Adell Harriman & Carpenter Inc. Buys 56 Shares of American Express Company $AXP

Adell Harriman & Carpenter Inc. grew its stake in American Express Company (NYSE:AXP) by 6.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 887 shares of the payment services company’s stock after purchasing an additional 56 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in American Express were worth $283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Briaud Financial Planning Inc purchased a new stake in shares of American Express in the second quarter worth approximately $26,000. Chung Wu Investment Group LLC purchased a new stake in shares of American Express in the second quarter worth approximately $37,000. Solstein Capital LLC purchased a new stake in shares of American Express in the second quarter valued at approximately $39,000. Hughes Financial Services LLC purchased a new stake in shares of American Express in the first quarter valued at approximately $35,000. Finally, Proffitt & Goodson Inc. purchased a new position in American Express during the 2nd quarter worth $41,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on AXP. Compass Point restated a “neutral” rating and set a $324.00 price objective on shares of American Express in a report on Monday, October 20th. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a report on Monday, July 14th. DZ Bank upgraded American Express from a “sell” rating to a “hold” rating and set a $340.00 price target on the stock in a report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft lifted their price target on American Express from $371.00 to $375.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, Barclays increased their price target on American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Nine analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $332.65.

Insiders Place Their Bets

In other news, insider Denise Pickett sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 7,726 shares of the company’s stock, valued at $2,709,739.98. The trade was a 39.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total value of $7,671,326.85. Following the completion of the transaction, the insider directly owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 222,011 shares of company stock worth $70,725,044. 0.20% of the stock is currently owned by company insiders.

American Express Price Performance

NYSE:AXP opened at $358.73 on Friday. American Express Company has a one year low of $220.43 and a one year high of $365.75. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. The firm has a market cap of $247.11 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 1.90 and a beta of 1.29. The firm’s fifty day moving average is $334.81 and its two-hundred day moving average is $309.27.

American Express (NYSE:AXP) last issued its quarterly earnings data 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 business had revenue of $18.43 billion during 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 company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Research analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s payout ratio is 22.01%.

American Express Company Profile

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.