Nixon Peabody Trust Co. Buys 283 Shares of American Express Company $AXP

Nixon Peabody Trust Co. boosted its stake in shares of American Express Company (NYSE:AXP) by 3.9% during the second quarter, Holdings Channel.com reports. The fund owned 7,627 shares of the payment services company’s stock after acquiring an additional 283 shares during the period. Nixon Peabody Trust Co.’s holdings in American Express were worth $2,433,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AXP. Trustco Bank Corp N Y grew its holdings in shares of American Express by 3.4% during the 2nd quarter. Trustco Bank Corp N Y now owns 9,059 shares of the payment services company’s stock worth $2,890,000 after purchasing an additional 300 shares in the last quarter. Hibernia Wealth Partners LLC acquired a new stake in American Express during the second quarter worth about $427,000. Intrua Financial LLC acquired a new stake in American Express during the second quarter worth about $261,000. Arvest Bank Trust Division increased its holdings in American Express by 0.8% in the 2nd quarter. Arvest Bank Trust Division now owns 24,310 shares of the payment services company’s stock valued at $7,754,000 after buying an additional 189 shares during the period. Finally, Fiera Capital Corp raised its position in shares of American Express by 41.9% in the 2nd quarter. Fiera Capital Corp now owns 69,212 shares of the payment services company’s stock valued at $22,077,000 after buying an additional 20,441 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Price Performance

AXP stock opened at $364.26 on Friday. The company has a market capitalization of $250.92 billion, a P/E ratio of 24.45, a PEG ratio of 1.90 and a beta of 1.27. The company has a fifty day moving average price of $342.89 and a 200-day moving average price of $316.91. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. American Express Company has a 52-week low of $220.43 and a 52-week high of $377.23.

American Express (NYSE:AXP) last posted its quarterly earnings data 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 $17.14 billion during the quarter, compared to the consensus estimate of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.American Express’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, equities analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Friday, October 10th were given 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 was Friday, October 10th. American Express’s dividend payout ratio (DPR) is 22.01%.

Insider Buying and Selling

In related news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the company’s stock in a transaction that occurred 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 sale, the insider directly owned 123,613 shares in the company, valued at $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Elizabeth Rutledge sold 50,000 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the sale, the chief marketing officer directly owned 85,577 shares of the company’s stock, valued at $30,825,691.17. This represents a 36.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 193,292 shares of company stock valued at $65,363,878 over the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AXP shares. Compass Point reissued a “neutral” rating and issued a $324.00 price objective on shares of American Express in a research note on Monday, October 20th. BTIG Research raised their target price on American Express from $277.00 to $307.00 and gave the company a “sell” rating in a report on Friday, October 17th. Wall Street Zen cut American Express from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Barclays raised their price objective on American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Finally, Wells Fargo & Company lifted their target price on American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Eight research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.