19,158 Shares in American Express Company $AXP Acquired by Beck Bode LLC

Beck Bode LLC bought a new stake in American Express Company (NYSE:AXP) during the second quarter, Holdings Channel.com reports. The firm bought 19,158 shares of the payment services company’s stock, valued at approximately $6,111,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Quarterback LLC bought a new position in shares of American Express in the 2nd quarter valued at $383,000. Ironwood Investment Counsel LLC raised its position in American Express by 0.9% in the second quarter. Ironwood Investment Counsel LLC now owns 38,947 shares of the payment services company’s stock valued at $12,423,000 after purchasing an additional 358 shares during the last quarter. National Pension Service raised its position in American Express by 1.0% in the second quarter. National Pension Service now owns 1,122,097 shares of the payment services company’s stock valued at $357,927,000 after purchasing an additional 11,095 shares during the last quarter. Advyzon Investment Management LLC boosted its stake in shares of American Express by 27.3% during the second quarter. Advyzon Investment Management LLC now owns 1,123 shares of the payment services company’s stock valued at $358,000 after purchasing an additional 241 shares in the last quarter. Finally, VeraBank N.A. grew its holdings in shares of American Express by 54.2% during the second quarter. VeraBank N.A. now owns 4,304 shares of the payment services company’s stock worth $1,373,000 after purchasing an additional 1,513 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on AXP. Keefe, Bruyette & Woods raised their price objective on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Evercore ISI raised their price target on shares of American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. JPMorgan Chase & Co. boosted their price objective on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Barclays raised their target price on American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Eight analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $332.65.

American Express Stock Performance

Shares of AXP opened at $370.04 on Wednesday. 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 fifty day simple moving average is $341.23 and its two-hundred day simple moving average is $316.19. American Express Company has a 12 month low of $220.43 and a 12 month high of $373.08. The stock has a market capitalization of $254.90 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share (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 company had revenue of $18.43 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same period in the previous year, the business earned $3.49 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, analysts predict that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, October 10th. American Express’s dividend payout ratio is presently 22.01%.

Insider Activity at American Express

In other news, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the sale, the chief executive officer owned 92,810 shares in the company, valued at $30,614,306.60. The trade was a 54.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Elizabeth Rutledge sold 50,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the transaction, the chief marketing officer owned 85,577 shares in the company, valued at $30,825,691.17. The trade was a 36.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 193,292 shares of company stock worth $65,363,878. Corporate insiders own 0.20% of the company’s stock.

American Express 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.