Brookwood Investment Group LLC Raises Stock Holdings in American Express Company $AXP

Brookwood Investment Group LLC lifted its holdings in American Express Company (NYSE:AXP) by 39.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,596 shares of the payment services company’s stock after buying an additional 732 shares during the quarter. Brookwood Investment Group LLC’s holdings in American Express were worth $828,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AXP. Briaud Financial Planning Inc purchased a new stake in shares of American Express in the second quarter worth approximately $26,000. MorganRosel Wealth Management LLC purchased a new stake in shares of American Express in the first quarter worth approximately $29,000. Hughes Financial Services LLC purchased a new stake in shares of American Express in the first quarter worth approximately $35,000. 1 North Wealth Services LLC purchased a new stake in shares of American Express in the first quarter worth approximately $37,000. Finally, Chung Wu Investment Group LLC purchased a new stake in shares of American Express in the second quarter worth approximately $37,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Stock Up 1.1%

Shares of NYSE AXP opened at $361.49 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $249.01 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 1.86 and a beta of 1.29. The stock’s fifty day simple moving average is $331.71 and its two-hundred day simple moving average is $307.38. American Express Company has a 12-month low of $220.43 and a 12-month high of $362.84.

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 business had revenue of $18.43 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, analysts expect that American Express Company will post 15.33 EPS 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 given a $0.82 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. American Express’s dividend payout ratio (DPR) is presently 22.01%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AXP. DZ Bank upgraded American Express from a “sell” rating to a “hold” rating and set a $340.00 price target on the stock in a report on Tuesday, October 21st. HSBC set a $295.00 price objective on American Express and gave the stock a “hold” rating in a research note on Friday, October 10th. Wells Fargo & Company increased their price objective on American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. UBS Group increased their price objective on American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Finally, Morgan Stanley increased their price objective on American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Nine research 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $332.65.

Insider Transactions at American Express

In other news, insider Denise Pickett sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total value of $1,753,650.00. Following the completion of the sale, the insider owned 7,726 shares of the company’s stock, valued at $2,709,739.98. This trade represents a 39.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas Tabish sold 2,515 shares of the firm’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the sale, the insider directly owned 2,515 shares of the company’s stock, valued at $894,359.15. The trade was a 50.00% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 222,011 shares of company stock worth $70,725,044. 0.20% of the stock is currently owned by corporate insiders.

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.