Jump Financial LLC Purchases Shares of 53,233 American Express Company $AXP

Key Points

• Jump Financial LLC purchased 53,233 shares of American Express, valued at approximately $14.32 million, in the first quarter.
• Insider trades revealed that Anna Marrs and Laureen Seeger sold significant shares, indicating a decrease in ownership by 21.31% and 65.38%, respectively.
• American Express reported earnings of $4.08 per share for the last quarter, exceeding analysts' expectations and showing a 9.3% revenue increase year-over-year.

Jump Financial LLC acquired a new stake in American Express Company (NYSE:AXP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 53,233 shares of the payment services company's stock, valued at approximately $14,322,000.

Other large investors have also modified their holdings of the company. Investment Management Corp VA ADV acquired a new stake in shares of American Express in the fourth quarter valued at approximately $29,000. MorganRosel Wealth Management LLC acquired a new stake in shares of American Express in the first quarter valued at approximately $29,000. Nexus Investment Management ULC acquired a new stake in shares of American Express in the first quarter valued at approximately $34,000. Hughes Financial Services LLC acquired a new stake in shares of American Express in the first quarter valued at approximately $35,000. Finally, IAG Wealth Partners LLC acquired a new stake in shares of American Express in the first quarter valued at approximately $40,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Express

In other news, insider Anna Marrs sold 5,500 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was 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 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 the SEC website. Also, insider Laureen Seeger sold 16,998 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total value of $5,011,520.34. Following the completion of the transaction, the insider owned 9,001 shares of the company's stock, valued at approximately $2,653,764.83. This represents a 65.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 134,219 shares of company stock valued at $40,555,901. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Monness Crespi & Hardt downgraded American Express from a "buy" rating to a "neutral" rating in a report on Tuesday, July 15th. Morgan Stanley increased their price objective on American Express from $250.00 to $311.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Truist Financial increased their price target on American Express from $335.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Wells Fargo & Company set a $327.00 price target on American Express in a report on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods increased their price target on American Express from $360.00 to $371.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Eight analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, American Express currently has an average rating of "Hold" and an average price target of $311.05.

American Express Price Performance

American Express stock opened at $318.9630 on Friday. American Express Company has a one year low of $220.43 and a one year high of $329.14. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61. The business has a fifty day moving average of $308.48 and a two-hundred day moving average of $289.89. The company has a market cap of $221.96 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 1.69 and a beta of 1.28.

American Express (NYSE:AXP - Get Free Report) last released its earnings results on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, beating analysts' consensus estimates of $3.86 by $0.22. American Express had a return on equity of 32.87% and a net margin of 14.78%.The company had revenue of $17.86 billion during the quarter, compared to the consensus estimate of $17.70 billion. During the same quarter last year, the company earned $3.49 earnings per share. American Express's quarterly revenue was up 9.3% compared to the same quarter last year. As a group, analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd were issued a $0.82 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. American Express's dividend payout ratio (DPR) is 23.02%.

American Express 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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