Artisan Partners Limited Partnership Purchases 133,439 Shares of American Express Company $AXP

Artisan Partners Limited Partnership boosted its position in American Express Company (NYSE:AXP) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,620,873 shares of the payment services company’s stock after purchasing an additional 133,439 shares during the quarter. American Express comprises 2.2% of Artisan Partners Limited Partnership’s holdings, making the stock its 4th biggest position. Artisan Partners Limited Partnership owned approximately 0.66% of American Express worth $1,473,966,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd bought a new position in American Express in the 1st quarter valued at about $509,000. Nordea Investment Management AB lifted its stake in shares of American Express by 2.2% in the 2nd quarter. Nordea Investment Management AB now owns 2,267,377 shares of the payment services company’s stock worth $721,525,000 after acquiring an additional 49,593 shares during the period. Mackenzie Financial Corp lifted its stake in shares of American Express by 6.6% in the 1st quarter. Mackenzie Financial Corp now owns 60,634 shares of the payment services company’s stock worth $16,314,000 after acquiring an additional 3,776 shares during the period. Dempze Nancy E boosted its holdings in shares of American Express by 210.2% in the second quarter. Dempze Nancy E now owns 3,459 shares of the payment services company’s stock valued at $1,103,000 after acquiring an additional 2,344 shares in the last quarter. Finally, Reliant Investment Management LLC increased its stake in shares of American Express by 1.9% during the second quarter. Reliant Investment Management LLC now owns 26,189 shares of the payment services company’s stock valued at $8,354,000 after acquiring an additional 480 shares during the period. Institutional investors own 84.33% of the company’s stock.

Insider Transactions at American Express

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the transaction, the insider owned 123,613 shares in the company, valued at $40,343,574.81. This represents a 15.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Douglas Tabish sold 2,515 shares of the firm’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total transaction of $894,359.15. Following the transaction, the insider owned 2,515 shares in the company, valued at $894,359.15. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 193,292 shares of company stock valued at $65,363,878 in the last ninety days. 0.20% of the stock is currently owned by insiders.

American Express Trading Down 0.2%

American Express stock opened at $340.63 on Wednesday. American Express Company has a 12 month low of $220.43 and a 12 month high of $377.23. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The stock has a market cap of $234.64 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.90 and a beta of 1.27. The company’s fifty day simple moving average is $344.15 and its 200-day simple moving average is $319.23.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm had revenue of $17.14 billion during the quarter, compared to analysts’ expectations of $18.03 billion. During the same quarter last year, the firm earned $3.49 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, 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 was paid on Monday, November 10th. Investors of record on Friday, October 10th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. American Express’s payout ratio is presently 22.01%.

Analyst Ratings Changes

AXP has been the subject of a number of research analyst reports. BTIG Research upped their target price on American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research report on Friday, October 17th. Evercore ISI boosted their price objective on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Compass Point restated a “neutral” rating and issued a $324.00 price objective on shares of American Express in a report on Monday, October 20th. Wells Fargo & Company lifted their target price on American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, UBS Group boosted their price target on shares of American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Eight investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $332.65.

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.