Chartwell Investment Partners LLC Has $3.96 Million Stock Position in American Express (NYSE:AXP)

12 Nov 2024, 07:30 by Amy Steele · The Cerbat Gem

Chartwell Investment Partners LLC boosted its stake in shares of American Express (NYSE:AXP – Free Report) by 5.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,614 shares of the payment services company’s stock after purchasing an additional 716 shares during the quarter. Chartwell Investment Partners LLC’s holdings in American Express were worth $3,963,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AXP. Kennebec Savings Bank acquired a new position in American Express during the 3rd quarter valued at $29,000. DHJJ Financial Advisors Ltd. increased its holdings in American Express by 42.2% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock valued at $38,000 after buying an additional 49 shares during the period. POM Investment Strategies LLC bought a new stake in American Express in the 2nd quarter valued at $42,000. Founders Capital Management bought a new stake in American Express in the 2nd quarter valued at $46,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in American Express in the 3rd quarter valued at $46,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Express

In other news, insider Anre D. Williams sold 77,887 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the transaction, the insider now directly owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the transaction, the insider now directly owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anre D. Williams sold 77,887 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the transaction, the insider now directly owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

American Express Price Performance

NYSE AXP opened at $293.05 on Tuesday. The business has a 50 day simple moving average of $268.64 and a 200 day simple moving average of $249.46. American Express has a 52-week low of $153.50 and a 52-week high of $296.83. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market cap of $206.44 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.56 and a beta of 1.21.

American Express (NYSE:AXP – Get Free Report) last posted its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $0.22. American Express had a return on equity of 32.46% and a net margin of 15.32%. The business had revenue of $16.64 billion during the quarter, compared to analysts’ expectations of $16.68 billion. During the same period in the prior year, the business earned $3.30 EPS. American Express’s revenue for the quarter was up 8.2% compared to the same quarter last year. Analysts anticipate that American Express will post 13.4 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 4th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.80 annualized dividend and a dividend yield of 0.96%. American Express’s dividend payout ratio is currently 20.60%.

Analysts Set New Price Targets

AXP has been the topic of several analyst reports. Barclays boosted their price target on shares of American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Morgan Stanley upped their target price on shares of American Express from $248.00 to $252.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Monness Crespi & Hardt upped their target price on shares of American Express from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 14th. BTIG Research lowered shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 target price on the stock. in a report on Tuesday, October 8th. Finally, Hsbc Global Res lowered shares of American Express from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $253.09.

Read Our Latest Analysis on American Express

American Express Company Profile

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