Parkside Financial Bank & Trust Purchases 574 Shares of American Express Company $AXP

Parkside Financial Bank & Trust raised its holdings in shares of American Express Company (NYSE:AXP) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,270 shares of the payment services company’s stock after acquiring an additional 574 shares during the period. Parkside Financial Bank & Trust’s holdings in American Express were worth $3,276,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AXP. Aviva PLC grew its holdings in shares of American Express by 1.0% during the 2nd quarter. Aviva PLC now owns 448,042 shares of the payment services company’s stock valued at $142,916,000 after purchasing an additional 4,421 shares during the last quarter. Prospera Financial Services Inc lifted its stake in American Express by 8.8% in the second quarter. Prospera Financial Services Inc now owns 62,144 shares of the payment services company’s stock worth $19,827,000 after purchasing an additional 5,045 shares during the last quarter. Bensler LLC boosted its position in American Express by 4.1% during the second quarter. Bensler LLC now owns 33,000 shares of the payment services company’s stock valued at $10,526,000 after buying an additional 1,306 shares during the period. AE Wealth Management LLC increased its holdings in shares of American Express by 11.2% in the second quarter. AE Wealth Management LLC now owns 14,255 shares of the payment services company’s stock worth $4,547,000 after buying an additional 1,435 shares during the period. Finally, Stokes Family Office LLC increased its holdings in shares of American Express by 5.7% in the second quarter. Stokes Family Office LLC now owns 5,605 shares of the payment services company’s stock worth $1,788,000 after buying an additional 301 shares during the period. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Express

In other news, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the transaction, the chief executive officer owned 92,810 shares in the company, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value of $1,753,650.00. Following the sale, the insider owned 7,726 shares of the company’s stock, valued at approximately $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 193,292 shares of company stock valued at $65,363,878. Company insiders own 0.20% of the company’s stock.

American Express Price Performance

AXP stock opened at $368.90 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $254.12 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. American Express Company has a 52-week low of $220.43 and a 52-week high of $370.00. The stock’s fifty day simple moving average is $339.73 and its 200-day simple moving average is $313.93.

American Express (NYSE:AXP) last issued its earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. The business had revenue of $18.43 billion for the quarter, compared to the consensus estimate of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities research analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s dividend payout ratio (DPR) is 22.01%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Evercore ISI increased their price target on shares of American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada reissued an “outperform” rating on shares of American Express in a report on Monday, July 14th. JPMorgan Chase & Co. upped their target price on American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $332.65.

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.