Members Trust Co Buys 500 Shares of American Express Company $AXP

Members Trust Co grew its stake in American Express Company (NYSE:AXP) by 31.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,111 shares of the payment services company’s stock after purchasing an additional 500 shares during the period. Members Trust Co’s holdings in American Express were worth $673,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of American Express by 5.5% in the 1st quarter. Principal Financial Group Inc. now owns 680,308 shares of the payment services company’s stock valued at $183,037,000 after purchasing an additional 35,295 shares during the last quarter. Pinnacle Financial Partners Inc raised its holdings in shares of American Express by 1.4% in the first quarter. Pinnacle Financial Partners Inc now owns 167,534 shares of the payment services company’s stock worth $45,243,000 after buying an additional 2,259 shares during the period. R Squared Ltd purchased a new stake in shares of American Express in the first quarter worth approximately $509,000. Mirae Asset Global Investments Co. Ltd. grew its position in American Express by 6.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,458 shares of the payment services company’s stock valued at $25,088,000 after acquiring an additional 5,693 shares during the last quarter. Finally, Navis Wealth Advisors LLC grew its position in American Express by 368.7% in the 1st quarter. Navis Wealth Advisors LLC now owns 3,548 shares of the payment services company’s stock valued at $955,000 after acquiring an additional 2,791 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express 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 directly owned 123,613 shares in the company, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the transaction, the chief executive officer owned 92,810 shares in the company, valued at $30,614,306.60. This represents a 54.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 269,996 shares of company stock worth $85,261,270. Insiders own 0.20% of the company’s stock.

American Express Trading Up 1.8%

Shares of NYSE AXP opened at $355.76 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The business has a fifty day simple moving average of $327.75 and a two-hundred day simple moving average of $303.83. The firm has a market cap 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 twelve month low of $220.43 and a twelve 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, beating analysts’ consensus estimates of $3.98 by $0.16. The business had revenue of $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.American Express’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Analysts expect that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The business 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 $0.82 dividend. 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%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AXP shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of American Express in a research report on Monday, July 14th. Truist Financial upped their price objective on American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley upped their price objective 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. Barclays upped their price objective on American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods upped their price objective on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Nine research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average 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.