Pinnacle Financial Group LLC IL Takes Position in American Express Company $AXP

Pinnacle Financial Group LLC IL purchased a new position in shares of American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 661 shares of the payment services company’s stock, valued at approximately $211,000.

Other large investors have also bought and sold shares of the company. Briaud Financial Planning Inc acquired a new position in American Express during the 2nd quarter worth approximately $26,000. Access Investment Management LLC acquired a new stake in American Express in the second quarter valued at approximately $26,000. 1 North Wealth Services LLC bought a new stake in shares of American Express during the first quarter worth $37,000. Chung Wu Investment Group LLC acquired a new position in shares of American Express during the second quarter worth $37,000. Finally, Solstein Capital LLC bought a new position in shares of American Express in the 2nd quarter valued at $39,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AXP shares. Wall Street Zen cut American Express from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Evercore ISI boosted their price target on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft upped their price objective on American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Compass Point reissued a “neutral” rating and set a $324.00 target price on shares of American Express in a report on Monday, October 20th. Finally, Wells Fargo & Company lifted their price target 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. Eight investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, American Express has a consensus rating of “Hold” and a consensus price target of $332.65.

American Express Trading Down 2.2%

Shares of AXP stock opened at $356.87 on Monday. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $377.23. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. The stock has a 50 day simple moving average of $343.50 and a two-hundred day simple moving average of $318.27. The company has a market cap of $245.83 billion, a P/E ratio of 23.95, a PEG ratio of 1.90 and a beta of 1.27.

American Express (NYSE:AXP) last issued its 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 business had revenue of $17.14 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same period in the prior year, the firm earned $3.49 earnings per share. American Express’s revenue was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Research analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

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 dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, October 10th. American Express’s dividend payout ratio is 22.01%.

Insiders Place Their Bets

In other American Express news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total value of $7,671,326.85. Following the completion of the sale, the insider owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Denise Pickett sold 5,000 shares of the 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 transaction, the insider owned 7,726 shares in the company, valued at approximately $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 193,292 shares of company stock valued at $65,363,878. 0.20% of the stock is currently owned by corporate 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.