American Express Company $AXP Shares Purchased by Arbor Trust Wealth Advisors LLC

Arbor Trust Wealth Advisors LLC raised its stake in American Express Company (NYSE:AXP) by 28.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,702 shares of the payment services company’s stock after acquiring an additional 380 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in American Express were worth $543,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AXP. Capital Asset Advisory Services LLC increased its holdings in shares of American Express by 2.8% during the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock valued at $384,000 after purchasing an additional 32 shares in the last quarter. DLK Investment Management LLC increased its holdings in American Express by 3.8% in the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after buying an additional 32 shares in the last quarter. Financial Engines Advisors L.L.C. increased its holdings in American Express by 4.7% in the first quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock valued at $208,000 after buying an additional 35 shares in the last quarter. Modern Wealth Management LLC raised its position in shares of American Express by 0.7% in the first quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock worth $1,324,000 after acquiring an additional 35 shares during the period. Finally, Greenfield Savings Bank boosted its stake in shares of American Express by 0.3% during the 2nd quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock worth $4,184,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

AXP opened at $368.90 on Friday. American Express Company has a twelve month low of $220.43 and a twelve month high of $370.00. The firm has a market capitalization of $254.12 billion, a PE ratio of 24.76, a PEG ratio of 1.90 and a beta of 1.27. 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 firm’s 50-day moving average price is $339.73 and its 200 day moving average price is $314.36.

American Express (NYSE:AXP) last released its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. The business had revenue of $18.43 billion for the quarter, compared to analyst estimates 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 period last year, the company posted $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, sell-side analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

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

Insider Activity at American Express

In other American Express news, insider Denise Pickett sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total value of $1,753,650.00. Following the completion of the sale, the insider directly owned 7,726 shares in the company, valued at $2,709,739.98. This represents a 39.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total value of $7,671,326.85. Following the completion of the sale, the insider directly owned 123,613 shares of the company’s stock, valued at $40,343,574.81. This trade represents a 15.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 193,292 shares of company stock valued at $65,363,878 in the last three months. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AXP shares. BTIG Research lifted their price target on American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research note on Friday, October 17th. Keefe, Bruyette & Woods raised their price objective on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of American Express in a research note on Monday, July 14th. Wall Street Zen lowered American Express from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Truist Financial boosted their price target on shares of American Express from $375.00 to $395.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Eight research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $332.65.

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.