HBK Sorce Advisory LLC Acquires 312 Shares of American Express (NYSE:AXP)

13 Mar 2025, 10:08 by Doug Wharley · The Cerbat Gem

HBK Sorce Advisory LLC lifted its holdings in American Express (NYSE:AXP – Free Report) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,658 shares of the payment services company’s stock after acquiring an additional 312 shares during the period. HBK Sorce Advisory LLC’s holdings in American Express were worth $2,866,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Opal Wealth Advisors LLC lifted its holdings in shares of American Express by 1.6% in the 4th quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company’s stock valued at $636,000 after acquiring an additional 33 shares during the last quarter. Catalina Capital Group LLC lifted its stake in American Express by 1.0% in the fourth quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock worth $996,000 after purchasing an additional 34 shares during the last quarter. Boston Financial Mangement LLC lifted its stake in American Express by 0.9% in the fourth quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company’s stock worth $1,189,000 after purchasing an additional 34 shares during the last quarter. Auxier Asset Management lifted its stake in American Express by 0.5% in the third quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock worth $1,934,000 after purchasing an additional 35 shares during the last quarter. Finally, Abel Hall LLC lifted its stake in American Express by 3.6% in the third quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock worth $274,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Transactions at American Express

In related news, insider Ravikumar Radhakrishnan sold 9,485 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the sale, the insider now owns 13,500 shares of the company’s stock, valued at approximately $4,308,795. This represents a 41.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Angelakis acquired 3,700 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $269.89 per share, with a total value of $998,593.00. Following the purchase, the director now owns 3,700 shares in the company, valued at $998,593. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. HSBC raised their price objective on shares of American Express from $270.00 to $294.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Royal Bank of Canada raised their price objective on shares of American Express from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, January 27th. Citigroup raised their price objective on shares of American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Truist Financial began coverage on shares of American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $296.38.

Get Our Latest Report on American Express

American Express Stock Up 2.3 %

AXP opened at $261.19 on Thursday. American Express has a fifty-two week low of $214.51 and a fifty-two week high of $326.27. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. The company has a fifty day moving average of $303.18 and a two-hundred day moving average of $288.10. The stock has a market capitalization of $183.49 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 1.41 and a beta of 1.21.

American Express (NYSE:AXP – Get Free Report) last released its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. On average, research analysts expect that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.26%. This is a boost from American Express’s previous quarterly dividend of $0.70. American Express’s payout ratio is currently 23.41%.

About American Express

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