American Express Company $AXP Shares Purchased by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA lifted its position in American Express Company (NYSE:AXP) by 20.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,643 shares of the payment services company’s stock after acquiring an additional 7,345 shares during the quarter. American Express accounts for approximately 0.7% of Lombard Odier Asset Management Switzerland SA’s holdings, making the stock its 22nd largest position. Lombard Odier Asset Management Switzerland SA’s holdings in American Express were worth $13,602,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AXP. Access Investment Management LLC acquired a new position in American Express in the second quarter worth $26,000. Briaud Financial Planning Inc acquired a new position in shares of American Express in the 2nd quarter valued at about $26,000. Chung Wu Investment Group LLC bought a new stake in shares of American Express during the 2nd quarter valued at about $37,000. Howard Hughes Medical Institute acquired a new stake in American Express during the second quarter worth about $38,000. Finally, Solstein Capital LLC bought a new position in American Express in the second quarter worth about $39,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Douglas Tabish sold 2,515 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total transaction of $894,359.15. Following the transaction, the insider directly owned 2,515 shares in the company, valued at $894,359.15. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Denise Pickett sold 5,000 shares of the company’s 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 completion of the transaction, the insider owned 7,726 shares of the company’s stock, valued at $2,709,739.98. The trade was a 39.29% 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 57,515 shares of company stock valued at $20,658,509. Insiders own 0.20% of the company’s stock.

American Express Trading Down 2.3%

NYSE AXP opened at $361.96 on Tuesday. 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 firm’s fifty day simple moving average is $351.09 and its 200-day simple moving average is $326.13. The company has a market capitalization of $249.34 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 1.67 and a beta of 1.14.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. The firm had revenue of $17.14 billion during the quarter, compared to analysts’ expectations of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. American Express’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, sell-side analysts anticipate that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

Analyst Upgrades and Downgrades

AXP has been the subject of several recent research reports. Morgan Stanley upped their price target on shares of American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Wells Fargo & Company increased their target price 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. 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. JPMorgan Chase & Co. boosted their target price on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Nine research 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, the company has a consensus rating of “Hold” and a consensus 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.