Golden State Wealth Management LLC Has $1.21 Million Holdings in American Express Company $AXP

Golden State Wealth Management LLC lessened its holdings in shares of American Express Company (NYSE:AXP) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,779 shares of the payment services company’s stock after selling 173 shares during the quarter. Golden State Wealth Management LLC’s holdings in American Express were worth $1,206,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AXP. Brighton Jones LLC lifted its position in American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after acquiring an additional 1,273 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of American Express by 15.8% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 8,787 shares of the payment services company’s stock worth $2,364,000 after purchasing an additional 1,199 shares during the period. Flossbach Von Storch SE increased its holdings in shares of American Express by 0.4% during the first quarter. Flossbach Von Storch SE now owns 99,992 shares of the payment services company’s stock worth $26,903,000 after purchasing an additional 439 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in shares of American Express by 8.1% during the first quarter. Linden Thomas Advisory Services LLC now owns 14,146 shares of the payment services company’s stock worth $3,806,000 after purchasing an additional 1,065 shares during the period. Finally, Cornerstone Planning Group LLC increased its holdings in shares of American Express by 0.8% during the first quarter. Cornerstone Planning Group LLC now owns 5,236 shares of the payment services company’s stock worth $1,362,000 after purchasing an additional 40 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AXP has been the topic of several recent research reports. Wall Street Zen raised shares of American Express from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Wells Fargo & Company raised their target price on shares of American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. UBS Group raised their target price on shares of American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Finally, HSBC set a $295.00 price objective on shares of American Express and gave the company a “hold” rating in a research note on Friday, October 10th. Nine equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $332.65.

American Express Stock Performance

Shares of American Express stock opened at $365.95 on Thursday. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $367.82. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. The firm has a market capitalization of $252.09 billion, a P/E ratio of 24.56, a P/E/G ratio of 1.90 and a beta of 1.29. The company’s 50 day moving average price is $338.21 and its two-hundred day moving average price is $312.69.

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, beating analysts’ consensus estimates 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 analyst estimates of $18.03 billion. During the same quarter last year, the business posted $3.49 earnings per share. The company’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. On average, equities analysts forecast 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. Stockholders of record on Friday, October 10th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, October 10th. American Express’s payout ratio is 22.01%.

Insider Activity at American Express

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the transaction, the insider owned 123,613 shares in the company, valued at approximately $40,343,574.81. The trade was a 15.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas Tabish sold 2,515 shares of American Express stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total transaction of $894,359.15. Following the transaction, the insider owned 2,515 shares in the company, valued at approximately $894,359.15. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 193,292 shares of company stock valued at $65,363,878 in the last quarter. Insiders own 0.20% of the company’s stock.

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.