Acropolis Investment Management LLC Increases Holdings in American Express Company $AXP

Acropolis Investment Management LLC raised its holdings in shares of American Express Company (NYSE:AXP) by 139.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,203 shares of the payment services company’s stock after acquiring an additional 3,026 shares during the quarter. Acropolis Investment Management LLC’s holdings in American Express were worth $1,660,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Access Investment Management LLC acquired a new position in American Express in the second quarter valued at approximately $26,000. Briaud Financial Planning Inc acquired a new stake in American Express during the second quarter worth approximately $26,000. Chung Wu Investment Group LLC purchased a new stake in shares of American Express during the 2nd quarter worth approximately $37,000. Howard Hughes Medical Institute acquired a new position in shares of American Express in the 2nd quarter valued at $38,000. Finally, Solstein Capital LLC acquired a new position in shares of American Express in the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP opened at $375.43 on Thursday. The stock has a market capitalization of $258.61 billion, a P/E ratio of 25.20, a P/E/G ratio of 1.72 and a beta of 1.14. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. American Express Company has a 1 year low of $220.43 and a 1 year high of $387.49. The company’s fifty day moving average is $357.90 and its two-hundred day moving average is $330.13.

American Express (NYSE:AXP) last released 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 analysts’ expectations of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, sell-side analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently commented on AXP. Wells Fargo & Company lifted their price target on shares of American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday. Morgan Stanley set a $370.00 price objective on American Express in a report on Tuesday. Truist Financial lifted their target price on American Express from $375.00 to $395.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. JPMorgan Chase & Co. boosted their target price on American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods raised their price target on American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Eight equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $334.30.

Insiders Place Their Bets

In other news, insider Denise Pickett sold 5,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 7,726 shares of the company’s stock, valued at approximately $2,709,739.98. This represents a 39.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Douglas Tabish sold 2,515 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the sale, the insider directly owned 2,515 shares of the company’s stock, valued at $894,359.15. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 57,515 shares of company stock worth $20,658,509. Company insiders own 0.20% of the company’s stock.

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.