Vanguard Personalized Indexing Management LLC Has $26.09 Million Stake in American Express Company $AXP

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in American Express by 16.6% during Q2, holding 81,777 shares valued at approximately $26.09 million.
• American Express's most recent quarterly earnings topped analysts' expectations with an EPS of $4.08 and revenue of $17.86 billion, a 9.3% increase year-over-year.
• Analyst ratings are mixed, with nine lenders issuing "Buy" ratings, but a consensus rating of "Hold" and an average price target of $323.60 reflects cautious sentiment among the majority.

Vanguard Personalized Indexing Management LLC grew its position in American Express Company (NYSE:AXP - Free Report) by 16.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,777 shares of the payment services company's stock after purchasing an additional 11,629 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in American Express were worth $26,087,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Asset Advisory Services LLC grew its position in shares of American Express by 2.8% in the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company's stock valued at $384,000 after purchasing an additional 32 shares during the last quarter. DLK Investment Management LLC grew its position in American Express by 3.8% during the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company's stock worth $277,000 after buying an additional 32 shares in the last quarter. Financial Engines Advisors L.L.C. grew its position in American Express by 4.7% during the first quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company's stock worth $208,000 after buying an additional 35 shares in the last quarter. Modern Wealth Management LLC grew its position in American Express by 0.7% during the first quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company's stock worth $1,324,000 after buying an additional 35 shares in the last quarter. Finally, Greenfield Savings Bank grew its position in American Express by 0.3% during the second quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company's stock worth $4,184,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company's stock.

Wall Street Analyst Weigh In

AXP has been the topic of a number of analyst reports. Barclays increased their price target on American Express from $297.00 to $336.00 and gave the stock a "cautious" rating in a research report on Monday, October 6th. JPMorgan Chase & Co. increased their price target on American Express from $343.00 to $355.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 7th. Truist Financial increased their price target on American Express from $348.00 to $375.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. UBS Group increased their price target 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, Monness Crespi & Hardt downgraded American Express from a "buy" rating to a "neutral" rating in a report on Tuesday, July 15th. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, American Express has a consensus rating of "Hold" and an average price target of $323.60.

American Express Trading Down 2.5%

Shares of AXP stock opened at $316.27 on Friday. The stock's fifty day moving average price is $322.16 and its two-hundred day moving average price is $300.17. The company has a market cap of $220.09 billion, a PE ratio of 22.19, a P/E/G ratio of 1.68 and a beta of 1.29. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $349.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly 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 analysts' expectations of $17.70 billion. During the same period in the prior year, the company earned $3.49 EPS. American Express's revenue was up 9.3% compared to the same quarter last year. Equities analysts predict 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 Monday, November 10th. Stockholders 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 dividend yield of 1.0%. The ex-dividend date is Friday, October 10th. American Express's dividend payout ratio is presently 23.02%.

Insider Buying and Selling

In other news, insider Laureen Seeger sold 61,721 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $297.47, for a total value of $18,360,145.87. Following the completion of the transaction, the insider directly owned 9,001 shares in the company, valued at approximately $2,677,527.47. This represents a 87.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen J. Squeri sold 112,272 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the transaction, the chief executive officer owned 92,810 shares of the company's stock, valued at $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 269,996 shares of company stock worth $85,261,270 in the last ninety days. Insiders own 0.20% of the company's stock.

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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