DNB Asset Management AS Raises Stock Position in American Express Company $AXP

DNB Asset Management AS raised its stake in shares of American Express Company (NYSE:AXP) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 108,714 shares of the payment services company’s stock after buying an additional 3,823 shares during the period. DNB Asset Management AS’s holdings in American Express were worth $34,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Briaud Financial Planning Inc bought a new position in American Express in the second quarter valued at about $26,000. Access Investment Management LLC purchased a new stake in shares of American Express during the 2nd quarter valued at about $26,000. 1 North Wealth Services LLC bought a new position in shares of American Express in the 1st quarter worth approximately $37,000. Chung Wu Investment Group LLC purchased a new position in shares of American Express in the second quarter worth approximately $37,000. Finally, Solstein Capital LLC bought a new stake in American Express during the second quarter valued at approximately $39,000. 84.33% of the stock is owned by institutional investors.

Insider Activity

In other American Express news, insider Douglas Tabish sold 2,515 shares of American Express stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total value of $894,359.15. Following the sale, the insider directly owned 2,515 shares in the company, valued at approximately $894,359.15. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the completion of the sale, the chief executive officer owned 92,810 shares in the company, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 193,292 shares of company stock valued at $65,363,878. Company insiders own 0.20% of the company’s stock.

American Express Trading Down 0.3%

Shares of AXP stock opened at $343.69 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. The stock has a fifty day simple moving average of $344.86 and a two-hundred day simple moving average of $319.57. The firm has a market capitalization of $236.75 billion, a PE ratio of 23.07, a PEG ratio of 1.90 and a beta of 1.27. American Express Company has a 52-week low of $220.43 and a 52-week high of $377.23.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping 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 firm had revenue of $17.14 billion during the quarter, compared to analyst estimates of $18.03 billion. During the same quarter in the prior year, the company posted $3.49 earnings per share. The business’s quarterly 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. On average, analysts predict that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, October 10th. American Express’s dividend payout ratio (DPR) is 22.01%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays increased 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 report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Express in a report on Wednesday. Evercore ISI boosted their price target on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Compass Point restated a “neutral” rating and issued a $324.00 price target on shares of American Express in a research report on Monday, October 20th. Finally, Truist Financial lifted their price objective on American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research report 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company currently 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.