Corient Private Wealth LLC Has $259.69 Million Stake in American Express Company $AXP

Corient Private Wealth LLC trimmed its position in American Express Company (NYSE:AXP) by 13.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 814,115 shares of the payment services company’s stock after selling 125,228 shares during the period. Corient Private Wealth LLC owned approximately 0.12% of American Express worth $259,686,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AXP. Brighton Jones LLC raised its holdings in shares of American Express by 24.4% in the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after purchasing an additional 1,273 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in American Express by 17.0% in the first quarter. EverSource Wealth Advisors LLC now owns 4,171 shares of the payment services company’s stock valued at $1,122,000 after purchasing an additional 605 shares in the last quarter. Raymond James Financial Inc. grew its position in American Express by 5.1% in the first quarter. Raymond James Financial Inc. now owns 1,034,409 shares of the payment services company’s stock valued at $278,307,000 after purchasing an additional 50,277 shares in the last quarter. Tyler Stone Wealth Management increased its stake in American Express by 4.8% in the 1st quarter. Tyler Stone Wealth Management now owns 792 shares of the payment services company’s stock valued at $213,000 after buying an additional 36 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in American Express by 2.5% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 73,156 shares of the payment services company’s stock worth $19,683,000 after buying an additional 1,789 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Performance

Shares of NYSE AXP opened at $382.14 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $263.23 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.72 and a beta of 1.14. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49. The stock has a 50 day moving average of $354.78 and a 200-day moving average of $328.59.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.16. American Express had a return on equity of 33.41% and a net margin of 14.97%.The business had revenue of $17.14 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same quarter last year, the firm posted $3.49 EPS. The company’s quarterly revenue 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, equities research analysts predict that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were issued 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 dividend yield of 0.9%. American Express’s payout ratio is presently 22.01%.

Insider Activity at American Express

In other news, insider Douglas Tabish sold 2,515 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the transaction, the insider owned 2,515 shares of the company’s stock, valued at approximately $894,359.15. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Elizabeth Rutledge sold 50,000 shares of American Express stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $360.21, for a total value of $18,010,500.00. Following the sale, the chief marketing officer directly owned 85,577 shares of the company’s stock, valued at approximately $30,825,691.17. The trade was a 36.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 57,515 shares of company stock worth $20,658,509. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the subject of several analyst reports. Morgan Stanley raised their price objective on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. JPMorgan Chase & Co. raised their price target on American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. UBS Group upped their price objective on American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of American Express in a research note on Monday, December 8th. Finally, DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 target price on the stock in a report on Tuesday, October 21st. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average 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.