American Express Company $AXP Shares Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. cut its stake in American Express Company (NYSE:AXP) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,066 shares of the payment services company’s stock after selling 308 shares during the period. SBI Securities Co. Ltd.’s holdings in American Express were worth $3,211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Briaud Financial Planning Inc bought a new position in American Express during the 2nd quarter worth approximately $26,000. Access Investment Management LLC bought a new position in shares of American Express during the second quarter valued at approximately $26,000. 1 North Wealth Services LLC bought a new stake in shares of American Express in the 1st quarter worth approximately $37,000. Chung Wu Investment Group LLC acquired a new position in American Express during the 2nd quarter valued at about $37,000. Finally, Solstein Capital LLC acquired a new stake in American Express in the second quarter worth about $39,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the topic of several recent analyst reports. Evercore ISI boosted their target price on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. UBS Group boosted their price target on shares of American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Truist Financial raised their price objective on shares of American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Finally, Wall Street Zen lowered shares of American Express from a “buy” rating to a “hold” rating in a research report on Sunday. Eight analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, American Express has a consensus rating of “Hold” and an average target price of $332.65.

American Express Price Performance

Shares of NYSE:AXP opened at $372.49 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. American Express Company has a 1 year low of $220.43 and a 1 year high of $377.23. The business has a fifty day simple moving average of $342.22 and a 200 day simple moving average of $316.58. The firm has a market cap of $256.59 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 1.90 and a beta of 1.27.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.16. The business had revenue of $18.43 billion during the quarter, compared to analyst estimates 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 was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, sell-side analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

Insider Buying and Selling at American Express

In related news, insider Douglas Tabish sold 2,515 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total transaction of $894,359.15. Following the completion of the sale, the insider owned 2,515 shares in the company, valued at $894,359.15. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Elizabeth Rutledge sold 50,000 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the transaction, the chief marketing officer directly owned 85,577 shares in the company, valued at $30,825,691.17. This trade represents a 36.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 193,292 shares of company stock worth $65,363,878 in the last 90 days. Company 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.