HBK Sorce Advisory LLC Purchases 244 Shares of American Express Company $AXP

HBK Sorce Advisory LLC lifted its position in shares of American Express Company (NYSE:AXP) by 2.4% during the second quarter, Holdings Channel reports. The firm owned 10,376 shares of the payment services company’s stock after acquiring an additional 244 shares during the period. HBK Sorce Advisory LLC’s holdings in American Express were worth $3,310,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AXP. Principal Financial Group Inc. raised its position in American Express by 5.5% in the first quarter. Principal Financial Group Inc. now owns 680,308 shares of the payment services company’s stock worth $183,037,000 after acquiring an additional 35,295 shares during the period. Pinnacle Financial Partners Inc raised its position in American Express by 1.4% in the first quarter. Pinnacle Financial Partners Inc now owns 167,534 shares of the payment services company’s stock worth $45,243,000 after acquiring an additional 2,259 shares during the period. R Squared Ltd bought a new stake in American Express in the first quarter worth about $509,000. U.S. Capital Wealth Advisors LLC raised its position in American Express by 15.8% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 8,787 shares of the payment services company’s stock worth $2,364,000 after acquiring an additional 1,199 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. raised its position in shares of American Express by 7.7% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 12,630 shares of the payment services company’s stock valued at $3,398,000 after purchasing an additional 900 shares during the period. 84.33% of the stock is owned by institutional investors.

American Express Price Performance

Shares of NYSE:AXP opened at $357.99 on Thursday. The company has a 50 day moving average of $333.81 and a 200 day moving average of $308.93. The stock has a market cap of $246.60 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.92 and a beta of 1.29. American Express Company has a 12 month low of $220.43 and a 12 month high of $362.84. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.98 by $0.16. The company had revenue of $18.43 billion during the quarter, compared to analysts’ expectations of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. American Express’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $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 company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s payout ratio is currently 22.01%.

Insider Activity at American Express

In other American Express news, insider Denise Pickett sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total value of $1,753,650.00. Following the completion of the transaction, the insider owned 7,726 shares of the company’s stock, valued at $2,709,739.98. The trade was a 39.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the completion of the transaction, the insider directly owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. This represents a 15.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 222,011 shares of company stock valued at $70,725,044 in the last quarter. 0.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AXP has been the topic of several research reports. Barclays boosted 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 report on Monday, October 20th. Monness Crespi & Hardt lowered shares of American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. boosted their price target on shares of American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. BTIG Research boosted their price target on shares of American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research report on Friday, October 17th. Finally, Wells Fargo & Company boosted their price target on shares of American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Nine analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $332.65.

American Express Company 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.