Banque Transatlantique SA Sells 5,651 Shares of American Express Company $AXP

Banque Transatlantique SA cut its holdings in American Express Company (NYSE:AXP) by 60.1% during the second quarter, Holdings Channel.com reports. The firm owned 3,752 shares of the payment services company’s stock after selling 5,651 shares during the quarter. Banque Transatlantique SA’s holdings in American Express were worth $1,203,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AXP. Norges Bank acquired a new stake in American Express in the 2nd quarter valued at $1,897,335,000. Wellington Management Group LLP grew its holdings in shares of American Express by 13.7% in the 1st quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock valued at $4,849,777,000 after acquiring an additional 2,168,445 shares in the last quarter. Laurel Wealth Advisors LLC increased its position in shares of American Express by 31,595.9% in the second quarter. Laurel Wealth Advisors LLC now owns 1,742,009 shares of the payment services company’s stock valued at $555,666,000 after acquiring an additional 1,736,513 shares during the last quarter. Geode Capital Management LLC increased its position in shares of American Express by 11.1% in the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock valued at $4,282,984,000 after acquiring an additional 1,349,746 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in American Express by 26.1% during the second quarter. Ameriprise Financial Inc. now owns 3,125,133 shares of the payment services company’s stock worth $988,676,000 after acquiring an additional 646,039 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Transactions at American Express

In other news, CMO Elizabeth Rutledge sold 50,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief marketing officer owned 85,577 shares in the company, valued at $30,825,691.17. The trade was a 36.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Denise Pickett sold 5,000 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total value of $1,753,650.00. Following the transaction, the insider owned 7,726 shares in the company, valued at approximately $2,709,739.98. This trade represents a 39.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,515 shares of company stock worth $20,658,509 over the last quarter. Company insiders own 0.20% of the company’s stock.

American Express Trading Down 0.7%

Shares of American Express stock opened at $382.14 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. The business has a fifty day simple moving average of $354.78 and a two-hundred day simple moving average of $328.10. American Express Company has a 1 year low of $220.43 and a 1 year high of $387.49. The company has a market capitalization of $263.23 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 1.74 and a beta of 1.14.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.98 by $0.16. The firm had revenue of $17.14 billion for 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%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Research analysts forecast 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 given a dividend of $0.82 per share. The ex-dividend date was Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s dividend payout ratio (DPR) is 22.01%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price target on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. BTIG Research raised their target price on shares of American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research note on Friday, October 17th. Truist Financial boosted their target price on shares of American Express from $375.00 to $395.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Wolfe Research assumed coverage on shares of American Express in a research note on Monday, December 8th. They issued a “peer perform” rating for the company. Finally, Evercore ISI boosted their price objective on shares of American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, American Express presently has an average rating of “Hold” and an average target price of $332.65.

American Express Company 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.