WASHINGTON TRUST Co Raises Stock Holdings in American Express Company $AXP

WASHINGTON TRUST Co grew its position in shares of American Express Company (NYSE:AXP) by 10.1% in the second quarter, Holdings Channel reports. The fund owned 5,161 shares of the payment services company’s stock after buying an additional 474 shares during the quarter. WASHINGTON TRUST Co’s holdings in American Express were worth $1,646,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ABN Amro Investment Solutions purchased a new stake in American Express during the second quarter valued at $22,961,000. Better Money Decisions LLC purchased a new stake in shares of American Express during the 2nd quarter valued at about $203,000. Impax Asset Management Group plc raised its position in shares of American Express by 78.0% during the 2nd quarter. Impax Asset Management Group plc now owns 19,218 shares of the payment services company’s stock valued at $6,130,000 after buying an additional 8,421 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of American Express by 3.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 83,641 shares of the payment services company’s stock valued at $26,680,000 after acquiring an additional 2,860 shares during the last quarter. Finally, Austin Wealth Management LLC grew its position in American Express by 2.4% in the second quarter. Austin Wealth Management LLC now owns 1,488 shares of the payment services company’s stock worth $445,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Activity

In other American Express news, insider Denise Pickett sold 5,000 shares of the company’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 directly owned 7,726 shares in the company, valued at approximately $2,709,739.98. This represents a 39.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction 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 transaction, the insider directly owned 123,613 shares in the company, valued at $40,343,574.81. The trade was a 15.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 193,292 shares of company stock valued at $65,363,878. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AXP shares. Morgan Stanley upped their price objective on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. JPMorgan Chase & Co. raised their price target on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. BTIG Research lifted their price objective on shares of American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research note on Friday, October 17th. Truist Financial increased their target price on shares of American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Finally, Barclays lifted their price target on shares of American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $332.65.

American Express Stock Down 2.3%

Shares of AXP opened at $364.26 on Friday. The firm has a fifty day moving average price of $342.89 and a 200-day moving average price of $316.91. 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 firm has a market capitalization of $250.92 billion, a P/E ratio of 24.45, a P/E/G ratio of 1.90 and a beta of 1.27. American Express Company has a 12-month low of $220.43 and a 12-month high of $377.23.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 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 company had revenue of $17.14 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same quarter last year, the firm posted $3.49 EPS. The firm’s 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. Equities research analysts expect that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Friday, October 10th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was 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 22.01%.

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.