American Express Company $AXP Shares Sold by Bradley & Co. Private Wealth Management LLC

Bradley & Co. Private Wealth Management LLC lowered its stake in shares of American Express Company (NYSE:AXP) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,044 shares of the payment services company’s stock after selling 264 shares during the quarter. American Express accounts for 7.2% of Bradley & Co. Private Wealth Management LLC’s investment portfolio, making the stock its 3rd largest holding. Bradley & Co. Private Wealth Management LLC’s holdings in American Express were worth $11,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Briaud Financial Planning Inc purchased a new stake in shares of American Express in the second quarter valued at about $26,000. Access Investment Management LLC purchased a new position in American Express during the second quarter worth about $26,000. Hughes Financial Services LLC bought a new stake in American Express in the 1st quarter worth about $35,000. 1 North Wealth Services LLC purchased a new stake in American Express in the 1st quarter valued at about $37,000. Finally, Chung Wu Investment Group LLC bought a new position in shares of American Express during the 2nd quarter worth approximately $37,000. 84.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on AXP shares. Keefe, Bruyette & Woods increased their price target on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Weiss Ratings upgraded American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Morgan Stanley raised their price objective on shares of American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Finally, Evercore ISI lifted their price objective on shares of American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Nine analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, American Express has an average rating of “Hold” and an average target price of $332.65.

Insider Transactions at American Express

In related news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express stock in a transaction on 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 transaction, the insider owned 123,613 shares in the company, valued at $40,343,574.81. This trade represents a 15.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Denise Pickett sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were 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 of the company’s stock, valued at approximately $2,709,739.98. This trade represents a 39.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 193,292 shares of company stock worth $65,363,878. Company insiders own 0.20% of the company’s stock.

American Express Trading Up 0.9%

Shares of AXP stock opened at $368.90 on Friday. The company’s fifty day simple moving average is $339.73 and its two-hundred day simple moving average is $313.93. American Express Company has a 1 year low of $220.43 and a 1 year high of $370.00. The stock has a market capitalization of $254.12 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.90 and a beta of 1.27. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59.

American Express (NYSE:AXP) last released 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. The company had revenue of $18.43 billion during 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%. American Express’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be given a $0.82 dividend. The ex-dividend date is Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 0.9%. 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.