Koshinski Asset Management Inc. Has $1.44 Million Stake in American Express Company $AXP

Koshinski Asset Management Inc. increased its stake in American Express Company (NYSE:AXP) by 1.6% in the 2nd quarter, Holdings Channel reports. The firm owned 4,508 shares of the payment services company’s stock after purchasing an additional 70 shares during the period. Koshinski Asset Management Inc.’s holdings in American Express were worth $1,438,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new stake in American Express during the first quarter valued at about $29,000. Chung Wu Investment Group LLC bought a new position in shares of American Express in the second quarter worth about $37,000. Hughes Financial Services LLC acquired a new position in shares of American Express during the 1st quarter worth about $35,000. Proffitt & Goodson Inc. bought a new stake in American Express during the 2nd quarter valued at approximately $41,000. Finally, 1 North Wealth Services LLC acquired a new stake in American Express in the 1st quarter valued at approximately $37,000. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on AXP shares. Evercore ISI upped their price target on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a research note on Monday, July 14th. HSBC set a $295.00 price target on shares of American Express and gave the company a “hold” rating in a report on Friday, October 10th. DZ Bank downgraded shares of American Express from a “hold” rating to a “sell” rating in a report on Monday, July 21st. Finally, Barclays increased their target price on shares of American Express from $297.00 to $336.00 and gave the company a “cautious” rating in a research note on Monday, October 6th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $323.60.

Insider Buying and Selling at American Express

In other American Express news, insider Laureen Seeger sold 61,721 shares of American Express stock in a transaction 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 completion of the transaction, the insider directly owned 9,001 shares of the company’s stock, valued at approximately $2,677,527.47. This trade represents a 87.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business’s 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 completion of the sale, the insider owned 123,613 shares in the company, valued at $40,343,574.81. This represents a 15.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 269,996 shares of company stock worth $85,261,270 over the last three months. 0.20% of the stock is currently owned by insiders.

American Express Trading Up 7.2%

Shares of AXP stock opened at $346.45 on Friday. The firm has a fifty day moving average of $325.64 and a 200-day moving average of $302.28. The stock has a market cap of $241.09 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 1.82 and a beta of 1.29. American Express Company has a 52-week low of $220.43 and a 52-week high of $349.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61.

American Express (NYSE:AXP) last posted 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 14.78% and a return on equity of 32.87%. The business had revenue of $18.43 billion for the quarter, compared to analysts’ expectations of $18.03 billion. During the same quarter in the previous year, the firm posted $3.49 earnings per share. The firm’s revenue for the quarter 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 research analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be issued a $0.82 dividend. The ex-dividend date of this dividend 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 is presently 23.02%.

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.