Strs Ohio Has $65.17 Million Stake in American Express Company $AXP

Strs Ohio grew its holdings in American Express Company (NYSE:AXP) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 204,318 shares of the payment services company’s stock after buying an additional 9,229 shares during the period. Strs Ohio’s holdings in American Express were worth $65,173,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in American Express by 5.5% during the 1st quarter. Principal Financial Group Inc. now owns 680,308 shares of the payment services company’s stock worth $183,037,000 after purchasing an additional 35,295 shares during the last quarter. Pinnacle Financial Partners Inc raised its holdings in American Express by 1.4% in the 1st quarter. Pinnacle Financial Partners Inc now owns 167,534 shares of the payment services company’s stock valued at $45,243,000 after acquiring an additional 2,259 shares in the last quarter. R Squared Ltd bought a new stake in shares of American Express during the 1st quarter valued at $509,000. U.S. Capital Wealth Advisors LLC grew its stake in American Express by 15.8% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 8,787 shares of the payment services company’s stock worth $2,364,000 after buying an additional 1,199 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. increased its holdings in American Express by 7.7% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 12,630 shares of the payment services company’s stock valued at $3,398,000 after buying an additional 900 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Laureen Seeger sold 61,721 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $297.47, for a total value of $18,360,145.87. Following the completion of the transaction, the insider directly owned 9,001 shares of the company’s stock, valued at $2,677,527.47. This represents a 87.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total value of $7,671,326.85. Following the completion of the transaction, the insider directly owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 222,011 shares of company stock valued at $70,725,044 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on AXP shares. DZ Bank raised shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 target price on the stock in a report on Tuesday, October 21st. Evercore ISI boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Finally, UBS Group upped their price target on American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Nine investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, American Express currently has a consensus rating of “Hold” and an average target price of $332.65.

American Express Stock Down 0.8%

Shares of NYSE:AXP opened at $357.99 on Thursday. The company has a market capitalization of $246.60 billion, a price-to-earnings ratio of 24.03, a P/E/G ratio of 1.92 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 business’s 50-day moving average is $333.81 and its 200-day moving average is $308.93. American Express Company has a 1 year low of $220.43 and a 1 year high of $362.84.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. The business had revenue of $18.43 billion for the quarter, compared to the consensus estimate of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities research analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

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 issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. American Express’s dividend payout ratio is currently 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.