Oarsman Capital Inc. Boosts Holdings in American Express Company $AXP

Oarsman Capital Inc. increased its stake in shares of American Express Company (NYSE:AXP) by 12.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 885 shares of the payment services company’s stock after purchasing an additional 96 shares during the period. Oarsman Capital Inc.’s holdings in American Express were worth $282,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Briaud Financial Planning Inc purchased a new position in shares of American Express during the 2nd quarter worth approximately $26,000. Chung Wu Investment Group LLC purchased a new position in shares of American Express during the 2nd quarter worth approximately $37,000. Solstein Capital LLC purchased a new position in shares of American Express during the 2nd quarter worth approximately $39,000. Hughes Financial Services LLC purchased a new position in shares of American Express during the 1st quarter worth approximately $35,000. Finally, Proffitt & Goodson Inc. purchased a new position in shares of American Express during the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insiders Place Their Bets

In other 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen J. Squeri sold 112,272 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the completion of the sale, the chief executive officer owned 92,810 shares in the company, valued at $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 222,011 shares of company stock worth $70,725,044. 0.20% of the stock is currently owned by insiders.

American Express Price Performance

Shares of AXP opened at $357.99 on Thursday. American Express Company has a twelve month low of $220.43 and a twelve month high of $362.84. The firm’s fifty day simple moving average is $333.81 and its 200-day simple moving average is $308.93. The firm has a market capitalization of $246.60 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 1.92 and a beta of 1.29. 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 announced its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business had revenue of $18.43 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same period last year, the business earned $3.49 EPS. The company’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. Equities analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, October 10th. American Express’s dividend payout ratio (DPR) is presently 22.01%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. BTIG Research raised 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. Truist Financial raised their price target on shares of American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of American Express in a research report on Monday, July 14th. Finally, Citigroup reissued a “neutral” rating and issued a $327.00 price target (up previously from $300.00) on shares of American Express in a research report on Wednesday, July 2nd. Nine analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.