Creekmur Asset Management LLC Has $1.22 Million Stock Position in American Express Company $AXP

Creekmur Asset Management LLC raised its holdings in American Express Company (NYSE:AXP) by 46.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,814 shares of the payment services company’s stock after acquiring an additional 1,206 shares during the quarter. Creekmur Asset Management LLC’s holdings in American Express were worth $1,216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kovack Advisors Inc. increased its position in American Express by 3.5% in the 2nd quarter. Kovack Advisors Inc. now owns 3,590 shares of the payment services company’s stock valued at $1,145,000 after acquiring an additional 122 shares during the period. IFG Advisory LLC raised its holdings in American Express by 1.1% during the 2nd quarter. IFG Advisory LLC now owns 8,200 shares of the payment services company’s stock worth $2,616,000 after purchasing an additional 86 shares during the last quarter. Amplius Wealth Advisors LLC raised its holdings in American Express by 2.8% during the 2nd quarter. Amplius Wealth Advisors LLC now owns 1,676 shares of the payment services company’s stock worth $535,000 after purchasing an additional 46 shares during the last quarter. Provident Trust Co. raised its holdings in American Express by 136.6% during the 2nd quarter. Provident Trust Co. now owns 1,108,971 shares of the payment services company’s stock worth $353,740,000 after purchasing an additional 640,214 shares during the last quarter. Finally, Buckhead Capital Management LLC increased its position in shares of American Express by 0.3% during the second quarter. Buckhead Capital Management LLC now owns 13,157 shares of the payment services company’s stock worth $4,197,000 after buying an additional 40 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on AXP. Barclays increased their price objective on shares of American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Monness Crespi & Hardt cut shares of American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. Compass Point reiterated a “neutral” rating and set a $324.00 price objective on shares of American Express in a research report on Monday, October 20th. Finally, DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective for the company in a research report on Tuesday, October 21st. Nine analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $332.65.

Insider Activity

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express stock in a transaction dated 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 transaction, the insider directly owned 123,613 shares in the company, valued at $40,343,574.81. This trade represents a 15.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Denise Pickett sold 5,000 shares of American Express stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the transaction, the insider owned 7,726 shares of the company’s stock, valued at $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 222,011 shares of company stock valued at $70,725,044. 0.20% of the stock is currently owned by insiders.

American Express Trading Up 0.1%

NYSE:AXP opened at $358.73 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $247.11 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 1.90 and a beta of 1.29. The firm has a fifty day simple moving average of $334.81 and a two-hundred day simple moving average of $309.27. American Express Company has a 12 month low of $220.43 and a 12 month high of $365.75.

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, topping 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 business had revenue of $18.43 billion during the quarter, compared to analysts’ expectations of $18.03 billion. During the same period last year, the company posted $3.49 earnings per share. The business’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. Analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed 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 dividend payout ratio (DPR) is currently 22.01%.

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.