Hoge Financial Services LLC Invests $244,000 in American Express Company $AXP

Key Points

• Hoge Financial Services LLC invested approximately $244,000 in American Express by purchasing a total of 764 shares during the second quarter, according to a recent SEC filing.
• Over the last few months, various hedge funds have adjusted their stakes in American Express, with Brighton Jones LLC increasing its holdings by 24.4% and Global Assets Advisory LLC acquiring a new position valued at $638,000.
• American Express reported a quarterly EPS of $4.14, exceeding analysts' expectations of $3.98, and set its FY 2025 EPS guidance between $15.200-$15.500.

Hoge Financial Services LLC purchased a new stake in American Express Company (NYSE:AXP - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 764 shares of the payment services company's stock, valued at approximately $244,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company's stock valued at $1,924,000 after acquiring an additional 1,273 shares during the last quarter. GAMMA Investing LLC raised its stake in American Express by 3.1% in the 1st quarter. GAMMA Investing LLC now owns 8,039 shares of the payment services company's stock valued at $2,163,000 after purchasing an additional 238 shares during the last quarter. Global Assets Advisory LLC purchased a new position in American Express in the 1st quarter valued at $638,000. E&G Advisors LP boosted its stake in American Express by 8.7% during the 1st quarter. E&G Advisors LP now owns 1,251 shares of the payment services company's stock worth $337,000 after purchasing an additional 100 shares during the last quarter. Finally, Riverbend Wealth Management LLC grew its holdings in shares of American Express by 4.1% during the first quarter. Riverbend Wealth Management LLC now owns 4,036 shares of the payment services company's stock worth $1,086,000 after buying an additional 159 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other American Express news, insider Glenda G. Mcneal sold 50,000 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total value of $15,475,000.00. Following the completion of the transaction, the insider owned 10,957 shares in the company, valued at approximately $3,391,191.50. This represents a 82.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anna Marrs sold 5,500 shares of the firm's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total value of $1,709,235.00. Following the completion of the sale, the insider directly owned 20,311 shares of the company's stock, valued at approximately $6,312,049.47. This trade represents a 21.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 269,996 shares of company stock valued at $85,261,270 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

American Express Price Performance

American Express stock opened at $351.84 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.69. The business has a 50 day simple moving average of $328.64 and a 200-day simple moving average of $304.16. American Express Company has a 12 month low of $220.43 and a 12 month high of $357.73. The stock has a market capitalization of $242.36 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 1.84 and a beta of 1.29.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping analysts' consensus estimates of $3.98 by $0.16. The company had revenue of $18.43 billion during 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%. American Express's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors 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 payout ratio is 22.01%.

Analysts Set New Price Targets

Several research analysts have recently commented on AXP shares. BTIG Research lifted their price target on American Express from $277.00 to $307.00 and gave the stock a "sell" rating in a report on Friday, October 17th. 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. 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 report on Monday. Citigroup reissued a "neutral" rating and issued a $327.00 target price (up from $300.00) on shares of American Express in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company lifted 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. 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $332.65.

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.

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