American Express Company $AXP is Reliant Investment Management LLC’s 7th Largest Position

Reliant Investment Management LLC grew its position in shares of American Express Company (NYSE:AXP) by 1.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 26,189 shares of the payment services company’s stock after buying an additional 480 shares during the period. American Express comprises approximately 3.6% of Reliant Investment Management LLC’s portfolio, making the stock its 7th biggest holding. Reliant Investment Management LLC’s holdings in American Express were worth $8,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. MorganRosel Wealth Management LLC acquired a new stake in American Express during the 1st quarter worth $29,000. Chung Wu Investment Group LLC acquired a new position in American Express in the second quarter valued at about $37,000. Hughes Financial Services LLC acquired a new position in American Express in the first quarter valued at about $35,000. Proffitt & Goodson Inc. acquired a new position in American Express in the second quarter valued at about $41,000. Finally, 1 North Wealth Services LLC acquired a new position in American Express in the first quarter valued at about $37,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

American Express stock opened at $351.68 on Thursday. The stock’s 50 day moving average price is $328.64 and its 200 day moving average price is $304.16. American Express Company has a one year low of $220.43 and a one year high of $357.73. The firm has a market capitalization of $242.25 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.84 and a beta of 1.29. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.69 and a current ratio of 1.61.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. American Express had a return on equity of 33.41% and a net margin of 14.97%.The business had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same period in the previous year, the business earned $3.49 EPS. The business’s quarterly 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. As a group, sell-side analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend 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%.

Insider Buying and Selling at American Express

In other news, insider Glenda G. Mcneal sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the completion of the sale, the insider directly owned 10,957 shares of the company’s stock, valued at $3,391,191.50. This trade represents a 82.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen J. Squeri sold 112,272 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $329.86, for a total value of $37,034,041.92. Following the sale, the chief executive officer owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. This trade represents a 54.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 269,996 shares of company stock valued at $85,261,270 over the last 90 days. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. DZ Bank raised shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price target on the stock in a research report on Tuesday. Barclays upped their target price 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. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a research note on Monday, July 14th. BTIG Research raised their target price on shares of American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research report on Friday, October 17th. Finally, HSBC set a $295.00 target price on shares of American Express and gave the stock a “hold” rating in a research report on Friday, October 10th. Nine investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $332.65.

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.