Boston Partners Purchases 130,858 Shares of American Express Company $AXP

Boston Partners increased its position in shares of American Express Company (NYSE:AXP) by 6.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,088,642 shares of the payment services company’s stock after acquiring an additional 130,858 shares during the period. Boston Partners owned about 0.30% of American Express worth $663,806,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Briaud Financial Planning Inc acquired a new stake in shares of American Express during the second quarter valued at about $26,000. Access Investment Management LLC acquired a new position in shares of American Express in the second quarter valued at approximately $26,000. 1 North Wealth Services LLC bought a new position in American Express in the 1st quarter valued at approximately $37,000. Chung Wu Investment Group LLC acquired a new stake in American Express during the 2nd quarter worth approximately $37,000. Finally, Solstein Capital LLC acquired a new stake in American Express during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

Shares of NYSE AXP opened at $362.52 on Wednesday. The company has a market capitalization of $249.72 billion, a PE ratio of 24.33, a P/E/G ratio of 1.90 and a beta of 1.27. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. American Express Company has a twelve month low of $220.43 and a twelve month high of $377.23. The firm has a fifty day simple moving average of $346.68 and a 200 day simple moving average of $321.77.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business had revenue of $17.14 billion for the quarter, compared to analysts’ expectations of $18.03 billion. During the same quarter in the prior year, the firm posted $3.49 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, sell-side analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s dividend payout ratio (DPR) is currently 22.01%.

Analysts Set New Price Targets

AXP has been the subject of several recent research reports. HSBC set a $295.00 price target on shares of American Express and gave the company a “hold” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. boosted their price objective 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. BTIG Research increased their price objective on American Express from $277.00 to $307.00 and gave the company a “sell” rating in a report on Friday, October 17th. Morgan Stanley lifted their target price on American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research report on Wednesday, November 19th. Eight investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $332.65.

Insiders Place Their Bets

In other news, insider Denise Pickett sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the completion of the sale, the insider owned 7,726 shares of the company’s stock, valued at $2,709,739.98. This trade represents a 39.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the completion of the sale, the chief executive officer owned 92,810 shares of the company’s stock, valued at $30,614,306.60. This represents a 54.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 193,292 shares of company stock valued at $65,363,878 in the last 90 days. Company 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.