American Express Company $AXP Stock Holdings Increased by Mill Capital Management LLC

Mill Capital Management LLC raised its position in shares of American Express Company (NYSE:AXP) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,379 shares of the payment services company’s stock after acquiring an additional 88 shares during the period. American Express makes up approximately 3.1% of Mill Capital Management LLC’s holdings, making the stock its 8th biggest holding. Mill Capital Management LLC’s holdings in American Express were worth $39,993,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Capital Asset Advisory Services LLC raised its holdings in shares of American Express by 2.8% during the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock worth $384,000 after acquiring an additional 32 shares in the last quarter. DLK Investment Management LLC raised its holdings in shares of American Express by 3.8% during the 2nd quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock worth $277,000 after acquiring an additional 32 shares in the last quarter. Financial Engines Advisors L.L.C. raised its holdings in shares of American Express by 4.7% during the 1st quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock worth $208,000 after acquiring an additional 35 shares in the last quarter. Modern Wealth Management LLC raised its holdings in shares of American Express by 0.7% during the 1st quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock worth $1,324,000 after acquiring an additional 35 shares in the last quarter. Finally, Greenfield Savings Bank raised its holdings in shares of American Express by 0.3% during the 2nd quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock worth $4,184,000 after acquiring an additional 35 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other American Express news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was 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 represents a 15.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 value of $1,753,650.00. Following the completion of the sale, the insider owned 7,726 shares of the company’s stock, valued at $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 222,011 shares of company stock worth $70,725,044 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AXP shares. Keefe, Bruyette & Woods upped their price objective on American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Compass Point reissued a “neutral” rating and set a $324.00 target price on shares of American Express in a research report on Monday, October 20th. Wall Street Zen raised American Express from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley boosted their target price on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Finally, Wells Fargo & Company boosted their target price on American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Nine analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $332.65.

American Express Stock Performance

Shares of American Express stock opened at $360.70 on Friday. The stock’s fifty day moving average is $335.65 and its two-hundred day moving average is $310.00. The company has a market capitalization of $248.47 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 1.90 and a beta of 1.29. 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 52 week low of $220.43 and a 52 week high of $365.75.

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

American Express Dividend Announcement

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