American Express Company $AXP Shares Sold by Berry Wealth Group LP

Berry Wealth Group LP lowered its position in American Express Company (NYSE:AXP) by 12.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 960 shares of the payment services company’s stock after selling 142 shares during the period. Berry Wealth Group LP’s holdings in American Express were worth $306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Briaud Financial Planning Inc acquired a new stake in American Express during the 2nd quarter valued at $26,000. Access Investment Management LLC purchased a new stake in shares of American Express in the second quarter valued at $26,000. 1 North Wealth Services LLC acquired a new stake in shares of American Express during the first quarter valued at $37,000. Chung Wu Investment Group LLC acquired a new stake in shares of American Express during the second quarter valued at $37,000. Finally, Solstein Capital LLC purchased a new stake in American Express during the 2nd quarter worth about $39,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Up 0.6%

Shares of American Express stock opened at $366.14 on Friday. American Express Company has a 1-year low of $220.43 and a 1-year high of $377.23. The company has a market capitalization of $252.22 billion, a PE ratio of 24.57, a P/E/G ratio of 1.90 and a beta of 1.27. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. The business has a 50-day moving average of $348.21 and a 200-day moving average of $322.82.

American Express (NYSE:AXP) last posted its quarterly earnings data 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 firm had revenue of $17.14 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same period in the prior year, the firm posted $3.49 EPS. The firm’s 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. As a group, equities analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were given a $0.82 dividend. The ex-dividend date was Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s dividend payout ratio is 22.01%.

Insider Buying and Selling

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total value of $7,671,326.85. Following the transaction, the insider owned 123,613 shares of the company’s stock, valued at $40,343,574.81. The trade was a 15.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Denise Pickett sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total value of $1,753,650.00. Following the sale, the insider directly owned 7,726 shares in the company, valued at $2,709,739.98. This trade represents a 39.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 193,292 shares of company stock valued at $65,363,878 in the last ninety days. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on AXP shares. JPMorgan Chase & Co. increased their price target on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Compass Point reiterated a “neutral” rating and issued a $324.00 target price on shares of American Express in a research note on Monday, October 20th. BTIG Research raised their price target on American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research note on Friday, October 17th. UBS Group lifted their price target on American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Finally, Barclays increased their price objective on shares of American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Nine equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, American Express currently has an average rating of “Hold” and an average price target of $332.65.

American Express Company 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.