Stance Capital LLC Buys New Shares in American Express Company $AXP

Stance Capital LLC acquired a new stake in shares of American Express Company (NYSE:AXP) during the second quarter, HoldingsChannel reports. The fund acquired 4,479 shares of the payment services company’s stock, valued at approximately $1,429,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Asset Advisory Services LLC lifted its holdings in shares of American Express by 2.8% in the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock worth $384,000 after acquiring an additional 32 shares during the last quarter. DLK Investment Management LLC lifted its stake in American Express by 3.8% in the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock worth $277,000 after purchasing an additional 32 shares during the last quarter. Bahl & Gaynor Inc. lifted its stake in American Express by 1.0% in the second quarter. Bahl & Gaynor Inc. now owns 3,291 shares of the payment services company’s stock worth $1,050,000 after purchasing an additional 33 shares during the last quarter. Graney & King LLC boosted its position in American Express by 12.7% during the second quarter. Graney & King LLC now owns 292 shares of the payment services company’s stock valued at $93,000 after buying an additional 33 shares during the period. Finally, PFG Advisors increased its holdings in shares of American Express by 0.7% in the second quarter. PFG Advisors now owns 5,059 shares of the payment services company’s stock worth $1,614,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of American Express stock opened at $382.14 on Friday. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49. The firm has a market capitalization of $263.23 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.73 and a beta of 1.14. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. The business has a fifty day simple moving average of $354.78 and a two-hundred day simple moving average of $328.34.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.98 by $0.16. American Express had a return on equity of 33.41% and a net margin of 14.97%.The company had revenue of $17.14 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same quarter in the prior year, the business posted $3.49 EPS. The firm’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, equities 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. Stockholders of record on Friday, October 10th were 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 was Friday, October 10th. American Express’s payout ratio is presently 22.01%.

Insider Buying and Selling

In related news, insider Douglas Tabish sold 2,515 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total transaction of $894,359.15. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Elizabeth Rutledge sold 50,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $30,825,691.17. This trade represents a 36.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 57,515 shares of company stock worth $20,658,509. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AXP shares. Truist Financial increased their target price on American Express from $375.00 to $395.00 and gave the company a “buy” rating in a report on Monday, October 20th. Wells Fargo & Company boosted their price target on American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Wolfe Research started coverage on American Express in a research report on Monday, December 8th. They issued a “peer perform” rating on the stock. HSBC set a $295.00 price target on shares of American Express and gave the company a “hold” rating in a report on Friday, October 10th. Finally, Compass Point restated a “neutral” rating and issued a $324.00 price objective on shares of American Express in a report on Monday, October 20th. Nine 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 MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.