American Express Company $AXP Shares Bought by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. increased its stake in American Express by 1.3%, owning a total of 342,255 shares valued at approximately $109.17 million.
• Several institutional investors have boosted their holdings in American Express, with AlTi Global Inc. seeing the largest increase at 247.7%.
• American Express announced a quarterly dividend of $0.82, representing a 0.9% yield, set to be paid on November 10th to shareholders of record.

Asset Management One Co. Ltd. grew its position in shares of American Express Company (NYSE:AXP) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 342,255 shares of the payment services company's stock after acquiring an additional 4,289 shares during the quarter. Asset Management One Co. Ltd.'s holdings in American Express were worth $109,172,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. AlTi Global Inc. boosted its holdings in shares of American Express by 247.7% during the second quarter. AlTi Global Inc. now owns 27,425 shares of the payment services company's stock valued at $8,780,000 after acquiring an additional 19,538 shares during the period. Carnegie Investment Counsel boosted its holdings in shares of American Express by 18.9% during the second quarter. Carnegie Investment Counsel now owns 6,295 shares of the payment services company's stock valued at $2,008,000 after acquiring an additional 1,000 shares during the period. Smith Group Asset Management LLC boosted its holdings in shares of American Express by 2.2% during the second quarter. Smith Group Asset Management LLC now owns 130,482 shares of the payment services company's stock valued at $41,621,000 after acquiring an additional 2,844 shares during the period. Moser Wealth Advisors LLC boosted its holdings in shares of American Express by 3.0% during the second quarter. Moser Wealth Advisors LLC now owns 2,558 shares of the payment services company's stock valued at $816,000 after acquiring an additional 75 shares during the period. Finally, Briaud Financial Planning Inc acquired a new position in shares of American Express during the second quarter valued at $26,000. Institutional investors and hedge funds own 84.33% of the company's stock.

Insider Buying and Selling

In other American Express news, insider Anna Marrs sold 5,500 shares of the firm's stock in a transaction dated 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 transaction, the insider directly owned 20,311 shares in the company, valued at $6,312,049.47. This trade represents a 21.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stephen J. Squeri sold 112,272 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the completion of the transaction, the chief executive officer owned 92,810 shares of the company's stock, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 269,996 shares of company stock valued at $85,261,270. Company insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AXP. Deutsche Bank Aktiengesellschaft boosted their price target on shares of American Express from $371.00 to $375.00 and gave the company a "buy" rating in a report on Monday, July 21st. Evercore ISI upped their price objective on shares of American Express from $330.00 to $365.00 and gave the stock an "in-line" rating in a report on Tuesday, September 30th. Barclays upped their price objective on shares of American Express from $336.00 to $355.00 and gave the stock an "equal weight" rating in a report on Monday. Morgan Stanley upped their price objective on shares of American Express from $311.00 to $362.00 and gave the stock an "equal weight" rating in a report on Monday, September 29th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of American Express from $371.00 to $394.00 and gave the stock an "outperform" rating in a report on Wednesday, October 1st. Nine research 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $332.65.

American Express Price Performance

Shares of American Express stock opened at $354.71 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.69 and a debt-to-equity ratio of 1.78. The company's 50-day moving average price is $329.58 and its two-hundred day moving average price is $304.99. American Express Company has a 52 week low of $220.43 and a 52 week high of $357.73. The stock has a market cap of $244.34 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.83 and a beta of 1.29.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings results 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 net margin of 14.97% and a return on equity of 33.41%. The firm had revenue of $18.43 billion for the quarter, compared to analysts' expectations of $18.03 billion. During the same period in the previous year, the business earned $3.49 earnings per share. American Express's revenue for the quarter 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. As a group, sell-side analysts anticipate that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be issued 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 (DPR) is presently 22.01%.

About American Express

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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