Boyd Watterson Asset Management LLC OH Has $8.89 Million Position in American Express Company $AXP

Boyd Watterson Asset Management LLC OH grew its holdings in American Express Company (NYSE:AXP) by 3.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,877 shares of the payment services company’s stock after acquiring an additional 935 shares during the quarter. American Express accounts for 2.8% of Boyd Watterson Asset Management LLC OH’s portfolio, making the stock its 7th largest holding. Boyd Watterson Asset Management LLC OH’s holdings in American Express were worth $8,892,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Briaud Financial Planning Inc bought a new position in American Express in the second quarter worth $26,000. MorganRosel Wealth Management LLC bought a new position in American Express in the first quarter worth $29,000. Hughes Financial Services LLC bought a new position in American Express in the first quarter worth $35,000. 1 North Wealth Services LLC bought a new position in American Express in the first quarter worth $37,000. Finally, Chung Wu Investment Group LLC bought a new position in American Express in the second quarter worth $37,000. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on AXP shares. Morgan Stanley raised their target price on American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Evercore ISI raised their target price on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Weiss Ratings upgraded American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Citigroup reiterated a “neutral” rating and set a $327.00 price objective (up from $300.00) on shares of American Express in a research note on Wednesday, July 2nd. Finally, Barclays increased their price objective on American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Nine research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, American Express presently has an average rating of “Hold” and a consensus target price of $332.65.

Insider Buying and Selling

In related news, insider Douglas Tabish sold 2,515 shares of American Express stock in a transaction dated Thursday, October 23rd. The stock was 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 $894,359.15. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laureen Seeger sold 16,998 shares of American Express stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $294.83, for a total value of $5,011,520.34. Following the completion of the sale, the insider owned 9,001 shares of the company’s stock, valued at approximately $2,653,764.83. The trade was a 65.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 222,011 shares of company stock valued at $70,725,044 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

American Express Stock Performance

American Express stock opened at $361.49 on Tuesday. American Express Company has a 52-week low of $220.43 and a 52-week high of $362.84. The firm has a market capitalization of $249.01 billion, a P/E ratio of 24.26, a P/E/G ratio of 1.86 and a beta of 1.29. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. The stock has a fifty day moving average price of $331.71 and a two-hundred day moving average price of $307.38.

American Express (NYSE:AXP) last announced its earnings results 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 return on equity of 33.41% and a net margin of 14.97%.The company had revenue of $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. During the same period last year, the company posted $3.49 earnings per share. 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. As a group, analysts anticipate that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

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

About American Express

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.