American Express Company $AXP Stock Position Trimmed by CENTRAL TRUST Co

CENTRAL TRUST Co trimmed its position in shares of American Express Company (NYSE:AXP) by 3.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,000 shares of the payment services company’s stock after selling 908 shares during the period. CENTRAL TRUST Co’s holdings in American Express were worth $8,293,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AXP. R Squared Ltd acquired a new stake in shares of American Express during the first quarter valued at approximately $509,000. Mackenzie Financial Corp raised its stake in American Express by 6.6% during the 1st quarter. Mackenzie Financial Corp now owns 60,634 shares of the payment services company’s stock valued at $16,314,000 after purchasing an additional 3,776 shares during the period. Nordea Investment Management AB raised its stake in American Express by 2.2% during the 2nd quarter. Nordea Investment Management AB now owns 2,267,377 shares of the payment services company’s stock valued at $721,525,000 after purchasing an additional 49,593 shares during the period. Bridgewater Advisors Inc. purchased a new stake in shares of American Express in the first quarter valued at $2,185,000. Finally, Dempze Nancy E boosted its position in shares of American Express by 210.2% in the second quarter. Dempze Nancy E now owns 3,459 shares of the payment services company’s stock worth $1,103,000 after buying an additional 2,344 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Activity at American Express

In related news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total value of $7,671,326.85. Following the transaction, the insider directly owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the sale, the chief executive officer owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. This trade 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 quarter, insiders sold 193,292 shares of company stock valued at $65,363,878. Insiders own 0.20% of the company’s stock.

American Express Price Performance

Shares of AXP opened at $367.93 on Tuesday. The firm has a market cap of $253.45 billion, a PE ratio of 24.69, a PEG ratio of 1.90 and a beta of 1.27. The firm’s 50 day moving average price is $340.46 and its 200 day moving average price is $315.45. 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 Company has a twelve month low of $220.43 and a twelve month high of $371.80.

American Express (NYSE:AXP) last posted its earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.98 by $0.16. The company had revenue of $18.43 billion during 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 revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, research analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently announced 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. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, October 10th. American Express’s dividend payout ratio is presently 22.01%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Evercore ISI upped their price target on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Weiss Ratings cut shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of American Express in a research report on Monday, July 14th. Wall Street Zen downgraded shares of American Express from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Monness Crespi & Hardt lowered shares of American Express from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. Eight research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, American Express presently has a consensus rating of “Hold” and an average price target 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.