American Express Company $AXP Shares Acquired by Dempze Nancy E

Key Points

• Dempze Nancy E increased its holdings in American Express by 210.2% during the second quarter, acquiring a total of 3,459 shares valued at approximately $1.1 million.
• American Express recently announced a quarterly dividend of $0.82 per share, with a payout scheduled for November 10th, representing an annualized dividend of $3.28 and a yield of 1.0%.
• The company reported $4.08 EPS for the last quarter, exceeding estimates, while analysts anticipate earnings will reach $15.33 EPS for the current fiscal year.

Dempze Nancy E grew its holdings in American Express Company (NYSE:AXP) by 210.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,459 shares of the payment services company's stock after acquiring an additional 2,344 shares during the period. Dempze Nancy E's holdings in American Express were worth $1,103,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new position in shares of American Express during the first quarter worth $1,454,667,000. Wellington Management Group LLP grew its stake in shares of American Express by 13.7% during the first quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company's stock worth $4,849,777,000 after purchasing an additional 2,168,445 shares in the last quarter. Goldman Sachs Group Inc. grew its stake 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 worth $1,278,711,000 after purchasing an additional 965,221 shares in the last quarter. Vanguard Group Inc. grew its stake 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 purchasing an additional 605,900 shares in the last quarter. Finally, Provident Trust Co. acquired a new position in shares of American Express during the first quarter worth $126,119,000. Institutional investors and hedge funds own 84.33% of the company's stock.

American Express Stock Down 1.3%

AXP stock opened at $323.86 on Thursday. The company's 50 day simple moving average is $321.23 and its 200-day simple moving average is $299.43. The firm has a market capitalization of $225.37 billion, a PE ratio of 22.73, a P/E/G ratio of 1.74 and a beta of 1.29. American Express Company has a 12 month low of $220.43 and a 12 month high of $349.19. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.61 and a quick ratio of 1.60.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, beating the consensus estimate of $3.86 by $0.22. The business 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%. The company's quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.49 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. American Express's dividend payout ratio is presently 23.02%.

Analyst Ratings Changes

A number of brokerages recently commented on AXP. Truist Financial boosted their target price on shares of American Express from $348.00 to $375.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. UBS Group boosted their price target on shares of American Express from $330.00 to $340.00 and gave the company a "neutral" rating in a research report on Tuesday. Royal Bank Of Canada reissued an "outperform" rating on shares of American Express in a research report on Monday, July 14th. Morgan Stanley boosted their price target on shares of American Express from $311.00 to $362.00 and gave the company an "equal weight" rating in a research report on Monday, September 29th. Finally, Wells Fargo & Company boosted their price target on shares of American Express from $350.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $323.55.

Insider Buying and Selling at American Express

In related news, insider Laureen Seeger sold 61,721 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $297.47, for a total transaction of $18,360,145.87. Following the transaction, the insider owned 9,001 shares of the company's stock, valued at approximately $2,677,527.47. This represents a 87.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the transaction, the insider directly owned 123,613 shares in the company, valued at $40,343,574.81. The trade was a 15.98% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 269,996 shares of company stock valued at $85,261,270. 0.20% of the stock is owned by corporate insiders.

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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