Kestra Private Wealth Services LLC increased its stake in American Express Company (NYSE:AXP - Free Report) by 6.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,284 shares of the payment services company's stock after purchasing an additional 2,613 shares during the period. Kestra Private Wealth Services LLC's holdings in American Express were worth $11,646,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in American Express in the 4th quarter worth $1,785,867,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of American Express by 463.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,357,487 shares of the payment services company's stock valued at $1,293,259,000 after acquiring an additional 3,583,959 shares during the last quarter. GAMMA Investing LLC lifted its position in American Express by 27,625.2% in the first quarter. GAMMA Investing LLC now owns 2,162,846 shares of the payment services company's stock valued at $581,914,000 after buying an additional 2,155,045 shares during the last quarter. Capital Research Global Investors lifted its position in American Express by 186.3% in the fourth quarter. Capital Research Global Investors now owns 2,986,710 shares of the payment services company's stock valued at $886,426,000 after buying an additional 1,943,463 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its stake in American Express by 346.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,021,873 shares of the payment services company's stock worth $600,072,000 after purchasing an additional 1,568,747 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Monness Crespi & Hardt lowered shares of American Express from a "buy" rating to a "neutral" rating in a research note on Tuesday, July 15th. Wells Fargo & Company set a $327.00 price target on shares of American Express in a research note on Wednesday, July 2nd. Redburn Atlantic upgraded shares of American Express from a "sell" rating to a "neutral" rating and dropped their price target for the company from $270.00 to $255.00 in a research note on Wednesday, April 23rd. BTIG Research set a $277.00 price target on shares of American Express and gave the company a "sell" rating in a research note on Monday, July 14th. Finally, Keefe, Bruyette & Woods increased their price target on shares of American Express from $360.00 to $371.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $307.68.
Get Our Latest Stock Report on American Express
Insider Transactions at American Express
In other American Express news, insider Glenda G. Mcneal sold 3,019 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total value of $799,008.54. Following the sale, the insider owned 10,919 shares of the company's stock, valued at $2,889,822.54. This trade represents a 21.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Howard Grosfield sold 9,450 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total value of $2,603,475.00. Following the completion of the sale, the insider owned 9,402 shares of the company's stock, valued at $2,590,251. This represents a 50.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.
American Express Stock Performance
AXP traded down $6.97 during trading on Friday, reaching $308.38. 5,478,921 shares of the company were exchanged, compared to its average volume of 2,841,088. American Express Company has a 52 week low of $220.43 and a 52 week high of $329.14. The stock has a market cap of $216.05 billion, a P/E ratio of 21.64, a PEG ratio of 1.50 and a beta of 1.25. The firm has a 50 day moving average of $304.19 and a 200 day moving average of $291.09. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64.
American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, beating the consensus estimate of $3.86 by $0.22. The business had revenue of $17.86 billion during the quarter, compared to the consensus estimate of $17.70 billion. American Express had a return on equity of 32.48% and a net margin of 15.31%. American Express's revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.49 earnings per share. On average, sell-side analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.
American Express Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, July 3rd. American Express's dividend payout ratio (DPR) is presently 23.02%.
American Express Profile
(
Free Report)
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.
Further Reading
Before you consider American Express, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Express wasn't on the list.
While American Express currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
