Wealthstream Advisors Inc. Takes $261,000 Position in American Express Company $AXP

Key Points

• Wealthstream Advisors Inc. acquired a new stake in American Express worth approximately $261,000, purchasing 818 shares during the second quarter.
• Insider sales included Glenda G. Mcneal selling 50,000 shares for a total of $15.47 million, representing an 82.03% decrease in their position.
• American Express reported earnings of $4.14 per share for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.82 per share.

Wealthstream Advisors Inc. bought a new stake in shares of American Express Company (NYSE:AXP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 818 shares of the payment services company's stock, valued at approximately $261,000.

Other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new stake in shares of American Express during the 1st quarter worth $1,454,667,000. Wellington Management Group LLP lifted its position in shares of American Express by 13.7% during the 1st quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company's stock worth $4,849,777,000 after buying an additional 2,168,445 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of American Express by 25.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company's stock worth $1,278,711,000 after buying an additional 965,221 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of American Express by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company's stock worth $12,334,299,000 after buying an additional 605,900 shares during the last quarter. Finally, Provident Trust Co. bought a new stake in shares of American Express during the 1st quarter worth $126,119,000. 84.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Glenda G. Mcneal sold 50,000 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the sale, the insider owned 10,957 shares in the company, valued at $3,391,191.50. This represents a 82.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anna Marrs sold 5,500 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total value of $1,709,235.00. Following the sale, the insider owned 20,311 shares in the company, valued at approximately $6,312,049.47. The trade was a 21.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 269,996 shares of company stock valued at $85,261,270. Corporate insiders own 0.20% of the company's stock.

American Express Trading Up 7.2%

Shares of AXP stock opened at $346.45 on Friday. The stock has a market cap of $241.09 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.82 and a beta of 1.29. The stock has a 50-day moving average of $325.64 and a 200-day moving average of $302.28. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 1.80. American Express Company has a 1-year low of $220.43 and a 1-year 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 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.16. The company had revenue of $18.43 billion during the quarter, compared to analysts' expectations of $18.03 billion. American Express had a return on equity of 32.87% and a net margin of 14.78%.The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, equities research analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, October 10th. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. American Express's dividend payout ratio is presently 23.02%.

Analyst Ratings Changes

Several brokerages recently weighed in on AXP. Weiss Ratings upgraded American Express from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price objective on American Express from $371.00 to $375.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. upped their target price on American Express from $343.00 to $355.00 and gave the stock a "neutral" rating in a report on Tuesday, October 7th. Evercore ISI increased their target price on American Express from $330.00 to $365.00 and gave the company an "in-line" rating in a research report on Tuesday, September 30th. Finally, Truist Financial increased their target price on American Express from $348.00 to $375.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $323.60.

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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