Inkwell Capital LLC Has $2.11 Million Stock Holdings in American Express Company $AXP

by · The Cerbat Gem

Inkwell Capital LLC trimmed its position in American Express Company (NYSE:AXP) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,601 shares of the payment services company’s stock after selling 250 shares during the quarter. American Express accounts for 2.3% of Inkwell Capital LLC’s holdings, making the stock its 23rd largest holding. Inkwell Capital LLC’s holdings in American Express were worth $2,106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of 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 buying an additional 605,900 shares in the last quarter. Wellington Management Group LLP grew its position in 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 acquiring an additional 2,168,445 shares during the last quarter. Geode Capital Management LLC raised its stake in American Express by 11.1% during the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock worth $4,282,984,000 after acquiring an additional 1,349,746 shares in the last quarter. Nuveen LLC bought a new position in shares of American Express in the first quarter worth about $1,454,667,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of American Express by 1.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,093,807 shares of the payment services company’s stock valued at $1,370,489,000 after purchasing an additional 78,538 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American Express

In other news, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction dated 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 transaction, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. This trade represents a 54.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Douglas Tabish sold 2,515 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 2,515 shares in the company, 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. Insiders have sold 193,292 shares of company stock valued at $65,363,878 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

American Express Trading Down 2.2%

Shares of AXP stock opened at $356.87 on Monday. American Express Company has a 1-year low of $220.43 and a 1-year high of $377.23. 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 stock has a market cap of $245.83 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 1.90 and a beta of 1.27. The stock has a 50-day moving average of $343.50 and a 200-day moving average of $318.27.

American Express (NYSE:AXP – Get Free Report) last announced its earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.98 by $0.16. The business had revenue of $17.14 billion for the quarter, compared to analysts’ expectations of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, equities research analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders 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 dividend yield of 0.9%. American Express’s dividend payout ratio is 22.01%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AXP. Keefe, Bruyette & Woods upped their price objective on shares of American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Barclays upped their price target 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. Deutsche Bank Aktiengesellschaft increased their price target on American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Wells Fargo & Company upped their target price on American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, BTIG Research boosted their price target on American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a report on Friday, October 17th. Eight analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, American Express presently has an average rating of “Hold” and an average price target of $332.65.

View Our Latest Report 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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