Baker Tilly Wealth Management LLC Has $907,000 Holdings in American Express Company $AXP

Baker Tilly Wealth Management LLC raised its holdings in American Express Company (NYSE:AXP) by 234.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,729 shares of the payment services company’s stock after buying an additional 1,912 shares during the period. Baker Tilly Wealth Management LLC’s holdings in American Express were worth $907,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AXP. AdvisorNet Financial Inc raised its stake in American Express by 5.3% in the 3rd quarter. AdvisorNet Financial Inc now owns 634 shares of the payment services company’s stock valued at $211,000 after acquiring an additional 32 shares during the period. Centurion Wealth Management LLC increased its holdings in shares of American Express by 123.5% in the third quarter. Centurion Wealth Management LLC now owns 1,810 shares of the payment services company’s stock valued at $601,000 after purchasing an additional 1,000 shares during the last quarter. Compton Wealth Advisory Group LLC increased its holdings in shares of American Express by 10.1% in the third quarter. Compton Wealth Advisory Group LLC now owns 873 shares of the payment services company’s stock valued at $290,000 after purchasing an additional 80 shares during the last quarter. Princeton Global Asset Management LLC raised its position in shares of American Express by 8.9% in the third quarter. Princeton Global Asset Management LLC now owns 1,221 shares of the payment services company’s stock valued at $405,000 after purchasing an additional 100 shares during the period. Finally, Breakthru Advisory Services LLC acquired a new stake in shares of American Express during the 3rd quarter worth about $217,000. 84.33% of the stock is currently owned by institutional investors.

Insider Activity at American Express

In other American Express news, CMO Elizabeth Rutledge sold 50,000 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $360.21, for a total value of $18,010,500.00. Following the completion of the transaction, the chief marketing officer directly owned 85,577 shares in the company, valued at approximately $30,825,691.17. This trade represents a 36.88% 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 this link. Also, insider Douglas Tabish sold 2,515 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the sale, the insider owned 2,515 shares in the company, valued at approximately $894,359.15. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,515 shares of company stock valued at $20,658,509 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

American Express Stock Up 0.2%

Shares of NYSE AXP opened at $376.40 on Friday. The company has a market cap of $259.28 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.79 and a beta of 1.14. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49. The stock has a 50-day moving average price of $360.14 and a two-hundred day moving average price of $331.01.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.16. The company had revenue of $17.14 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 firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, January 2nd. American Express’s dividend payout ratio is presently 22.01%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AXP shares. Morgan Stanley set a $370.00 price target on shares of American Express in a research note on Tuesday. Evercore ISI upped their target price on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Wolfe Research initiated coverage on American Express in a report on Monday, December 8th. They set a “peer perform” rating for the company. Weiss Ratings cut American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Barclays boosted their target price on shares of American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Eight analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $334.30.

About American Express

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.