American Express Company $AXP Stock Holdings Trimmed by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. reduced its position in shares of American Express Company (NYSE:AXP) by 12.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,057 shares of the payment services company’s stock after selling 151 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in American Express were worth $337,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Access Investment Management LLC bought a new stake in American Express in the second quarter valued at $26,000. Briaud Financial Planning Inc bought a new stake in shares of American Express during the 2nd quarter worth about $26,000. Chung Wu Investment Group LLC acquired a new stake in American Express in the second quarter worth approximately $37,000. Solstein Capital LLC acquired a new stake in shares of American Express in the second quarter valued at $39,000. Finally, Proffitt & Goodson Inc. bought a new position in shares of American Express during the 2nd quarter valued at about $41,000. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of NYSE AXP opened at $364.26 on Thursday. The business has a fifty day simple moving average of $347.25 and a 200 day simple moving average of $322.06. The firm has a market capitalization of $250.92 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 1.90 and a beta of 1.27. American Express Company has a one year low of $220.43 and a one year high of $377.23. 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 (NYSE:AXP) last issued its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, beating 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 net margin of 14.97% and a return on equity of 33.41%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Sell-side analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were issued a dividend of $0.82 per share. 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 0.9%. American Express’s dividend payout ratio (DPR) is presently 22.01%.

Insider Transactions at American Express

In other American Express news, insider Denise Pickett sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the sale, the insider directly owned 7,726 shares of the company’s stock, valued at approximately $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen J. Squeri sold 112,272 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the sale, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at $30,614,306.60. This represents a 54.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 193,292 shares of company stock valued at $65,363,878. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AXP shares. HSBC set a $295.00 price objective on American Express and gave the stock a “hold” rating in a research note on Friday, October 10th. Wells Fargo & Company boosted their price objective on shares of American Express from $375.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Barclays upped their target price on American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Weiss Ratings upgraded shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, BTIG Research raised their price objective on American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research note on Friday, October 17th. Nine research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, American Express currently has a consensus rating of “Hold” and an average target price of $332.65.

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.