J. W. Coons Advisors LLC Sells 175 Shares of American Express Company $AXP
by Teresa Graham · The Cerbat GemJ. W. Coons Advisors LLC trimmed its position in shares of American Express Company (NYSE:AXP – Free Report) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,232 shares of the payment services company’s stock after selling 175 shares during the period. J. W. Coons Advisors LLC’s holdings in American Express were worth $1,350,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of AXP. Nuveen LLC bought a new stake in American Express during the first quarter valued at about $1,454,667,000. Wellington Management Group LLP boosted its holdings in American Express by 13.7% during the first quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock valued at $4,849,777,000 after acquiring an additional 2,168,445 shares during the period. Goldman Sachs Group Inc. boosted its holdings in American Express by 25.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company’s stock valued at $1,278,711,000 after acquiring an additional 965,221 shares during the period. Provident Trust Co. boosted its holdings in American Express by 136.6% during the second quarter. Provident Trust Co. now owns 1,108,971 shares of the payment services company’s stock valued at $353,740,000 after acquiring an additional 640,214 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in American Express by 1.3% during the first quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock valued at $12,334,299,000 after acquiring an additional 605,900 shares during the period. 84.33% of the stock is currently owned by institutional investors.
American Express Stock Performance
NYSE:AXP opened at $361.47 on Tuesday. American Express Company has a 12-month low of $220.43 and a 12-month high of $365.75. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $249.00 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 1.90 and a beta of 1.29. The firm has a 50-day moving average price of $336.56 and a 200 day moving average price of $311.54.
American Express (NYSE:AXP – Get Free Report) last posted its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The firm had revenue of $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. During the same quarter in the prior year, the business posted $3.49 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Research analysts anticipate that American Express Company will post 15.33 earnings per share for the current fiscal year.
American Express Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s dividend payout ratio is currently 22.01%.
Wall Street Analyst Weigh In
AXP has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of American Express in a report on Monday, July 14th. Keefe, Bruyette & Woods upped their price objective on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Barclays upped 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 report on Monday, October 20th. UBS Group upped their price objective on shares of American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Finally, Wall Street Zen raised shares of American Express from a “hold” rating to a “buy” rating in a research report on Saturday. Nine research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $332.65.
Get Our Latest Stock Analysis on American Express
Insider Activity
In other American Express news, insider Denise Pickett sold 5,000 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 7,726 shares of the company’s stock, valued at approximately $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laureen Seeger sold 16,998 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $294.83, for a total transaction of $5,011,520.34. Following the sale, the insider directly owned 9,001 shares in the company, valued at $2,653,764.83. This represents a 65.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 160,290 shares of company stock valued at $52,364,898. Corporate insiders own 0.20% of the company’s stock.
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.
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