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

Banque Transatlantique SA lessened its stake in American Express Company (NYSE:AXP) by 60.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of AXP. Briaud Financial Planning Inc acquired a new position in shares of American Express during the second quarter valued at $26,000. Access Investment Management LLC bought a new stake in American Express during the 2nd quarter worth about $26,000. 1 North Wealth Services LLC acquired a new position in American Express during the 1st quarter valued at about $37,000. Chung Wu Investment Group LLC bought a new position in shares of American Express in the 2nd quarter valued at about $37,000. Finally, Howard Hughes Medical Institute acquired a new stake in shares of American Express during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insiders Place Their Bets

In related news, insider Denise Pickett sold 5,000 shares of the firm’s stock in a transaction on 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 in the company, valued at $2,709,739.98. This trade represents a 39.29% 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 Douglas Tabish sold 2,515 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total transaction of $894,359.15. Following the completion of the sale, the insider directly owned 2,515 shares in the company, valued at $894,359.15. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 57,515 shares of company stock worth $20,658,509. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. HSBC set a $295.00 price objective on shares of American Express and gave the company a “hold” rating in a report on Friday, October 10th. JPMorgan Chase & Co. increased their price target on American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. UBS Group raised their price target on American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Evercore ISI upped their price objective on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of American Express in a report on Monday. Nine equities research 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $332.65.

American Express Stock Performance

Shares of American Express stock opened at $382.14 on Friday. The stock’s fifty day simple moving average is $354.78 and its 200 day simple moving average is $328.10. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $263.23 billion, a PE ratio of 25.65, a PEG ratio of 1.74 and a beta of 1.14. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49.

American Express (NYSE:AXP) last posted its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating 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 return on equity of 33.41% and a net margin of 14.97%.The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, research analysts predict that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The business also recently announced 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. 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 (DPR) is 22.01%.

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.