Brookstone Capital Management Decreases Holdings in American Express Company $AXP

Brookstone Capital Management reduced its position in American Express Company (NYSE:AXP) by 36.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 54,358 shares of the payment services company’s stock after selling 30,558 shares during the period. Brookstone Capital Management’s holdings in American Express were worth $17,339,000 as of its most recent SEC filing.

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

American Express Trading Up 1.8%

American Express stock opened at $355.76 on Wednesday. The firm has a 50 day simple moving average of $327.75 and a 200-day simple moving average of $303.83. 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 capitalization of $245.06 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. American Express Company has a 12-month low of $220.43 and a 12-month high of $356.67.

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

American Express Dividend Announcement

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

Insider Buying and Selling at American Express

In other American Express news, insider Anna Marrs sold 5,500 shares of the firm’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total value of $1,709,235.00. Following the sale, the insider directly owned 20,311 shares in the company, valued at $6,312,049.47. This trade represents a 21.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Glenda G. Mcneal sold 50,000 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the completion of the sale, the insider owned 10,957 shares in the company, valued at $3,391,191.50. This represents a 82.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 269,996 shares of company stock worth $85,261,270 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AXP. Citigroup restated a “neutral” rating and issued a $327.00 target price (up previously from $300.00) on shares of American Express in a research note on Wednesday, July 2nd. Truist Financial upped their target price on shares of American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research note on Monday. DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 target price on the stock in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on shares of American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Finally, Compass Point restated a “neutral” rating and issued a $324.00 target price on shares of American Express in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $332.65.

About American Express

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.