Caldwell Trust Co Takes Position in American Express Company $AXP

Caldwell Trust Co purchased a new position in American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 17,531 shares of the payment services company’s stock, valued at approximately $5,592,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 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 purchased a new position in American Express during the 2nd quarter worth approximately $26,000. Chung Wu Investment Group LLC acquired a new stake in American Express during the 2nd quarter valued at $37,000. Howard Hughes Medical Institute purchased a new stake in shares of American Express in the second quarter valued at $38,000. Finally, Solstein Capital LLC purchased a new stake in shares of American Express in the second quarter valued at $39,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

Shares of AXP opened at $382.14 on Monday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. The firm has a market cap of $263.23 billion, a PE ratio of 25.65, a PEG ratio of 1.72 and a beta of 1.14. The firm’s 50 day moving average price is $354.78 and its 200 day moving average price is $328.59. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49.

American Express (NYSE:AXP) last posted its earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.98 by $0.16. The company 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 company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, research analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

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

Insiders Place Their Bets

In other news, CMO Elizabeth Rutledge sold 50,000 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the completion of the sale, the chief marketing officer owned 85,577 shares in the company, valued at approximately $30,825,691.17. This represents a 36.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Denise Pickett sold 5,000 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total value of $1,753,650.00. Following the transaction, the insider directly owned 7,726 shares in the company, valued at approximately $2,709,739.98. This represents a 39.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 57,515 shares of company stock valued at $20,658,509 over the last quarter. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. HSBC set a $295.00 price target on American Express and gave the company a “hold” rating in a research report on Friday, October 10th. Evercore ISI upped their target price on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Wolfe Research began coverage on shares of American Express in a research report on Monday, December 8th. They issued a “peer perform” rating for the company. Compass Point reaffirmed a “neutral” rating and set a $324.00 price objective on shares of American Express in a research report on Monday, October 20th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of American Express in a research report on Monday, December 8th. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.