Swiss National Bank Has $541.59 Million Stock Position in American Express Company $AXP

Swiss National Bank boosted its position in shares of American Express Company (NYSE:AXP) by 6.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,697,879 shares of the payment services company’s stock after purchasing an additional 108,500 shares during the period. Swiss National Bank owned about 0.24% of American Express worth $541,589,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after purchasing an additional 1,273 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of American Express in the first quarter valued at $1,180,000. IMA Advisory Services Inc. acquired a new stake in shares of American Express in the first quarter valued at $173,000. Noesis Capital Mangement Corp raised its holdings in shares of American Express by 0.4% in the first quarter. Noesis Capital Mangement Corp now owns 104,138 shares of the payment services company’s stock valued at $28,018,000 after buying an additional 452 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its position in American Express by 1.1% during the 1st quarter. Pinnacle Associates Ltd. now owns 167,897 shares of the payment services company’s stock worth $45,173,000 after buying an additional 1,824 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AXP has been the subject of several research reports. Evercore ISI raised their price objective on shares of American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. BTIG Research raised their price target on shares of American Express from $277.00 to $307.00 and gave the company a “sell” rating in a report on Friday, October 17th. HSBC set a $295.00 price objective on shares of American Express and gave the stock a “hold” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research report on Wednesday. Finally, Morgan Stanley boosted their target price on American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Eight investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $332.65.

Insiders Place Their Bets

In other American Express news, insider Denise Pickett sold 5,000 shares of the stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total value of $1,753,650.00. Following the sale, the insider directly owned 7,726 shares in the company, valued at approximately $2,709,739.98. This trade represents a 39.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the completion of the transaction, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at $30,614,306.60. This trade represents a 54.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 193,292 shares of company stock worth $65,363,878 over the last ninety days. Company insiders own 0.20% of the company’s stock.

American Express Price Performance

AXP opened at $343.69 on Friday. The company has a fifty day moving average price of $344.86 and a two-hundred day moving average price of $319.57. The firm has a market capitalization of $236.75 billion, a PE ratio of 23.07, a P/E/G ratio of 1.90 and a beta of 1.27. American Express Company has a 52 week low of $220.43 and a 52 week high of $377.23. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.16. The business had revenue of $17.14 billion for 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 last year, the company earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, analysts anticipate that American Express Company will post 15.33 earnings per share for the current 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 $0.82 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. American Express’s dividend payout ratio is 22.01%.

American Express Profile

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.