Insider Selling: American Express (NYSE:AXP) Insider Sells 2,515 Shares of Stock

Key Points

• Douglas Tabish, an insider at American Express, sold 2,515 shares at an average price of $355.61 on October 23rd, resulting in a total transaction value of $894,359.15.
• American Express reported $4.14 earnings per share for the last quarter, exceeding estimates, with revenue of $18.43 billion, an 11.0% increase year-over-year.
• The company has announced a quarterly dividend of $0.82 per share, with the next payment scheduled for November 10th and a current annualized yield of 0.9%.

American Express Company (NYSE:AXP) insider Douglas Tabish sold 2,515 shares of American Express stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total transaction of $894,359.15. Following the completion of the sale, the insider owned 2,515 shares in the company, valued at approximately $894,359.15. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

American Express Price Performance

Shares of NYSE AXP traded up $2.36 during trading on Friday, hitting $357.29. The company had a trading volume of 2,395,439 shares, compared to its average volume of 2,867,557. The stock has a fifty day simple moving average of $329.58 and a two-hundred day simple moving average of $304.99. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $362.32. The firm has a market capitalization of $246.12 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 1.83 and a beta of 1.29. The company has a quick ratio of 1.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.16. The business had revenue of $18.43 billion for the quarter, compared to analyst estimates of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, research analysts expect that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of American Express by 1.3% in the second quarter. Vanguard Group Inc. now owns 46,425,262 shares of the payment services company's stock valued at $14,808,730,000 after purchasing an additional 581,369 shares in the last quarter. Wellington Management Group LLP grew its holdings in 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 acquiring an additional 2,168,445 shares in the last quarter. Geode Capital Management LLC grew its holdings in American Express by 11.1% during the 2nd quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company's stock worth $4,282,984,000 after acquiring an additional 1,349,746 shares in the last quarter. Norges Bank acquired a new position in American Express during the 2nd quarter worth approximately $1,897,335,000. Finally, Nuveen LLC acquired a new position in American Express during the 1st quarter worth approximately $1,454,667,000. Institutional investors and hedge funds own 84.33% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted 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. Barclays lifted their target price on shares of American Express from $336.00 to $355.00 and gave the stock an "equal weight" rating in a research note on Monday. Wells Fargo & Company lifted their target price on shares of American Express from $375.00 to $400.00 and gave the stock an "overweight" rating in a research note on Monday. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of American Express in a research note on Monday, July 14th. Finally, BTIG Research boosted their price target on shares of American Express from $277.00 to $307.00 and gave the company a "sell" rating in a research note on Friday, October 17th. Nine investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $332.65.

About American Express

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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