J. W. Coons Advisors LLC Sells 175 Shares of American Express Company $AXP

J. W. Coons Advisors LLC reduced its stake in shares of American Express Company (NYSE:AXP) by 4.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,232 shares of the payment services company’s stock after selling 175 shares during the quarter. J. W. Coons Advisors LLC’s holdings in American Express were worth $1,350,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Capital Asset Advisory Services LLC grew its stake in shares of American Express by 2.8% during the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock valued at $384,000 after purchasing an additional 32 shares during the last quarter. DLK Investment Management LLC boosted its stake in American Express by 3.8% in the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after acquiring an additional 32 shares during the last quarter. Financial Engines Advisors L.L.C. boosted its stake in American Express by 4.7% in the first quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock valued at $208,000 after acquiring an additional 35 shares during the last quarter. Modern Wealth Management LLC boosted its stake in American Express by 0.7% in the first quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock valued at $1,324,000 after acquiring an additional 35 shares during the last quarter. Finally, Greenfield Savings Bank boosted its stake in American Express by 0.3% in the second quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock valued at $4,184,000 after acquiring an additional 35 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

Insider Transactions at American Express

In related news, insider Denise Pickett sold 5,000 shares of the company’s 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 in the company, valued at $2,709,739.98. This represents a 39.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the company’s stock in a transaction on 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 sale, the insider owned 123,613 shares of the company’s stock, valued at $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 160,290 shares of company stock worth $52,364,898. Corporate insiders own 0.20% of the company’s stock.

American Express Trading Up 0.2%

Shares of AXP opened at $361.47 on Tuesday. The firm’s 50 day simple moving average is $336.56 and its 200 day simple moving average is $311.54. The company has a market capitalization of $249.00 billion, a P/E ratio of 24.26, a P/E/G ratio of 1.90 and a beta of 1.29. 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 1-year low of $220.43 and a 1-year high of $365.75.

American Express (NYSE:AXP) last announced its earnings results 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 $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%. American Express’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Sell-side analysts forecast that American Express Company will post 15.33 earnings per share 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 $0.82 dividend. 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 payout ratio is presently 22.01%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AXP. Keefe, Bruyette & Woods raised their price objective on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Wall Street Zen raised shares of American Express from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays raised their price objective on shares of American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. 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, Monness Crespi & Hardt lowered shares of American Express from a “buy” rating to a “neutral” rating in a report on Tuesday, July 15th. Nine analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $332.65.

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.