IQ EQ FUND MANAGEMENT IRELAND Ltd Boosts Stock Holdings in American Express Company $AXP

by · The Cerbat Gem

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in American Express Company (NYSE:AXP – Free Report) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,628 shares of the payment services company’s stock after purchasing an additional 1,997 shares during the period. American Express makes up about 1.2% of IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings, making the stock its 15th biggest position. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in American Express were worth $12,960,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nuveen LLC bought a new stake in American Express during the 1st quarter valued at $1,454,667,000. Wellington Management Group LLP grew its position in shares of American Express by 13.7% in the first quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock valued at $4,849,777,000 after purchasing an additional 2,168,445 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of American Express by 25.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company’s stock valued at $1,278,711,000 after purchasing an additional 965,221 shares during the period. Vanguard Group Inc. lifted its holdings in American Express by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock worth $12,334,299,000 after purchasing an additional 605,900 shares in the last quarter. Finally, Provident Trust Co. bought a new position in American Express in the 1st quarter worth about $126,119,000. 84.33% of the stock is owned by institutional investors.

American Express Stock Performance

NYSE AXP opened at $361.49 on Tuesday. American Express Company has a 52-week low of $220.43 and a 52-week high of $362.84. The company has a fifty day moving average of $331.71 and a 200-day moving average of $307.38. The company has a market capitalization of $249.01 billion, a P/E ratio of 24.26, a P/E/G ratio of 1.86 and a beta of 1.29. 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 (NYSE:AXP – Get Free Report) last released its earnings results 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 return on equity of 33.41% and a net margin of 14.97%.The business had revenue of $18.43 billion for the quarter, compared to analysts’ expectations of $18.03 billion. During the same quarter in the prior year, the firm earned $3.49 earnings per share. The firm’s 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 fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s dividend payout ratio (DPR) is currently 22.01%.

Insider Buying and Selling

In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the sale, the chief executive officer owned 92,810 shares of the company’s stock, valued at $30,614,306.60. This represents a 54.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laureen Seeger sold 16,998 shares of American Express stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $294.83, for a total transaction of $5,011,520.34. Following the transaction, the insider directly owned 9,001 shares in the company, valued at $2,653,764.83. This trade represents a 65.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,011 shares of company stock worth $70,725,044 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

AXP has been the topic of several analyst reports. Compass Point reiterated a “neutral” rating and set a $324.00 price target on shares of American Express in a research report on Monday, October 20th. JPMorgan Chase & Co. increased their target price on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods boosted their price target 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Finally, DZ Bank raised American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective for the company in a research note on Tuesday, October 21st. Nine equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $332.65.

Read Our Latest Stock Analysis on AXP

American Express Company Profile

(Free Report)

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.

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