Candriam S.C.A. Sells 5,513 Shares of American Express Company $AXP

Candriam S.C.A. trimmed its position in shares of American Express Company (NYSE:AXP) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,729 shares of the payment services company’s stock after selling 5,513 shares during the period. Candriam S.C.A.’s holdings in American Express were worth $100,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Briaud Financial Planning Inc bought a new position in American Express during the second quarter valued at $26,000. Access Investment Management LLC purchased a new stake in shares of American Express during the 2nd quarter valued at about $26,000. 1 North Wealth Services LLC bought a new position in shares of American Express in the 1st quarter valued at about $37,000. Chung Wu Investment Group LLC purchased a new position in American Express in the second quarter worth about $37,000. Finally, Solstein Capital LLC bought a new stake in American Express during the second quarter worth approximately $39,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Trading Up 0.6%

NYSE AXP opened at $372.49 on Thursday. The stock has a market cap of $256.59 billion, a PE ratio of 25.00, a PEG ratio of 1.90 and a beta of 1.27. American Express Company has a 12 month low of $220.43 and a 12 month high of $377.23. The company’s 50-day moving average price is $342.22 and its 200-day moving average price is $316.58. 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 released its quarterly earnings data 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 company had revenue of $18.43 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%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities research analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were paid 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 22.01%.

Wall Street Analyst Weigh In

AXP has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price objective on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Weiss Ratings downgraded American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 7th. Truist Financial boosted their price objective on shares of American Express from $375.00 to $395.00 and gave the company a “buy” rating in a research report on Monday, October 20th. UBS Group raised their target price on shares of American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Finally, BTIG Research upped their price target on shares of American Express from $277.00 to $307.00 and gave the company a “sell” rating in a report on Friday, October 17th. Eight investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $332.65.

Insider Activity at American Express

In related news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of American Express 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 completion of the sale, the insider directly owned 123,613 shares in the company, valued at $40,343,574.81. The trade was a 15.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Denise Pickett sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the completion of the sale, the insider directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 193,292 shares of company stock worth $65,363,878 over the last three months. Corporate insiders own 0.20% of the company’s stock.

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.