Hantz Financial Services Inc. Has $312,000 Stock Holdings in American Express Company $AXP

Hantz Financial Services Inc. increased its holdings in shares of American Express Company (NYSE:AXP) by 133.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 977 shares of the payment services company’s stock after purchasing an additional 558 shares during the period. Hantz Financial Services Inc.’s holdings in American Express were worth $312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. R Squared Ltd bought a new position in American Express during the first quarter valued at $509,000. U.S. Capital Wealth Advisors LLC lifted its position in shares of American Express by 15.8% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 8,787 shares of the payment services company’s stock valued at $2,364,000 after buying an additional 1,199 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of American Express by 6.6% during the 1st quarter. Mackenzie Financial Corp now owns 60,634 shares of the payment services company’s stock worth $16,314,000 after acquiring an additional 3,776 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of American Express by 7.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 107,499 shares of the payment services company’s stock worth $28,923,000 after acquiring an additional 7,874 shares during the period. Finally, Nordea Investment Management AB increased its holdings in American Express by 2.2% in the 2nd quarter. Nordea Investment Management AB now owns 2,267,377 shares of the payment services company’s stock worth $721,525,000 after acquiring an additional 49,593 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AXP shares. 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 report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Compass Point restated a “neutral” rating and set a $324.00 price target on shares of American Express in a research note on Monday, October 20th. DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective for the company in a research note on Tuesday, October 21st. Finally, Wall Street Zen raised shares of American Express from a “hold” rating to a “buy” rating in a report on Saturday. Nine equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $332.65.

Insider Activity

In related news, CEO Stephen J. Squeri sold 112,272 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the transaction, the chief executive officer directly owned 92,810 shares in the company, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laureen Seeger sold 16,998 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total value of $5,011,520.34. Following the completion of the transaction, the insider directly owned 9,001 shares in the company, valued at approximately $2,653,764.83. This represents a 65.38% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 222,011 shares of company stock worth $70,725,044. Corporate insiders own 0.20% of the company’s stock.

American Express Price Performance

Shares of NYSE:AXP opened at $360.70 on Monday. The company has a 50 day moving average of $335.65 and a 200 day moving average of $310.77. 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 cap of $248.47 billion, a P/E ratio of 24.21, a P/E/G ratio of 1.90 and a beta of 1.29. American Express Company has a 12 month low of $220.43 and a 12 month high of $365.75.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. The company had revenue of $18.43 billion for the quarter, compared to the consensus estimate of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, sell-side analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be issued 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 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.