6,402 Shares in American Express Company $AXP Acquired by Midwest Trust Co

Midwest Trust Co purchased a new position in American Express Company (NYSE:AXP) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 6,402 shares of the payment services company’s stock, valued at approximately $2,042,000.

Several other institutional investors also recently modified their holdings of the stock. Nuveen LLC acquired a new position in shares of American Express in the 1st quarter worth $1,454,667,000. Wellington Management Group LLP lifted its holdings in shares of American Express by 13.7% during the first quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock valued at $4,849,777,000 after purchasing an additional 2,168,445 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of American Express by 25.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company’s stock valued at $1,278,711,000 after purchasing an additional 965,221 shares during the period. Provident Trust Co. increased its stake in American Express by 136.6% in the 2nd quarter. Provident Trust Co. now owns 1,108,971 shares of the payment services company’s stock worth $353,740,000 after purchasing an additional 640,214 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in American Express by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock worth $12,334,299,000 after purchasing an additional 605,900 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AXP. DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 target price for the company in a report on Tuesday, October 21st. UBS Group upped their price target on shares of American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Weiss Ratings downgraded American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. HSBC set a $295.00 price objective on American Express and gave the stock a “hold” rating in a research report on Friday, October 10th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of American Express in a research report on Monday, July 14th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $332.65.

Insider Transactions at American Express

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express stock in a transaction that occurred 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 of the company’s stock, valued at $40,343,574.81. This trade represents a 15.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $1,753,650.00. Following the sale, the insider directly owned 7,726 shares of the company’s stock, valued at approximately $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 193,292 shares of company stock worth $65,363,878. 0.20% of the stock is currently owned by company insiders.

American Express Stock Down 0.2%

American Express stock opened at $367.93 on Tuesday. 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 1-year low of $220.43 and a 1-year high of $371.80. The firm’s fifty day simple moving average is $340.46 and its 200-day simple moving average is $315.45. The company has a market capitalization of $253.45 billion, a P/E ratio of 24.69, a P/E/G ratio of 1.90 and a beta of 1.27.

American Express (NYSE:AXP) last posted its earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The firm had revenue of $18.43 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same period in the prior year, the business posted $3.49 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Sell-side analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were 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 of this dividend was Friday, October 10th. American Express’s dividend payout ratio (DPR) is presently 22.01%.

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.