American Express Company $AXP Holdings Raised by Forum Financial Management LP

Forum Financial Management LP boosted its stake in American Express Company (NYSE:AXP) by 19.5% in the second quarter, Holdings Channel reports. The institutional investor owned 7,944 shares of the payment services company’s stock after acquiring an additional 1,296 shares during the quarter. Forum Financial Management LP’s holdings in American Express were worth $2,534,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AXP. MorganRosel Wealth Management LLC acquired a new position in shares of American Express during the 1st quarter worth $29,000. Hughes Financial Services LLC acquired a new position in shares of American Express during the 1st quarter worth $35,000. 1 North Wealth Services LLC acquired a new position in shares of American Express during the 1st quarter worth $37,000. Chung Wu Investment Group LLC acquired a new position in shares of American Express during the 2nd quarter worth $37,000. Finally, Abound Financial LLC acquired a new position in shares of American Express during the 1st quarter worth $41,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

NYSE AXP opened at $351.68 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.69. The firm has a market capitalization of $242.25 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 1.84 and a beta of 1.29. The company’s fifty day moving average is $328.64 and its two-hundred day moving average is $304.16. American Express Company has a 52-week low of $220.43 and a 52-week high of $357.73.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.16. The company had revenue of $18.43 billion for the quarter, compared to analyst estimates of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities research analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, October 10th. American Express’s dividend payout ratio (DPR) is currently 22.01%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price target on the stock in a research note on Tuesday. 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 note on Monday. JPMorgan Chase & Co. raised their target price on shares of American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a research note on Monday, July 14th. Finally, Evercore ISI raised their target price on shares of American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $332.65.

Insider Buying and Selling at American Express

In other news, insider Laureen Seeger sold 16,998 shares of American Express stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total transaction of $5,011,520.34. Following the sale, the insider directly owned 9,001 shares in the company, valued at approximately $2,653,764.83. The trade was a 65.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the sale, the insider owned 123,613 shares in the company, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 269,996 shares of company stock worth $85,261,270 in the last 90 days. 0.20% of the stock is currently owned by insiders.

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.