JTC Employer Solutions Trustee Ltd Has $7.18 Million Stock Position in American Express Company $AXP

Key Points

• JTC Employer Solutions Trustee Ltd has reduced its stake in American Express by 18.2% during the second quarter, holding 22,500 shares valued at approximately $7.18 million.
• American Express reported quarterly earnings of $4.14 EPS, exceeding analysts' estimates, and reported a year-over-year revenue increase of 11.0%.
• The company will pay a quarterly dividend of $0.82 on November 10th, with an annualized dividend yield of 0.9%.

JTC Employer Solutions Trustee Ltd reduced its position in shares of American Express Company (NYSE:AXP) by 18.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,500 shares of the payment services company's stock after selling 5,000 shares during the quarter. American Express comprises about 0.7% of JTC Employer Solutions Trustee Ltd's portfolio, making the stock its 20th biggest position. JTC Employer Solutions Trustee Ltd's holdings in American Express were worth $7,175,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new position in American Express during the 1st quarter worth approximately $29,000. Hughes Financial Services LLC bought a new stake in American Express during the 1st quarter worth approximately $35,000. 1 North Wealth Services LLC bought a new stake in American Express during the 1st quarter worth approximately $37,000. Chung Wu Investment Group LLC bought a new stake in American Express during the 2nd quarter worth approximately $37,000. Finally, Abound Financial LLC bought a new stake in American Express during the 1st quarter worth approximately $41,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Performance

Shares of AXP opened at $346.45 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $241.09 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 1.69 and a beta of 1.29. The stock has a 50 day moving average of $325.64 and a 200 day moving average of $302.09. American Express Company has a 12 month low of $220.43 and a 12 month high of $349.19.

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, beating analysts' consensus estimates of $3.98 by $0.16. The company had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. American Express had a return on equity of 32.87% and a net margin of 14.78%.American Express's revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, sell-side analysts forecast that American Express Company will post 15.33 earnings per share for the current 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 given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express's dividend payout ratio (DPR) is currently 23.02%.

Insiders Place Their Bets

In other American Express news, insider Laureen Seeger sold 16,998 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $294.83, for a total value of $5,011,520.34. Following the completion of the sale, the insider directly owned 9,001 shares of the company's stock, valued at $2,653,764.83. This trade represents a 65.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total value of $7,671,326.85. Following the completion of the sale, the insider directly owned 123,613 shares of the company's stock, valued at $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety 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 Ratings Changes

A number of analysts have commented on AXP shares. Monness Crespi & Hardt lowered American Express from a "buy" rating to a "neutral" rating in a report on Tuesday, July 15th. William Blair reissued an "outperform" rating on shares of American Express in a report on Wednesday, July 2nd. Morgan Stanley boosted their price objective on American Express from $311.00 to $362.00 and gave the stock an "equal weight" rating in a report on Monday, September 29th. Evercore ISI boosted their price objective on American Express from $330.00 to $365.00 and gave the stock an "in-line" rating in a report on Tuesday, September 30th. Finally, 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. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, American Express presently has an average rating of "Hold" and an average price target of $323.60.

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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