May Hill Capital LLC Raises Position in American Express Company $AXP

May Hill Capital LLC increased its holdings in American Express Company (NYSE:AXP) by 14.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,178 shares of the payment services company’s stock after purchasing an additional 149 shares during the quarter. May Hill Capital LLC’s holdings in American Express were worth $376,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Capital Asset Advisory Services LLC increased its position in shares of American Express by 2.8% in the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock valued at $384,000 after acquiring an additional 32 shares during the period. DLK Investment Management LLC increased its position in shares of American Express by 3.8% during the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after buying an additional 32 shares during the period. Financial Engines Advisors L.L.C. increased its position in shares of American Express by 4.7% during the first quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock valued at $208,000 after buying an additional 35 shares during the period. Modern Wealth Management LLC increased its position in shares of American Express by 0.7% during the first quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock valued at $1,324,000 after buying an additional 35 shares during the period. Finally, Greenfield Savings Bank increased its position in shares of American Express by 0.3% during the second quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock valued at $4,184,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. HSBC set a $295.00 price target on shares of American Express and gave the company a “hold” rating in a research report on Friday, October 10th. BTIG Research boosted 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. Barclays boosted their price objective 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, October 20th. Monness Crespi & Hardt lowered shares of American Express from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. Finally, William Blair reissued an “outperform” rating on shares of American Express in a research note on Wednesday, July 2nd. Nine research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $332.65.

Insider Activity at American Express

In related news, insider Denise Pickett sold 5,000 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the transaction, the insider owned 7,726 shares in the company, valued at $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas Tabish sold 2,515 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total transaction of $894,359.15. Following the transaction, the insider owned 2,515 shares in the company, valued at approximately $894,359.15. This trade represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 222,011 shares of company stock valued at $70,725,044 over the last quarter. 0.20% of the stock is owned by company insiders.

American Express Trading Up 1.1%

Shares of NYSE AXP opened at $361.49 on Tuesday. The firm’s 50 day moving average price is $331.71 and its 200-day moving average price is $307.38. The company has a market cap of $249.01 billion, a PE ratio of 24.26, a P/E/G ratio of 1.86 and a beta of 1.29. American Express Company has a 52-week low of $220.43 and a 52-week high of $362.84. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61.

American Express (NYSE:AXP) last issued its 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 firm had revenue of $18.43 billion for the quarter, compared to the consensus estimate of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, equities research analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. American Express’s dividend payout ratio 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.