BI Asset Management Fondsmaeglerselskab A S Reduces Holdings in American Express Company $AXP

BI Asset Management Fondsmaeglerselskab A S cut its holdings in shares of American Express Company (NYSE:AXP) by 16.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,630 shares of the payment services company’s stock after selling 18,504 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in American Express were worth $29,228,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Capital Asset Advisory Services LLC raised its position in shares of American Express by 2.8% in the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock valued at $384,000 after purchasing an additional 32 shares in the last quarter. DLK Investment Management LLC boosted its stake in American Express by 3.8% during the 2nd quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after acquiring an additional 32 shares during the last quarter. Bahl & Gaynor Inc. increased its position in shares of American Express by 1.0% in the 2nd quarter. Bahl & Gaynor Inc. now owns 3,291 shares of the payment services company’s stock worth $1,050,000 after purchasing an additional 33 shares during the last quarter. Graney & King LLC raised its stake in shares of American Express by 12.7% in the 2nd quarter. Graney & King LLC now owns 292 shares of the payment services company’s stock valued at $93,000 after purchasing an additional 33 shares in the last quarter. Finally, PFG Advisors lifted its position in shares of American Express by 0.7% during the second quarter. PFG Advisors now owns 5,059 shares of the payment services company’s stock worth $1,614,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In other American Express news, insider Denise Pickett sold 5,000 shares of the firm’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 transaction, the insider owned 7,726 shares of the company’s stock, valued at approximately $2,709,739.98. This trade represents a 39.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas Tabish sold 2,515 shares of the stock in a transaction that occurred 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 transaction, the insider owned 2,515 shares of the company’s stock, valued at $894,359.15. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 57,515 shares of company stock valued at $20,658,509. Company insiders own 0.20% of the company’s stock.

American Express Stock Performance

AXP opened at $382.14 on Friday. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49. The stock has a market cap of $263.23 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.74 and a beta of 1.14. The business’s 50 day moving average is $354.78 and its 200-day 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.

American Express (NYSE:AXP) last posted its earnings results 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. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm had revenue of $17.14 billion for the quarter, compared to analysts’ expectations of $18.03 billion. During the same period last year, the firm earned $3.49 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on AXP. UBS Group upped their price objective on American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Barclays raised their price target on shares of American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. JPMorgan Chase & Co. increased their price objective on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. BTIG Research lifted their target price on American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research note on Friday, October 17th. Finally, Compass Point reissued a “neutral” rating and issued a $324.00 price target on shares of American Express in a report on Monday, October 20th. Nine research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.