Family Capital Management Inc. Acquires 1,076 Shares of American Express Company $AXP

Key Points

• Family Capital Management Inc. increased its stake in American Express by 49.7%, acquiring an additional 1,076 shares, bringing its total ownership to 3,242 shares valued at $1,034,000 by the end of the second quarter.
• Institutional investors own 84.33% of American Express shares, with notable increases from firms like Vanguard and Goldman Sachs in the first quarter.
• American Express's recent earnings report exceeded analyst expectations, with an EPS of $4.14 against a forecast of $3.98, reflecting an 11% revenue increase year-over-year.

Family Capital Management Inc. lifted its holdings in American Express Company (NYSE:AXP) by 49.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,242 shares of the payment services company's stock after buying an additional 1,076 shares during the quarter. Family Capital Management Inc.'s holdings in American Express were worth $1,034,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in American Express by 1.3% during the 1st 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 during the last quarter. Wellington Management Group LLP raised its holdings 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 worth $4,849,777,000 after purchasing an additional 2,168,445 shares during the last quarter. Nuveen LLC bought a new stake in American Express during the 1st quarter worth about $1,454,667,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in American Express by 1.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,093,807 shares of the payment services company's stock worth $1,370,489,000 after purchasing an additional 78,538 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in American Express by 25.5% during the 1st 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 during the last quarter. 84.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AXP has been the subject of several recent research reports. Wells Fargo & Company boosted their price objective on American Express from $375.00 to $400.00 and gave the stock an "overweight" rating in a report on Monday. Compass Point reissued a "neutral" rating and set a $324.00 price objective on shares of American Express in a report on Monday. JPMorgan Chase & Co. boosted their price objective on American Express from $343.00 to $355.00 and gave the stock a "neutral" rating in a report on Tuesday, October 7th. UBS Group boosted their target price on American Express from $330.00 to $340.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 7th. Finally, Evercore ISI boosted their target price on American Express from $330.00 to $365.00 and gave the stock an "in-line" rating in a research report on Tuesday, September 30th. 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's stock. Based on data from MarketBeat, American Express currently has a consensus rating of "Hold" and a consensus price target of $332.65.

Insiders Place Their Bets

In other American Express news, insider Laureen Seeger sold 16,998 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $294.83, for a total transaction of $5,011,520.34. Following the transaction, the insider owned 9,001 shares in the company, valued at $2,653,764.83. This trade represents a 65.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen J. Squeri sold 112,272 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total value of $37,034,041.92. Following the transaction, the chief executive officer owned 92,810 shares in the company, valued at $30,614,306.60. The trade was a 54.74% 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. Company insiders own 0.20% of the company's stock.

American Express Price Performance

Shares of AXP opened at $355.76 on Wednesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.69 and a current ratio of 1.61. The stock has a 50 day simple moving average of $327.75 and a 200 day simple moving average of $303.83. American Express Company has a 52-week low of $220.43 and a 52-week high of $356.67. The firm has a market capitalization of $245.06 billion, a PE ratio of 23.88, a P/E/G ratio of 1.85 and a beta of 1.29.

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

American Express Dividend Announcement

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

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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