American Express Company $AXP Shares Bought by Orion Capital Management LLC

Orion Capital Management LLC increased its stake in American Express Company (NYSE:AXP) by 13.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 940 shares of the payment services company’s stock after purchasing an additional 110 shares during the quarter. Orion Capital Management LLC’s holdings in American Express were worth $300,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of American Express by 1.3% in the first quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock valued at $12,334,299,000 after acquiring an additional 605,900 shares in the last quarter. Wellington Management Group LLP lifted its position in American Express by 13.7% in the first quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock worth $4,849,777,000 after purchasing an additional 2,168,445 shares during the period. Nuveen LLC bought a new position in American Express during the 1st quarter valued at $1,454,667,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of American Express by 1.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,093,807 shares of the payment services company’s stock valued at $1,370,489,000 after purchasing an additional 78,538 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of American Express by 25.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company’s stock worth $1,278,711,000 after buying an additional 965,221 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Buying and Selling

In other American Express news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the company’s stock in a transaction that occurred 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 owned 123,613 shares in the company, valued at approximately $40,343,574.81. This represents a 15.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anna Marrs sold 5,500 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the completion of the sale, the insider owned 20,311 shares of the company’s stock, valued at approximately $6,312,049.47. The trade was a 21.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 277,511 shares of company stock worth $87,909,279 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

American Express Stock Up 0.7%

Shares of NYSE:AXP opened at $357.29 on Friday. The firm has a 50 day simple moving average of $330.62 and a 200 day simple moving average of $306.39. American Express Company has a 52 week low of $220.43 and a 52 week high of $362.32. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.69 and a current ratio of 1.61. The company has a market cap of $246.12 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 14.97% and a return on equity of 33.41%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, research analysts expect that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s payout ratio is 22.01%.

Analysts Set New Price Targets

AXP has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American Express in a research note on Friday. Wells Fargo & Company lifted their price objective on shares of American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Keefe, Bruyette & Woods increased their target price on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Royal Bank Of Canada restated an “outperform” rating on shares of American Express in a report on Monday, July 14th. Finally, Morgan Stanley upped their price target on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Nine analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average 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.