Birchcreek Wealth Management LLC Sells 177 Shares of American Express Company $AXP

Birchcreek Wealth Management LLC decreased its stake in shares of American Express Company (NYSE:AXP) by 12.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,288 shares of the payment services company’s stock after selling 177 shares during the quarter. Birchcreek Wealth Management LLC’s holdings in American Express were worth $411,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of AXP. Midland Wealth Advisors LLC boosted its stake in American Express by 1.0% during the second quarter. Midland Wealth Advisors LLC now owns 3,839 shares of the payment services company’s stock worth $1,225,000 after acquiring an additional 38 shares in the last quarter. Ibex Wealth Advisors raised its holdings in shares of American Express by 7.2% during the second quarter. Ibex Wealth Advisors now owns 18,056 shares of the payment services company’s stock valued at $5,759,000 after purchasing an additional 1,219 shares during the period. Vise Technologies Inc. bought a new position in shares of American Express during the 2nd quarter worth about $8,081,000. Allworth Financial LP boosted its position in shares of American Express by 42.0% during the 2nd quarter. Allworth Financial LP now owns 175,881 shares of the payment services company’s stock worth $56,102,000 after purchasing an additional 52,042 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in shares of American Express by 20.8% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 47,983 shares of the payment services company’s stock valued at $15,306,000 after buying an additional 8,249 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of American Express stock opened at $368.90 on Monday. The business’s fifty day simple moving average is $339.73 and its 200 day simple moving average is $314.74. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. American Express Company has a 12 month low of $220.43 and a 12 month high of $370.00. The firm has a market capitalization of $254.12 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.16. The firm 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%.The business’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, October 10th. American Express’s payout ratio is presently 22.01%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AXP shares. UBS Group increased their target price on American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Wells Fargo & Company upped their price objective on shares of American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a report on Monday, July 21st. DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 target price on the stock in a report on Tuesday, October 21st. Finally, Morgan Stanley raised their price target on shares of American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Eight research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, American Express has a consensus rating of “Hold” and an average target price of $332.65.

Insider Activity

In other American Express news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction on Tuesday, September 2nd. The stock was 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 of the company’s stock, valued at approximately $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen J. Squeri sold 112,272 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the sale, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at $30,614,306.60. This represents a 54.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 193,292 shares of company stock worth $65,363,878. 0.20% of the stock is owned by insiders.

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.