American Express Company $AXP Shares Purchased by Brookwood Investment Group LLC

Brookwood Investment Group LLC increased its position in American Express Company (NYSE:AXP) by 39.3% in the second quarter, HoldingsChannel.com reports. The fund owned 2,596 shares of the payment services company’s stock after buying an additional 732 shares during the period. Brookwood Investment Group LLC’s holdings in American Express were worth $828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc purchased a new position in American Express in the 2nd quarter worth $26,000. MorganRosel Wealth Management LLC purchased a new position in American Express in the 1st quarter worth $29,000. Chung Wu Investment Group LLC purchased a new position in American Express in the 2nd quarter worth $37,000. Solstein Capital LLC purchased a new position in American Express in the 2nd quarter worth $39,000. Finally, Hughes Financial Services LLC purchased a new position in American Express in the 1st quarter worth $35,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Price Performance

Shares of American Express stock opened at $361.49 on Tuesday. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. American Express Company has a twelve month low of $220.43 and a twelve month high of $362.84. The business has a 50-day moving average price of $331.71 and a 200 day moving average price of $307.38. The firm has a market cap of $249.01 billion, a PE ratio of 24.26, a P/E/G ratio of 1.86 and a beta of 1.29.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.16. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm had revenue of $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. During the same quarter in the previous year, the business earned $3.49 EPS. American Express’s revenue for the quarter 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 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently declared 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 dividend yield of 0.9%. The ex-dividend date is Friday, October 10th. American Express’s payout ratio is currently 22.01%.

Insider Buying and Selling

In related news, insider Denise Pickett sold 5,000 shares of American Express 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 sale, the insider directly owned 7,726 shares in the company, valued at approximately $2,709,739.98. The trade was a 39.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Douglas Tabish sold 2,515 shares of American Express stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the sale, the insider owned 2,515 shares in the company, valued at approximately $894,359.15. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 222,011 shares of company stock worth $70,725,044 in the last quarter. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

AXP has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods lifted their price objective on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Morgan Stanley lifted their price objective on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. BTIG Research lifted their price objective on American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research note on Friday, October 17th. Finally, Weiss Ratings upgraded American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, American Express currently has a consensus rating of “Hold” and an average price target of $332.65.

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.