Davis R M Inc. Boosts Stock Holdings in American Express Company $AXP

Davis R M Inc. grew its position in American Express Company (NYSE:AXP) by 21.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,854 shares of the payment services company’s stock after buying an additional 322 shares during the quarter. Davis R M Inc.’s holdings in American Express were worth $591,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AXP. R Squared Ltd acquired a new position in American Express during the 1st quarter worth approximately $509,000. Mackenzie Financial Corp grew its stake in shares of American Express by 6.6% during the first quarter. Mackenzie Financial Corp now owns 60,634 shares of the payment services company’s stock worth $16,314,000 after purchasing an additional 3,776 shares in the last quarter. Nordea Investment Management AB increased its holdings in American Express by 2.2% in the second quarter. Nordea Investment Management AB now owns 2,267,377 shares of the payment services company’s stock valued at $721,525,000 after buying an additional 49,593 shares during the last quarter. Bridgewater Advisors Inc. acquired a new stake in American Express in the first quarter valued at $2,185,000. Finally, Dempze Nancy E lifted its holdings in American Express by 210.2% during the 2nd quarter. Dempze Nancy E now owns 3,459 shares of the payment services company’s stock worth $1,103,000 after buying an additional 2,344 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express stock in a transaction on Tuesday, September 2nd. The shares were 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. This trade represents a 15.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Douglas Tabish sold 2,515 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total transaction of $894,359.15. Following the completion of the transaction, the insider directly owned 2,515 shares in the company, valued at $894,359.15. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 193,292 shares of company stock worth $65,363,878. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AXP shares. Evercore ISI increased their price objective on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Barclays increased their price target 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. Truist Financial boosted their price objective on shares of American Express from $375.00 to $395.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. HSBC set a $295.00 target price on shares of American Express and gave the company a “hold” rating in a research report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Eight 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $332.65.

American Express Stock Down 0.2%

Shares of NYSE:AXP opened at $367.93 on Tuesday. American Express Company has a 1-year low of $220.43 and a 1-year high of $371.80. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. The stock has a market cap of $253.45 billion, a P/E ratio of 24.69, a P/E/G ratio of 1.90 and a beta of 1.27. The firm has a fifty day moving average price of $340.46 and a 200 day moving average price of $315.45.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates 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 $18.43 billion during the quarter, compared to analysts’ expectations of $18.03 billion. During the same period in the prior year, the company earned $3.49 earnings per share. The business’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. Sell-side analysts predict that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were given 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 (DPR) is presently 22.01%.

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.