OMERS ADMINISTRATION Corp Grows Stock Holdings in American Express Company $AXP

OMERS ADMINISTRATION Corp increased its holdings in shares of American Express Company (NYSE:AXP) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,800 shares of the payment services company’s stock after purchasing an additional 400 shares during the period. OMERS ADMINISTRATION Corp’s holdings in American Express were worth $7,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nordea Investment Management AB increased its stake in shares of American Express by 2.2% in the 2nd quarter. Nordea Investment Management AB now owns 2,267,377 shares of the payment services company’s stock valued at $721,525,000 after purchasing an additional 49,593 shares in the last quarter. Dempze Nancy E grew its holdings in American Express by 210.2% in the second quarter. Dempze Nancy E now owns 3,459 shares of the payment services company’s stock valued at $1,103,000 after purchasing an additional 2,344 shares during the period. Reliant Investment Management LLC increased its position in shares of American Express by 1.9% in the second quarter. Reliant Investment Management LLC now owns 26,189 shares of the payment services company’s stock valued at $8,354,000 after buying an additional 480 shares in the last quarter. SLT Holdings LLC raised its stake in shares of American Express by 31.3% during the 2nd quarter. SLT Holdings LLC now owns 1,008 shares of the payment services company’s stock worth $322,000 after buying an additional 240 shares during the period. Finally, New York Life Investment Management LLC lifted its position in shares of American Express by 0.9% during the 2nd quarter. New York Life Investment Management LLC now owns 82,883 shares of the payment services company’s stock valued at $26,438,000 after buying an additional 764 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the transaction, the insider owned 123,613 shares in the company, valued at $40,343,574.81. The trade was a 15.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Elizabeth Rutledge sold 50,000 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the transaction, the chief marketing officer directly owned 85,577 shares in the company, valued at approximately $30,825,691.17. The trade was a 36.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 193,292 shares of company stock worth $65,363,878. 0.20% of the stock is currently owned by company insiders.

American Express Stock Up 0.6%

AXP stock opened at $366.14 on Monday. 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 firm has a 50-day moving average of $348.21 and a two-hundred day moving average of $323.13. American Express Company has a 12 month low of $220.43 and a 12 month high of $377.23. The company has a market cap of $252.22 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.90 and a beta of 1.27.

American Express (NYSE:AXP) last issued its 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. The business had revenue of $17.14 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, 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 announced a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were issued 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 presently 22.01%.

Analyst Upgrades and Downgrades

AXP has been the subject of several recent analyst reports. Wall Street Zen lowered shares of American Express from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Keefe, Bruyette & Woods lifted their target price on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. BTIG Research upped their price target on shares of American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research report on Friday, October 17th. Compass Point reaffirmed a “neutral” rating and issued a $324.00 price target on shares of American Express in a research note on Monday, October 20th. Finally, 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 note on Tuesday, October 7th. Nine research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company 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.