MeadowBrook Investment Advisors LLC Sells 50 Shares of American Express Company $AXP

MeadowBrook Investment Advisors LLC cut its position in American Express Company (NYSE:AXP) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,124 shares of the payment services company’s stock after selling 50 shares during the period. American Express comprises 1.5% of MeadowBrook Investment Advisors LLC’s portfolio, making the stock its 14th largest holding. MeadowBrook Investment Advisors LLC’s holdings in American Express were worth $1,634,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after buying an additional 1,273 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in shares of American Express by 1.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 4,438 shares of the payment services company’s stock worth $1,194,000 after buying an additional 44 shares in the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of American Express by 24.8% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 635 shares of the payment services company’s stock worth $171,000 after buying an additional 126 shares in the last quarter. Mather Group LLC. grew its stake in shares of American Express by 8.4% in the 1st quarter. Mather Group LLC. now owns 6,072 shares of the payment services company’s stock worth $1,634,000 after buying an additional 473 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in shares of American Express by 13.3% in the 1st quarter. Vontobel Holding Ltd. now owns 43,705 shares of the payment services company’s stock worth $11,759,000 after buying an additional 5,129 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Trading Down 0.8%

Shares of AXP opened at $357.99 on Thursday. American Express Company has a 1-year low of $220.43 and a 1-year high of $362.84. The company has a 50-day moving average of $333.81 and a 200 day moving average of $308.93. The firm has a market capitalization of $246.60 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 1.92 and a beta of 1.29. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59.

American Express (NYSE:AXP) last posted its quarterly earnings results 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. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business had revenue of $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. During the same quarter in the previous year, the business posted $3.49 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, research analysts expect that American Express Company will post 15.33 EPS for the current 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 $0.82 dividend. The ex-dividend date is Friday, October 10th. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. American Express’s payout ratio is currently 22.01%.

Analysts Set New Price Targets

AXP has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on shares of American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, July 21st. HSBC set a $295.00 target price on shares of American Express and gave the stock a “hold” rating in a report on Friday, October 10th. Royal Bank Of Canada restated an “outperform” rating on shares of American Express in a report on Monday, July 14th. Finally, Barclays raised their target price on shares of American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Nine equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $332.65.

Insiders Place Their Bets

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total value of $7,671,326.85. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Douglas Tabish sold 2,515 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total transaction of $894,359.15. Following the completion of the sale, the insider owned 2,515 shares of the company’s stock, valued at approximately $894,359.15. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 222,011 shares of company stock worth $70,725,044. 0.20% of the stock is owned by corporate insiders.

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.