report on Friday. Keefe, Bruyette & Woods boosted their price target on American Express from $371.00 to $394.00 and gave the company an "outperform" rating in a report on Wednesday, October 1st. Truist Financial boosted their price target on American Express from $375.00 to $395.00 and gave the company a "buy" rating in a report on Monday. Citigroup reissued a "neutral" rating and set a $327.00 price target (up previously from $300.00) on shares of American Express in a report on Wednesday, July 2nd. Finally, Wells Fargo & Company boosted their price target on American Express from $375.00 to $400.00 and gave the company an "overweight" rating in a report on Monday. Nine analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $332.65.

Hedge Funds Weigh In On American Express

Several large investors have recently made changes to their positions in AXP. Briaud Financial Planning Inc purchased a new position in shares of American Express in the second quarter valued at about $26,000. Access Investment Management LLC purchased a new stake in shares of American Express in the second quarter worth about $26,000. MorganRosel Wealth Management LLC purchased a new stake in shares of American Express in the first quarter worth about $29,000. Halbert Hargrove Global Advisors LLC lifted its position in shares of American Express by 210.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company's stock worth $29,000 after buying an additional 59 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new stake in shares of American Express in the first quarter worth about $35,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

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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