American Express Company $AXP is Cookson Peirce & Co. Inc.’s 6th Largest Position

Cookson Peirce & Co. Inc. lessened its holdings in American Express Company (NYSE:AXP) by 1.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 181,712 shares of the payment services company’s stock after selling 3,138 shares during the period. American Express comprises 2.6% of Cookson Peirce & Co. Inc.’s holdings, making the stock its 6th biggest position. Cookson Peirce & Co. Inc.’s holdings in American Express were worth $57,962,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. MorganRosel Wealth Management LLC bought a new position in shares of American Express during the 1st quarter worth approximately $29,000. Hughes Financial Services LLC acquired a new position in American Express during the 1st quarter valued at approximately $35,000. 1 North Wealth Services LLC purchased a new stake in shares of American Express in the 1st quarter valued at $37,000. Chung Wu Investment Group LLC purchased a new stake in shares of American Express in the 2nd quarter valued at $37,000. Finally, Abound Financial LLC purchased a new stake in shares of American Express in the 1st quarter valued at $41,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. HSBC set a $295.00 price target on shares of American Express and gave the stock a “hold” rating in a report on Friday, October 10th. 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 research report on Tuesday. Citigroup reiterated a “neutral” rating and issued a $327.00 target price (up from $300.00) on shares of American Express in a research report on Wednesday, July 2nd. UBS Group lifted their target price on shares of American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Finally, BTIG Research lifted their price target on shares of American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research report on Friday. Nine investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, American Express has an average rating of “Hold” and a consensus price target of $332.65.

American Express Stock Up 1.8%

Shares of NYSE:AXP opened at $355.76 on Wednesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.69. The stock has a market cap of $245.06 billion, a P/E ratio of 23.88, a P/E/G ratio of 1.85 and a beta of 1.29. The firm has a fifty day moving average price of $327.75 and a 200 day moving average price of $303.83. American Express Company has a 1-year low of $220.43 and a 1-year high of $356.67.

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 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 company had revenue of $18.43 billion for the quarter, compared to analysts’ expectations of $18.03 billion. During the same period in the previous year, the company posted $3.49 EPS. American Express’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. Sell-side analysts predict that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

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

Insider Buying and Selling at American Express

In related news, insider Laureen Seeger sold 61,721 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $297.47, for a total transaction of $18,360,145.87. Following the transaction, the insider directly owned 9,001 shares of the company’s stock, valued at approximately $2,677,527.47. The trade was a 87.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen J. Squeri sold 112,272 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the sale, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 269,996 shares of company stock worth $85,261,270. 0.20% of the stock is currently owned by insiders.

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.