Sienna Gestion Purchases 5,350 Shares of American Express Company $AXP

Sienna Gestion lifted its position in shares of American Express Company (NYSE:AXP) by 10.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 55,265 shares of the payment services company’s stock after acquiring an additional 5,350 shares during the period. American Express accounts for about 1.1% of Sienna Gestion’s investment portfolio, making the stock its 19th biggest holding. Sienna Gestion’s holdings in American Express were worth $16,095,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AXP. Briaud Financial Planning Inc bought a new stake in shares of American Express during the 2nd quarter valued at $26,000. Access Investment Management LLC bought a new stake in American Express during the second quarter worth about $26,000. Hughes Financial Services LLC bought a new stake in American Express during the first quarter worth about $35,000. 1 North Wealth Services LLC bought a new stake in American Express during the first quarter worth about $37,000. Finally, Chung Wu Investment Group LLC bought a new stake in American Express during the second quarter worth about $37,000. 84.33% of the stock is currently owned by institutional investors.

Insider Activity

In other American Express news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction dated 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 owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Denise Pickett sold 5,000 shares of the stock in a transaction dated 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 directly owned 7,726 shares in the company, valued at approximately $2,709,739.98. This represents a 39.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 193,292 shares of company stock worth $65,363,878. Insiders own 0.20% of the company’s stock.

American Express Trading Up 1.5%

Shares of NYSE:AXP opened at $365.95 on Thursday. 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 company has a market cap of $252.09 billion, a P/E ratio of 24.56, a PEG ratio of 1.90 and a beta of 1.29. The stock’s fifty day moving average price is $338.21 and its 200-day moving average price is $312.69. American Express Company has a 1 year low of $220.43 and a 1 year high of $367.82.

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 the consensus estimate of $3.98 by $0.16. The business had revenue of $18.43 billion for 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%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Sell-side analysts expect that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AXP shares. Wall Street Zen raised American Express from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Compass Point reissued a “neutral” rating and issued a $324.00 target price on shares of American Express in a report on Monday, October 20th. 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, Barclays upped 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 note on Monday, October 20th. Nine investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, American Express has an average rating of “Hold” and an average price target 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.