Advisory Services Network LLC Acquires 10,787 Shares of American Express Company $AXP

Advisory Services Network LLC raised its stake in shares of American Express Company (NYSE:AXP) by 41.0% during the second quarter, Holdings Channel reports. The firm owned 37,069 shares of the payment services company’s stock after buying an additional 10,787 shares during the period. Advisory Services Network LLC’s holdings in American Express were worth $11,095,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Capital Asset Advisory Services LLC boosted its stake 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 valued at $384,000 after purchasing an additional 32 shares in the last quarter. DLK Investment Management LLC lifted its holdings in American Express by 3.8% during the 2nd quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after purchasing an additional 32 shares during the last quarter. Bahl & Gaynor Inc. boosted its position 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 valued at $1,050,000 after buying an additional 33 shares in the last quarter. Graney & King LLC grew its stake in American Express by 12.7% during the second quarter. Graney & King LLC now owns 292 shares of the payment services company’s stock worth $93,000 after buying an additional 33 shares during the last quarter. Finally, PFG Advisors increased its holdings in shares of American Express by 0.7% during 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 in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Down 0.7%

NYSE:AXP opened at $382.14 on Monday. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49. The firm 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. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The stock’s 50 day moving average price is $354.78 and its two-hundred day moving average price is $328.59.

American Express (NYSE:AXP) last announced its quarterly earnings results 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. The firm had revenue of $17.14 billion for the quarter, compared to the consensus estimate of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities research analysts expect that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, October 10th. American Express’s payout ratio is 22.01%.

Insider Activity

In other American Express news, insider Douglas Tabish sold 2,515 shares of the firm’s 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 completion of the sale, the insider directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Denise Pickett sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total value of $1,753,650.00. Following the completion of the sale, the insider directly owned 7,726 shares of the company’s stock, valued at $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 57,515 shares of company stock valued at $20,658,509. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AXP. HSBC set a $295.00 price objective on American Express and gave the company a “hold” rating in a research report on Friday, October 10th. Compass Point reissued a “neutral” rating and set a $324.00 price objective on shares of American Express in a report on Monday, October 20th. Morgan Stanley raised their price objective on shares of American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Keefe, Bruyette & Woods increased their price target 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. Finally, Wall Street Zen lowered shares of American Express from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Nine research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.