Rydar Equities Inc. Acquires New Holdings in American Express Company $AXP

Rydar Equities Inc. bought a new position in shares of American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,410 shares of the payment services company’s stock, valued at approximately $1,726,000. American Express accounts for about 1.4% of Rydar Equities Inc.’s holdings, making the stock its 25th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Access Investment Management LLC acquired a new stake in American Express in the 2nd quarter valued at approximately $26,000. Briaud Financial Planning Inc purchased a new stake in shares of American Express in the 2nd quarter valued at $26,000. Chung Wu Investment Group LLC purchased a new stake in American Express during the second quarter worth about $37,000. Howard Hughes Medical Institute purchased a new position in shares of American Express in the second quarter valued at approximately $38,000. Finally, Solstein Capital LLC purchased a new stake in American Express during the 2nd quarter worth approximately $39,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other American Express news, CMO Elizabeth Rutledge sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $360.21, for a total value of $18,010,500.00. Following the completion of the sale, the chief marketing officer owned 85,577 shares in the company, valued at approximately $30,825,691.17. The trade was a 36.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas Tabish sold 2,515 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total transaction of $894,359.15. Following the transaction, the insider owned 2,515 shares in the company, valued at approximately $894,359.15. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 57,515 shares of company stock valued at $20,658,509. 0.20% of the stock is currently owned by insiders.

American Express Stock Down 0.7%

Shares of NYSE AXP opened at $382.14 on Monday. The business has a 50-day moving average of $354.78 and a two-hundred day moving average of $328.59. The company has a market capitalization of $263.23 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.72 and a beta of 1.14. American Express Company has a 1 year low of $220.43 and a 1 year high of $387.49. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59.

American Express (NYSE:AXP) last announced its quarterly earnings results 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. American Express had a net margin of 14.97% and a return on equity of 33.41%. The company had revenue of $17.14 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same period in the prior year, the firm posted $3.49 earnings per share. The firm’s 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. On average, analysts forecast that American Express Company will post 15.33 earnings per share 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 paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, October 10th. American Express’s dividend payout ratio is currently 22.01%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AXP. Compass Point reaffirmed a “neutral” rating and set a $324.00 price objective on shares of American Express in a research report on Monday, October 20th. Wells Fargo & Company upped their price target on American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. DZ Bank raised 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, October 21st. UBS Group boosted their price objective on American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Finally, 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, October 20th. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $332.65.

About American Express

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.