American Express Company $AXP Shares Bought by Arvest Bank Trust Division

Arvest Bank Trust Division raised its stake in American Express Company (NYSE:AXP) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,310 shares of the payment services company’s stock after buying an additional 189 shares during the period. Arvest Bank Trust Division’s holdings in American Express were worth $7,754,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Briaud Financial Planning Inc purchased a new stake in American Express during the second quarter worth $26,000. Access Investment Management LLC acquired a new position in shares of American Express during the 2nd quarter worth $26,000. 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 purchased a new stake in shares of American Express in the 2nd quarter worth about $37,000. Finally, Solstein Capital LLC acquired a new stake in American Express in the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AXP. Wall Street Zen downgraded shares of American Express from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Keefe, Bruyette & Woods upped their target price on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Wells Fargo & Company raised their price target on American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Weiss Ratings downgraded American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 7th. Finally, Evercore ISI increased their price objective on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Eight research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $332.65.

American Express Price Performance

AXP stock opened at $364.26 on Friday. The stock has a market capitalization of $250.92 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. American Express Company has a 52-week low of $220.43 and a 52-week high of $377.23. The stock’s fifty day simple moving average is $342.89 and its 200-day simple moving average is $316.91.

American Express (NYSE:AXP) last released 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. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm had revenue of $17.14 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same period in the prior year, the business posted $3.49 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, October 10th. American Express’s payout ratio is presently 22.01%.

Insider Transactions at American Express

In other American Express news, CMO Elizabeth Rutledge sold 50,000 shares of the stock in a transaction that occurred on 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 owned 85,577 shares of the company’s stock, valued at $30,825,691.17. This trade represents a 36.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Denise Pickett sold 5,000 shares of American Express stock in a transaction 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 completion of the transaction, the insider owned 7,726 shares in the company, valued at approximately $2,709,739.98. This trade represents a 39.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 193,292 shares of company stock valued at $65,363,878 in the last quarter. Insiders own 0.20% of the company’s stock.

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.