Phoenix Financial Ltd. Purchases 1,039 Shares of American Express Company $AXP

Phoenix Financial Ltd. grew its position in American Express Company (NYSE:AXP) by 121.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,891 shares of the payment services company's stock after purchasing an additional 1,039 shares during the quarter. Phoenix Financial Ltd.'s holdings in American Express were worth $603,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AXP. Brighton Jones LLC boosted its stake in shares of American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company's stock valued at $1,924,000 after purchasing an additional 1,273 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of American Express by 3.1% in the 1st quarter. GAMMA Investing LLC now owns 8,039 shares of the payment services company's stock valued at $2,163,000 after purchasing an additional 238 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of American Express in the 1st quarter valued at $638,000. E&G Advisors LP boosted its stake in shares of American Express by 8.7% in the 1st quarter. E&G Advisors LP now owns 1,251 shares of the payment services company's stock valued at $337,000 after purchasing an additional 100 shares during the last quarter. Finally, Riverbend Wealth Management LLC boosted its stake in shares of American Express by 4.1% in the 1st quarter. Riverbend Wealth Management LLC now owns 4,036 shares of the payment services company's stock valued at $1,086,000 after purchasing an additional 159 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AXP. Truist Financial increased their target price on shares of American Express from $375.00 to $395.00 and gave the stock a "buy" rating in a research note on Monday. HSBC set a $295.00 target price on shares of American Express and gave the stock a "hold" rating in a research note on Friday, October 10th. William Blair reissued an "outperform" rating on shares of American Express in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. increased their target price on shares of American Express from $343.00 to $355.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of American Express from $371.00 to $375.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Nine analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $332.65.

American Express Stock Performance

AXP opened at $351.68 on Thursday. 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 fifty day moving average price is $328.64 and its two-hundred day moving average price is $304.16. American Express Company has a 1-year low of $220.43 and a 1-year high of $357.73. The company has a market cap of $242.25 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 1.84 and a beta of 1.29.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share 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 the consensus estimate of $18.03 billion. During the same quarter in the prior year, the company posted $3.49 earnings per share. The business's revenue was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

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

Insider Activity

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were 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 owned 123,613 shares in the company, valued at $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Laureen Seeger sold 61,721 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $297.47, for a total transaction of $18,360,145.87. Following the completion of the sale, the insider owned 9,001 shares of the company's stock, valued at approximately $2,677,527.47. This represents a 87.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 269,996 shares of company stock valued at $85,261,270. 0.20% of the stock is currently owned by insiders.

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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