American Express Company $AXP is Ironwood Investment Counsel LLC’s 7th Largest Position

Ironwood Investment Counsel LLC increased its holdings in shares of American Express Company (NYSE:AXP) by 0.9% in the second quarter, Holdings Channel reports. The firm owned 38,947 shares of the payment services company’s stock after buying an additional 358 shares during the period. American Express comprises 1.8% of Ironwood Investment Counsel LLC’s investment portfolio, making the stock its 7th largest holding. Ironwood Investment Counsel LLC’s holdings in American Express were worth $12,423,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AXP. National Pension Service increased its position in shares of American Express by 1.0% during the second quarter. National Pension Service now owns 1,122,097 shares of the payment services company’s stock valued at $357,927,000 after acquiring an additional 11,095 shares during the last quarter. Advyzon Investment Management LLC lifted its holdings in shares of American Express by 27.3% in the 2nd quarter. Advyzon Investment Management LLC now owns 1,123 shares of the payment services company’s stock worth $358,000 after acquiring an additional 241 shares during the last quarter. VeraBank N.A. boosted its position in shares of American Express by 54.2% during the 2nd quarter. VeraBank N.A. now owns 4,304 shares of the payment services company’s stock worth $1,373,000 after purchasing an additional 1,513 shares during the period. Avalon Capital Management purchased a new position in shares of American Express during the 2nd quarter worth approximately $644,000. Finally, PCG Asset Management LLC acquired a new stake in American Express in the 2nd quarter valued at approximately $241,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the topic of a number of research reports. BTIG Research upped their price target on American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research note on Friday, October 17th. JPMorgan Chase & Co. boosted their price objective on American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Morgan Stanley raised their target price on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Barclays lifted their target price on American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Finally, Evercore ISI boosted their price target on shares of American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Eight analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, American Express currently has a consensus rating of “Hold” and a consensus price target of $332.65.

American Express Trading Up 0.6%

AXP opened at $370.04 on Wednesday. The business has a fifty day moving average price of $341.23 and a 200 day moving average price of $316.19. 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 Company has a 12 month low of $220.43 and a 12 month high of $373.08. The stock has a market capitalization of $254.90 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 1.90 and a beta of 1.27.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. The company had revenue of $18.43 billion for 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%.American Express’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Sell-side analysts expect that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were paid a $0.82 dividend. The ex-dividend date was Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. American Express’s payout ratio is currently 22.01%.

Insider Activity at American Express

In other news, insider Denise Pickett sold 5,000 shares of American Express stock in a transaction on 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 completion of the sale, the insider directly owned 7,726 shares of the company’s stock, valued at approximately $2,709,739.98. The trade was a 39.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Elizabeth Rutledge sold 50,000 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the transaction, the chief marketing officer owned 85,577 shares of the company’s stock, valued at approximately $30,825,691.17. The trade was a 36.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 193,292 shares of company stock worth $65,363,878 over the last ninety days. 0.20% of the stock is currently owned by 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.