American Express Company $AXP Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC trimmed its holdings in shares of American Express Company (NYSE:AXP) by 1.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 146,172 shares of the payment services company’s stock after selling 2,855 shares during the period. Clarkston Capital Partners LLC’s holdings in American Express were worth $46,626,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Access Investment Management LLC acquired a new stake in shares of American Express during the second quarter valued at approximately $26,000. Briaud Financial Planning Inc acquired a new position in American Express in the second quarter worth approximately $26,000. Chung Wu Investment Group LLC bought a new position in shares of American Express during the 2nd quarter valued at $37,000. Solstein Capital LLC acquired a new stake in shares of American Express in the second quarter worth about $39,000. Finally, Proffitt & Goodson Inc. acquired a new stake in American Express in the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Price Performance

American Express stock opened at $364.26 on Friday. The firm has a market capitalization of $250.92 billion, a P/E ratio of 24.45, a PEG ratio of 1.90 and a beta of 1.27. The business has a 50-day moving average of $347.70 and a 200-day moving average of $322.36. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. American Express Company has a 1 year low of $220.43 and a 1 year high of $377.23.

American Express (NYSE:AXP) last issued its earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.98 by $0.16. The firm had revenue of $17.14 billion during the quarter, compared to the consensus estimate of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. 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 earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, equities analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The firm also recently disclosed 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. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, October 10th. American Express’s dividend payout ratio (DPR) is presently 22.01%.

Insider Activity

In other news, insider Denise Pickett sold 5,000 shares of American Express stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the transaction, the insider owned 7,726 shares in the company, valued at $2,709,739.98. The trade was a 39.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total value of $7,671,326.85. Following the sale, the insider directly owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. The trade was a 15.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 193,292 shares of company stock valued at $65,363,878. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Compass Point reiterated a “neutral” rating and issued a $324.00 price objective on shares of American Express in a research note on Monday, October 20th. UBS Group lifted their price objective on American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Evercore ISI upped their target price on shares of American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. DZ Bank upgraded American Express from a “sell” rating to a “hold” rating and set a $340.00 price target on the stock in a research report on Tuesday, October 21st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Nine 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.