American Express Company $AXP Shares Acquired by Forum Financial Management LP

Forum Financial Management LP grew its stake in American Express Company (NYSE:AXP - Free Report) by 19.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,944 shares of the payment services company's stock after purchasing an additional 1,296 shares during the quarter. Forum Financial Management LP's holdings in American Express were worth $2,534,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AXP. Brighton Jones LLC raised its stake in shares of American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company's stock valued at $1,924,000 after purchasing an additional 1,273 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of American Express by 3.1% in the 1st quarter. GAMMA Investing LLC now owns 8,039 shares of the payment services company's stock valued at $2,163,000 after purchasing an additional 238 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of American Express in the 1st quarter valued at about $638,000. E&G Advisors LP raised its stake in American Express by 8.7% during the first quarter. E&G Advisors LP now owns 1,251 shares of the payment services company's stock worth $337,000 after acquiring an additional 100 shares during the period. Finally, Riverbend Wealth Management LLC raised its stake in American Express by 4.1% during the first quarter. Riverbend Wealth Management LLC now owns 4,036 shares of the payment services company's stock worth $1,086,000 after acquiring an additional 159 shares during the period. Institutional investors and hedge funds own 84.33% of the company's stock.

Insiders Place Their Bets

In related news, insider Anna Marrs sold 5,500 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total value of $1,709,235.00. Following the completion of the sale, the insider owned 20,311 shares in the company, valued at approximately $6,312,049.47. This represents a 21.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 completion of the sale, the insider owned 123,613 shares of the company's stock, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 269,996 shares of company stock worth $85,261,270 in the last quarter. Corporate insiders own 0.20% of the company's stock.

American Express Trading Down 1.0%

American Express stock opened at $351.68 on Thursday. The firm has a 50 day simple moving average of $328.64 and a 200-day simple moving average of $304.16. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.69. The stock has a market capitalization of $242.25 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.84 and a beta of 1.29. American Express Company has a 12-month low of $220.43 and a 12-month high of $357.73.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share (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 analysts' expectations of $18.03 billion. During the same period last year, the firm posted $3.49 earnings per share. The business's revenue was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, equities research analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. BTIG Research increased their price objective on shares of American Express from $277.00 to $307.00 and gave the stock a "sell" rating in a research note on Friday, October 17th. Morgan Stanley increased their price objective on shares of American Express from $311.00 to $362.00 and gave the stock an "equal weight" rating in a research note on Monday, September 29th. Monness Crespi & Hardt lowered shares of American Express from a "buy" rating to a "neutral" rating in a research note on Tuesday, July 15th. Weiss Ratings upgraded shares of American Express from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 8th. Finally, Citigroup reiterated a "neutral" rating and set a $327.00 price objective (up previously from $300.00) on shares of American Express in a research note on Wednesday, July 2nd. Nine analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $332.65.

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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