American Express Company (NYSE:AXP) Declares $0.82 Quarterly Dividend

by · The Cerbat Gem

American Express Company (NYSE:AXP) declared a quarterly dividend on Wednesday, December 17th. Shareholders of record on Friday, January 2nd will be given a dividend of 0.82 per share by the payment services company on Tuesday, February 10th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, January 2nd.

American Express has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. American Express has a payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect American Express to earn $17.60 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 18.6%.

American Express Trading Up 0.1%

Shares of NYSE:AXP traded up $0.26 during trading on Thursday, reaching $375.87. The stock had a trading volume of 946,958 shares, compared to its average volume of 2,796,563. American Express has a fifty-two week low of $220.43 and a fifty-two week high of $387.49. The stock has a market cap of $258.92 billion, a P/E ratio of 25.26, a PEG ratio of 1.72 and a beta of 1.14. The business has a fifty day moving average price of $357.90 and a 200-day moving average price of $330.13. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP – Get Free Report) last announced its quarterly earnings data 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 $17.14 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same quarter in the previous year, the business earned $3.49 earnings per share. The business’s revenue for the quarter 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, analysts anticipate that American Express will post 15.33 earnings per share for the current fiscal year.

Insider Activity

In other American Express news, insider Douglas Tabish sold 2,515 shares of American Express stock in a transaction 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 transaction, the insider directly owned 2,515 shares of the company’s stock, valued at approximately $894,359.15. The trade was 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 the SEC website. Also, CMO Elizabeth Rutledge sold 50,000 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $360.21, for a total value of $18,010,500.00. Following the sale, the chief marketing officer owned 85,577 shares of the company’s stock, valued at approximately $30,825,691.17. This represents a 36.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 57,515 shares of company stock worth $20,658,509. Corporate insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On American Express

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Valley Wealth Managers Inc. increased its holdings in American Express by 153.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after buying an additional 46 shares during the period. Manning & Napier Advisors LLC acquired a new stake in shares of American Express in the third quarter worth $27,000. Access Investment Management LLC purchased a new position in shares of American Express during the second quarter worth $26,000. Briaud Financial Planning Inc acquired a new position in American Express during the second quarter valued at $26,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in American Express in the third quarter valued at $28,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

About American Express

(Get 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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